The Developing World's Bulging (but Vulnerable) Middle Class

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 a...

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Bibliographic Details
Main Author:	Ravallion, Martin
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Personal Finance D140 Demographic Economics: General J100 Economic Development: Human Resources Human Development Income Distribution Migration O150
Online Access:	http://hdl.handle.net/10986/4871

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recordtype	oai_dc
spelling	okr-10986-48712021-04-23T14:02:20Z The Developing World's Bulging (but Vulnerable) Middle Class Ravallion, Martin Personal Finance D140 Demographic Economics: General J100 Economic Development: Human Resources Human Development Income Distribution Migration O150 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. 2012-03-30T07:30:09Z 2012-03-30T07:30:09Z 2010 Journal Article World Development 0305750X http://hdl.handle.net/10986/4871 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Asia China
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Personal Finance D140 Demographic Economics: General J100 Economic Development: Human Resources Human Development Income Distribution Migration O150
spellingShingle	Personal Finance D140 Demographic Economics: General J100 Economic Development: Human Resources Human Development Income Distribution Migration O150 Ravallion, Martin The Developing World's Bulging (but Vulnerable) Middle Class
geographic_facet	Asia China
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	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.
format	Journal Article
author	Ravallion, Martin
author_facet	Ravallion, Martin
author_sort	Ravallion, Martin
title	The Developing World's Bulging (but Vulnerable) Middle Class
title_short	The Developing World's Bulging (but Vulnerable) Middle Class
title_full	The Developing World's Bulging (but Vulnerable) Middle Class
title_fullStr	The Developing World's Bulging (but Vulnerable) Middle Class
title_full_unstemmed	The Developing World's Bulging (but Vulnerable) Middle Class
title_sort	developing world's bulging (but vulnerable) middle class
publishDate	2012
url	http://hdl.handle.net/10986/4871
_version_	1764393059485745152

The Developing World's Bulging (but Vulnerable) Middle Class

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