The Middle Class Goes Global
We are moving at high speed toward a world based on a new geography of growth, with millions of people in the east and the south moving out of extreme poverty to become powerful middle-class consumers. Will their dreams be achieved, or will governments’ failure to provide adequate social protection and services lead to a global nightmare?
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PARIS – In the twentieth century, the American dream of a middle-class life inspired the world. Now, in the twenty-first, we are moving at high speed toward a world based on a new geography of growth, with millions of people in the east and the south moving out of extreme poverty to become potentially powerful middle-class consumers. Whether the dreams of this new global middle-class are realized or turn into a nightmare depends on several factors.