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...
Main Author: | |
---|---|
Format: | Journal Article |
Language: | EN |
Published: |
2012
|
Subjects: | |
Online Access: | http://hdl.handle.net/10986/4871 |
id |
okr-10986-4871 |
---|---|
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 |