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    Artwork for Planet Money
    Episode

    The giant factory town that might be a giant mistake

    Planet Money · May 22, 2026 · 27 min
    Episode page

    How does a poor country become a rich country? There's a simple blueprint — or at least, that's what many economists used to believe. But over the years, a lot of rapidly developing economies have stalled out. These countries aren't poor anymore, but they're not rich either. They're stuck in the middle. The World Bank calls this problem the "middle income trap." And if there's a poster child for…

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