Middle-income trap hinders progress of 108 developing countries; including India, China: World Bank

Washington [US], August 1 (ANI): More than 100 developing countries, including China, India, Brazil, and South Africa, face serious obstacles that could hinder their efforts to become high-income countries in the next few decades, according to a new World Bank study that provides the first comprehensive roadmap to enable developing countries to escape the "middle-income trap."Drawing on lessons of the past 50 years, the W