ESSAYMIDDLE-INCOME TRAP AND THE VALUATION OF SKILLED WORK
Why a Fast-Growing Economy Cannot Employ Its Own People
The piece surfaces amid renewed debate over India's growth model, following the 2025 Nobel Prize in Economic Sciences awarded to Joel Mokyr for work on the diffusion of "useful knowledge," and recent public remarks by India's Chief Economic Adviser V Anantha Nageswaran urging youth toward trade skills over software and MBA careers.
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