Can the world afford a middle class?

From: Winnipeg Free Press | Date: February 24, 2008| Author: Naim, Moises | Copyright information

By Moises Naim

THE middle class in poor countries is the fastest-growing segment of the world's population. While the planet's total population will increase by about a billion people in the next 12 years, the ranks of the middle class will swell by as many as 1.8 billion -- 600 million just in China.

Homi Kharas, a researcher at the Brookings Institution, estimates that by 2020, the world's middle class will grow to include 52 per cent of the total population, up from 30 per ce...

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