Dossier
middle-income trap
Coverage of middle-income trap in the Nexus archive.
- Southeast Asia must embrace reforms for ‘China plus one’ to succeed
Southeast Asian governments view the 'China plus one' strategy as a way to escape the middle-income trap by attracting manufacturers diversifying away from China due to rising costs, trade tensions, and supply-chain vulnerabilities. Indonesia, Thailand, and Malaysia are highlighted as potential beneficiaries of this shift.