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Global Growth and Distribution: China, India, and the Emergence of a Global Middle Class

Author

Listed:
  • Bussolo Maurizio

    (The World Bank)

  • de Hoyos Rafael E.

    (The World Bank)

  • Medvedev Denis

    (The World Bank)

  • van der Mensbrugghe Dominique

    (Food and Agriculture Organization (FAO))

Abstract

Over the past two decades, global inequality changed little despite significant structural shifts. Sustained growth in China and India lifted millions out of poverty, while many African countries fell behind. This paper assesses the distribution effects of a continuation of these trends. Growth in China and India will still drive the convergence of per capita incomes at the global level. Millions of Chinese and Indian consumers will join the global middle class. However, these positive developments will be somewhat offset by widening income disparities within countries, as fast growth is often characterized by high urbanization and growing demand for skills.

Suggested Citation

  • Bussolo Maurizio & de Hoyos Rafael E. & Medvedev Denis & van der Mensbrugghe Dominique, 2012. "Global Growth and Distribution: China, India, and the Emergence of a Global Middle Class," Journal of Globalization and Development, De Gruyter, vol. 2(2), pages 1-29, January.
    • Handle: RePEc:bpj:globdv:v:2:y:2012:i:2:n:3
    DOI: 10.1515/1948-1837.1041
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    References listed on IDEAS

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    Cited by:

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    2. Bradford, Scott C. & Das, Satya & Saha, Anuradha, 2022. "Country size, per-capita income, and comparative advantage: services versus manufacturing," MPRA Paper 115091, University Library of Munich, Germany.
    3. Amer Ahmed & Maurizio Bussolo & Marcio Cruz & Delfin S. Go & Israel Osorio-Rodarte, 2020. "Global Inequality in a more educated world," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 18(4), pages 585-616, December.

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