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Emerging Asia's Middle Class-A Force to be Reckoned With

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Author Info

  • Steffen Dyck

    ()

  • Syetarn Hansakul

    ()

  • Rachna Saxena

    ()

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    Abstract

    The emergence of a large and dynamic middle class raises Asia’s profile as an attractive market destination for products ranging from consumer goods to financial services. There are even hopes that the Asian consumer will replace the US as “world consumer of last resort”, although this seems unlikely in the foreseeable future.

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    Bibliographic Info

    Paper provided by eSocialSciences in its series Working Papers with number id:2232.

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    Date of creation: Oct 2009
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    Handle: RePEc:ess:wpaper:id:2232

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    Web page: http://www.esocialsciences.org

    Related research

    Keywords: health; Asian countries; global crisis; human capital; disposable income; quality; taxes; public services; education; consumer goods; financial services; products; Asian; dynamic middle class; market; chinese; US; china; economic growth; poor; rich; household wealth;

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    References

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    1. Abhijit V. Banerjee & Esther Duflo, 2008. "What Is Middle Class about the Middle Classes around the World?," Journal of Economic Perspectives, American Economic Association, vol. 22(2), pages 3-28, Spring.
    2. Senauer, Benjamin & Goetz, Linde, 2003. "The Growing Middle Class In Developing Countries And The Market For High-Value Food Products," Working Papers 14331, University of Minnesota, The Food Industry Center.
    3. Easterly, William, 2000. "the middle class consensus and economic development," Policy Research Working Paper Series 2346, The World Bank.
    4. Milanovic, Branko & Shlomo Yitzhaki, 2001. "Decomposing world income distribution : does the world have a middle class ?," Policy Research Working Paper Series 2562, The World Bank.
    5. Eloisa T Glindro & Tientip Subhanij & Jessica Szeto & Haibin Zhu, 2008. "Determinants of house prices in nine Asia-Pacific economies," BIS Working Papers 263, Bank for International Settlements.
    6. Markus M. Grabka & Joachim R. Frick, 2008. "The Shrinking German Middle Class: Signs of Long-Term Polarization in Disposable Income?," Weekly Report, DIW Berlin, German Institute for Economic Research, vol. 4(4), pages 21-27.
    7. Birdsall, N. & Graham, C. & Pettinato, S., 2000. "Stuck in the Tunnel: Is Globalization Muddling the Middle Class?," Papers 14, Brookings Institution - Working Papers.
    8. Abdoulaye Diagne & François Joseph Cabral & Fatou Cisse & Mamadou Dansokho & Samba Ba, 2007. "Politiques commerciales, intégration régionale, pauvreté et distribution de revenus au Sénégal/Trade Policies, Regional Integration, Poverty and Income Distribution in Senegal," Working Papers MPIA 2007-15, PEP-MPIA.
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    Cited by:
    1. Syetarn Hansakul, 2010. "Understanding China’s Consumers," Working Papers id:3014, eSocialSciences.

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