Tag: global middle class
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Globalization and Inequality: Two Complex Decades in One Simple Graph
Pew Research Center: Chart of the Week: How two decades of globalization have changed the world (Source: Milanovic, B., Lead Economist, World Bank Research Department, Global income inequality by the numbers. Annotations by James Plunkett.) I have seen the unannotated version of this graph several times, but the annotations really make things clear. The graph…
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Jobs growth in poor countries by income group
Economist: Jobs growth in poor countries by income group … In the chart, left of zero mean fewer jobs in those income groups, while right of zero mean more jobs. So in sub-Saharan Africa and South Asia, the share of jobs for the poorest workers will contract while jobs for people with more income will…
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Developing Countries Are More Than Economic Rivals and Terror Threats
The Atlantic: Developing Countries Are More Than Economic Rivals and Terror Threats I still hear many people today talk about the "Third World." It refers to those nations that were poor and not aligned with either Western capitalism (First World) or the communist world (Second World.) The Third World has vanished, and it is time…
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Globalization Is The Unsung Champion of the Protests Around The World
Atlantic Cities: Globalization Is The Unsung Champion of the Protests Around The World Through the late 80s and 90s, protests everywhere from Berlin to Seattle revealed a common target of public unrest: globalization. Jobs and industries in rich countries were moving to emerging markets, and the free flow of capital led to concerns about financial…
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The Middle-Class Revolution
Wall Street Journal: The Middle-Class Revolution All over the world, argues Francis Fukuyama, today's political turmoil has a common theme: the failure of governments to meet the rising expectations of the newly prosperous and educated. … The theme that connects recent events in Turkey and Brazil to each other, as well as to the 2011…
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The Global Middle Class Is Bigger Than We Thought
Foreign Policy: The Global Middle Class Is Bigger Than We Thought A new way of measuring prosperity has enormous implications for geopolitics and economics. The swelling middle class in emerging economies is transforming the economic balance of power across the globe. Measuring it, however, is no easy task. There is no widely accepted definition of…