The Philippines National Economic and Development Authority (NEDA) sees 7-8% GDP growth making the Philippines an upper middle-income country by 2019 which would be 3 years ahead of a 2022 target.
A World Bank definition for an upper middle-income economy is a country with a GNI per capita of between $4,036 and $12,475.
The Philippines, Indonesia, Vietnam, India, Laos and Myanmar are lower middle-income country with GNI per capita between $1,026 and $4,035.
The 2017 World Bank statistics on per capita GNI are:
The South Asian countries have 5 to 8% GDP growth.
Philippines having 7-8% growth should reach the upper middle-income level in 2019. Indonesia has a little slower growth at 5.5% and should reach it around 2022.
India, Vietnam and Laos will become upper middle-income around 2026-2030.
China became upper middle income around 2010 and will soon become high income according to the world bank definitions.
Regional 2017 per capita GNI
Arab World $6,152
Caribbean small states $8,985
Central Europe and the Baltics $12,980
East Asia & Pacific $10,170
Euro area $35,644
Europe & Central Asia $22,651
Europe & Central Asia (excluding high income) $7,370
European Union $32,778
Latin America & Caribbean $8,200
Latin America & Caribbean (excluding high income) $7,413
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
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He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.