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

Author

Listed:
  • Steffen Dyck

    ()

  • Syetarn Hansakul

    ()

  • Rachna Saxena

    ()

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.

Suggested Citation

  • Steffen Dyck & Syetarn Hansakul & Rachna Saxena, 2009. "Emerging Asia's Middle Class-A Force to be Reckoned With," Working Papers id:2232, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:2232
    Note: Institutional Papers
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    File URL: http://www.esocialsciences.org/Download/repecDownload.aspx?fname=Document16102009290.1235468.pdf&fcategory=Articles&AId=2232&fref=repec
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    References listed on IDEAS

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    1. Birdsall, N. & Graham, C. & Pettinato, S., 2000. "Stuck in the Tunnel: Is Globalization Muddling the Middle Class?," Papers 14, Brookings Institution - Working Papers.
    2. Milanovic, Branko & Yitzhaki, Shlomo, 2002. "Decomposing World Income Distribution: Does the World Have a Middle Class?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(2), pages 155-178, June.
    3. 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.
    4. Easterly, William, 2001. "The Middle Class Consensus and Economic Development," Journal of Economic Growth, Springer, vol. 6(4), pages 317-335, December.
    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. 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.
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    Cited by:

    1. Syetarn Hansakul, 2010. "Understanding China’s Consumers," Working Papers id:3014, eSocialSciences.

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