grow rich

"We will grow old before we grow rich" if growth isn't faster and more equitable, says Dr Rajan.

For more than half a century, the handbook for how developing countries can grow rich hasn’t changed much: Move subsistence farmers into manufacturing jobs, and then sell what they produce to the rest of the world.

Podolyak said some officials had “lost the feeling that the war imposes increased requirements of transparency” and continued to grow rich at the public’s expense.

In fact, while declining powers do sometimes pose a threat, the general and obvious rule remains that as countries grow rich and powerful, they try to expand their political and military reach.

China and other Asian economies such as Thailand face the challenge of whether they can grow rich before they grow old.