Saturday, March 14, 2026

Sustaining Economic Development - India and China

India Can Avoid the Middle-Income Trap
https://www.project-syndicate.org/commentary/india-can-avoid-middle-income-trap-by-arvind-panagariya-2026-03
Can India avoid the dreaded middle-income trap that has ensnared so many other developing countries in Latin America and Southeast Asia? Its favorable demographics, steadily improving economic governance and civil administration, and recent trade agreements certainly suggest so.
 
Infrastructure Investment Is the Key to China’s Growth
https://www.project-syndicate.org/commentary/china-must-increase-infrastructure-investment-to-meet-growth-targets-by-yu-yongding-2026-03
China’s government has now set its growth target for 2026 at 4.5-5%. With China’s GDP deflator still in negative territory and ample policy space for more expansionary fiscal and monetary policy, this is achievable, but it will require boosting both consumption and investment spending. 

China’s Long-Promised Consumer Boom Is a Mirage
https://www.nytimes.com/2026/03/13/opinion/china-exports-consumer-spending.html
China may never be able to realize its longtime promise to shift away from an overreliance on exports. 

Laid Off in Midlife, China’s Reform Generation Braces for Downward Mobility
https://www.nytimes.com/2026/03/21/business/laid-off-in-midlife-chinas-reform-generation-braces-for-downward-mobility.html
The future once seemed boundless for those who grew up during China’s reform era. Now in middle age, they are pinned between economic stagnation and institutional age discrimination.