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Australia, The Asia Foundation Provide New Books to Yolanda-hit Schools Australia donated 2,000 new books to schools hit by typhoon Yolanda through The Asia Foundation's Books for Asia program.
March 05, 2014
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Middle-Income Trap: Economic Myth, Political Reality
Case studies from Malaysia and Thailand. By Vijayakumari Kanapathy, Herizal Hazri, Pasuk Phongpaichit, and Pornthep Benyaapikul. Coordinated by Adam Burke. While Asia continues to set pace as the world's fastest growing region, some Asian middle-income countries (MICs) are showing signs of economic slowdown and face stiff competition from lower-cost economies. The implications that could result from this economic growth slowdown in MICs are of serious concern to economists and political decision-makers. The threat of the "middle-income trap" (MIT) looms over Asian MICs such as Thailand and Malaysia, the two countries profiled in this research initiative.