Global experts tackle middle-income challenges
International experts from Governments, leading think-tanks and major universities are kicking off a series of international policy dialogues on middle-income development challenges in Seoul today.
15 experts from the Overseas Development Institute, Jawaharlal Nehru University, the Bank of Indonesia, Cambridge University, the Korea Institute for International Economic Policy, the United Nations Development Programme (UNDP) and more are:
- assessing the key challenges faced by countries in the middle-income bracket;
- setting a framework for the ongoing policy dialogue; and,
- identifying ways to capture and share experiences for the benefit of other middle-income countries (MICs).
The expert meeting runs from the 13th - 15th of May and is co-hosted by the UNDP Seoul Policy Centre, the Korean Ministry of Foreign Affairs (MOFA) and the Korea Institute for International Economic Policy (KIEP).
Common middle-income challenges.
The majority of the world’s poor now live in the 86 countries classified by the World Bank as being in the middle-income bracket.
Despite this, MICs include some of the best performing economies, with important lessons to share.
MICs face similar and unique challenges that require creative policy responses to ensure continued growth and graduation to high-income status.
Still struggling with poverty, many MICs face difficulties in adapting global challenges presented by environmental or demographic shifts.
By identifying the common challenges and sharing experiences, the policy dialogue will help participating countries tackle them.
The dialogue will build on a research paper that provides an initial overview of key, common MIC challenges produced by the UNDP Seoul Policy Centre in 2012.
For more information please see the full concept note.