Middle Income Trap
This project identifies a crucial socio-economic problem the region is facing: the phenomena of the Middle Income Trap. This occurs when growth slows before economies can become high-income, resulting in stagnation. The group does a comprehensive review of its causes and suggests multiple solutions to the problem, including shifting to innovation-based growth, promoting regionalism, and boosting female participation rate in workforce. Reflecting on the past few decades of rapid economic growth in the region, the team finds SEA facing a critical inflection point, which calls for not any one silver bullet solution but rather a suite of complementary strategies to bolster the region's growth and ensure its resilience.
Participants
Chen Bi Rui
Muhammad Syuaib bin Mohamad Sukri
Cal Lim
Nicole Ka Ohu Viengkhou Li
Muhammad Syuaib bin Mohamad Sukri
Cal Lim
Nicole Ka Ohu Viengkhou Li
Mentor
Su Shien Ng
