Global Development and the Middle-Income Trap

This event will explore critical questions on how middle-income countries can accelerate the process of creative destruction, despite stiffening headwinds caused by economic fragmentation, demographic considerations and climate change.

Date: Monday 27 May 2024
Time: 14.30–16.00 CET
Organiser: The Knowledge for Change Program of the Development Economics Vice Precidency at the World Bank, in partnership with the Expert Group for Aid Studies (EBA), Stockholm Institute of Transition Economies (SITE) and the Swedish International Development Cooperation (Sida).
Venue: Aula Auditorium Stockholm School of Economics or Zoom
More information and registration

The 108 middle-income economies represent approximately three-fourths of the world's population, collectively contribute to nearly 40 per cent of global economic activity, and generate over 60 per cent of all carbon dioxide emissions. Despite advancements in the 1990s, growth in these countries is notably slowing down and they are not on track to catch up with high-income countries any time soon.

Where are these economies headed? What are the pathways for emerging market economies to avoid what has been known and feared as the “middle-income trap”? How can they balance the forces of creation, preservation, and destruction to achieve total economic, social, and ecological efficiency?

This is a public knowledge event that will explore critical questions on how middle-income countries can accelerate the process of creative destruction, despite stiffening headwinds caused by economic fragmentation, demographic considerations and climate change.

Speakers

Keynote Address

Introduction

Moderator

Panelists

Uppdaterad: 23 maj 2024