The DOI matches its Crossref record; 40 of the 40 references it cites were found in a registry or an index.
The Emerging Middle Class in Developing Countries
Open accessAbstract
The shift in global goods production towards Asia is well documented. But global consumer demand has so far been concentrated in the rich economies of the OECD. Will that also shift towards Asia as these countries get richer? This paper defines a global middle class as all those living in households with daily per capita incomes of between USD10 and USD100 in PPP terms. By combining household survey data with growth projections for 145 countries, it shows that Asia accounts for less than one-quarter of today’s middle class. By 2020, that share could double. More than half the world’s middle class could be in Asia and Asian consumers could account for over 40 per cent of global middle class consumption. This is because a large mass of Asian households have incomes today that position them just below the global middle class threshold and so increasingly large numbers of Asians are expected to become middle class in the next ten years. The paper explores how this can help sustain global growth in the medium term, driven by product differentiation, branding and marketing in the new growth markets of Asia.
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Kaufmann, D., Kraay, A., & Mastruzzi, M. (2008) · SSRN Electronic Journal · doi:10.2139/ssrn.1148386 · Cited by 1,241
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Cited by
O’Neill, B. C., Kriegler, E., Ebi, K. L., Kemp-Benedict, E., Riahi, K., Rothman, D. S., van Ruijven, B. J., van Vuuren, D. P., Birkmann, J., Kok, K., et al. (2017) · Global Environmental Change · doi:10.1016/j.gloenvcha.2015.01.004 · Cited by 3,359
Childhood roots of financial literacy
Grohmann, A., Kouwenberg, R., & Menkhoff, L. (2015) · Journal of Economic Psychology · doi:10.1016/j.joep.2015.09.002 · Cited by 289
Reconsidering Migration and Class
Van Hear, N. (2014) · International Migration Review · doi:10.1111/imre.12139 · Cited by 205
O'Rourke, D., & Lollo, N. (2015) · Annual Review of Environment and Resources · doi:10.1146/annurev-environ-102014-021224 · Cited by 200
Sobotka, T. (2017) · Journal of Biosocial Science · doi:10.1017/s0021932017000323 · Cited by 150
Metadata
- Venue
- OECD Development Centre Working Papers
- Published
- 2010-01-26
- ISSN
- 1815-1949 (ISSN-L)
- OpenAlex
- W2139345294
- Cited by
- 566
- References
- 40
- Type
- report
- Language
- en
- Open access
- bronze
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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