The Race to Get Rich Which Poor Country Wins First

Four countries. One race. One finish line — rich. South Korea escaped the middle-income trap in 1995 — now Vietnam, India, Bangladesh and Indonesia are running the same race, and the World Bank says the $8,000 trap is where it is really decided. Who escapes first? Korea's three I's — Investment, Infusion, Innovation — against four runners who have not done all three yet. 0:00 The Starting Line 0:31 Korea's Three I's 1:01 Four Runners 1:35 The $8,000 Trap 2:20 Lane 1: Vietnam 3:11 India: The Giant 3:58 Bangladesh: One Product 4:36 Indonesia: The Resource Giant 5:17 The Twist 6:29 The People in the Lanes 7:49 The Honest Counterpoint 8:27 The Payoff