World Development Report 2024: The Middle-Income Trap

Over the past three decades, only 31 middle-income countries have transitioned to high income. How can the 108 countries that are currently at the middle stage of development avoid the 'middle-income trap' and become highly developed? Building on 30 years of analysis, World Development Report 2024 sets out three guiding principles for policies that countries at the middle stage of development will need for growth (i) to become more sophisticated by making the most of knowledge diffusion and...