Is India’s $4 Trillion GDP Actually a Trap? | Economic Case Study
A Think School economic case study in which the presenter, after India's economy passed 4 trillion dollars, uses a World Bank report to argue that India risks the middle income trap that he says slowed Malaysia, Brazil, South Africa and Thailand. He describes Malaysia getting expensive without getting better, says India is effectively three economies stacked together with a bottom billion earning about 1,000 dollars per capita, and then holds up South Korea's three-stage climb from work to adoption to innovation as the model. Sponsor: the video is presented as brought to you by Think School's own Communication Masterclass course, promoted mid-video. PARTIAL COVERAGE: this note is based on the opening, the Malaysia section, the South Korea section, the India breakdown, the R&D and patent comparison and the closing, and may not cover every point in the roughly 28 minute video. The figures, comparisons and political opinions are the presenter's own and are not independently checked.
Executive Summary (TL;DR)
A Think School economic case study in which the presenter, after India's economy passed 4 trillion dollars, uses a World Bank report to argue that India risks the middle income trap that he says slowed Malaysia, Brazil, South Africa and Thailand. He describes Malaysia getting expensive without getting better, says India is effectively three economies stacked together with a bottom billion earning about 1,000 dollars per capita, and then holds up South Korea's three-stage climb from work to adoption to innovation as the model. Sponsor: the video is presented as brought to you by Think School's own Communication Masterclass course, promoted mid-video. PARTIAL COVERAGE: this note is based on the opening, the Malaysia section, the South Korea section, the India breakdown, the R&D and patent comparison and the closing, and may not cover every point in the roughly 28 minute video. The figures, comparisons and political opinions are the presenter's own and are not independently checked.