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b'Scores of countries have fallen and are falling into the middle-income trap as they strive to develop. And, because of income inequality, aging populations, and a lack of growth impetus, some may never escape.\\n\\nOf the world\\u2019s 199 countries and semi-sovereign economies, 88 are stuck in the middle-income trap: 20 are in Europe, 18 in North America, 16 in Asia, 15 in Africa, 11 in South America, and 8 in Oceania.\\n\\nChen Wang of Shanghai University of Finance and Economics and Jiajun Lan of the Wang Yanan Institute for Studies in Economics at Xiamen University describe the challenges middle-income countries face.\\n\\nRead the transcript\\nhttps://bit.ly/2AR7S0C\\n\\nRead the working paper\\nhttps://www.adb.org/publications/inequality-aging-and-middle-income-trap\\n\\nAbout the authors\\nChen Wang is an assistant professor at the School of Urban and Regional Science, Shanghai University of Finance and Economics. \\nJiajun Lan is a PhD candidate at the Wang Yanan Institute for Studies in Economics, Xiamen University, People\\u2019s Republic of China.\\n\\nKnow more about ADBI\\u2019s work\\nhttps://bit.ly/2zwlL2i\\nhttps://bit.ly/2B1ByVS'