ADB draft report says 3B Asians could become affluent by 2050; significant challenges
Green Car Congress
MAY 5, 2011
Fast-growing economies like the People’s Republic of China (PRC), India, Indonesia, and Viet Nam cannot afford to fall into the middle income trap when seeking to move from resource-driven growth that is dependent on cheap labor and capital to growth based on high productivity and innovation, the report cautions. —Asia 2050.
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