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Globalisation And An Emerging Global Middle Class

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  • Dilip K. Das

Abstract

Globalisation has expanded the size of the global middle class. This expansion will change consumption patterns and shift the balance of spending power to middle‐income economies. Rapid growth rates of the middle class in China and India have played a decisive role in creating the middle‐income bulge. By 2030 the global middle class has been projected to grow to two billion. It is of note that a large middle class was also created during the first era of globalisation.

Suggested Citation

  • Dilip K. Das, 2009. "Globalisation And An Emerging Global Middle Class," Economic Affairs, Wiley Blackwell, vol. 29(3), pages 89-92, September.
    • Handle: RePEc:bla:ecaffa:v:29:y:2009:i:3:p:89-92
    DOI: 10.1111/j.1468-0270.2009.01927.x
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    References listed on IDEAS

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    1. Branko Milanovic & Shlomo Yitzhak, 2006. "Decomposing World Income Distribution: Does The World Have A Middle Class?," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 2(2), pages 88-110.
    2. 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.
    3. Robert E. Lucas, 2000. "Some Macroeconomics for the 21st Century," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 159-168, Winter.
    4. Keohane, Robert O., 2001. "Governance in a Partially Globalized World," American Political Science Review, Cambridge University Press, vol. 95(1), pages 1-13, March.
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    Cited by:

    1. Dilip K. Das, 2010. "Contours of Deepening Financial Globalization in the Emerging Market Economies," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 2(1), pages 45-67, January.
    2. Mara Nogueira, 2020. "Preserving the (right kind of) city: The urban politics of the middle classes in Belo Horizonte, Brazil," Urban Studies, Urban Studies Journal Limited, vol. 57(10), pages 2163-2180, August.
    3. Leslie Gray & Laureen Elgert & Antoinette WinklerPrins, 2020. "Theorizing urban agriculture: north–south convergence," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 37(3), pages 869-883, September.

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