The Developing World's Bulging (but Vulnerable) Middle Class
AbstractSummary Western notions of the 'middle class' are of little obvious relevance to developing countries. Instead, the middle class is identified here as those living above the median poverty line of developing countries, even if still poor by rich-country standards. Over 1990-2005, economic growth and global distributional shifts allowed an extra 1.2 billion people to join the developing world's middle class. Four-fifths came from Asia, and half from China. Many of those in this new middle class remain fairly close to poverty. Only 100 million of the 1.2 billion would not be considered poor in any developing county. Economic growth typically came with an expanding middle class.
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Bibliographic InfoArticle provided by Elsevier in its journal World Development.
Volume (Year): 38 (2010)
Issue (Month): 4 (April)
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Web page: http://www.elsevier.com/locate/worlddev
poverty middle class polarization economic growth;
Other versions of this item:
- Ravallion, Martin, 2009. "The Developing World's Bulging (but Vulnerable) "Middle Class"," Policy Research Working Paper Series 4816, The World Bank.
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
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