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CGD in the News

A New Species? The Elusive Nature of the Global Middle Class (CNBC.com)

September 6, 2013

From the Article:

A new field has arisen for economists and think tank analysts in the effort to define the new middle class, but results are inconclusive. The definers are broken up into camps, defending their positions, though with slightly more conciliation than existed between Bellow and Faulkner.

"There's no consensus," said Christian Meyer, research associate at the Center for Global Development. "In all of this mess of confused definitions, we like to think of not defining it, but identification. We think it matters more to think of concept of middle class—is it a Western idea of income security, not being vulnerable to economic shocks, general economic stability and comfort to engage in society and politics?" 

Read It Here.