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...

Full description

Bibliographic Details
Main Author: Ravallion, Martin
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