Development blog: Oops: Economists in confused search for the middle class in the developing world
Updated: 2012-05-31 17:42:02
By Nancy Birdsall - This is a joint post with Christian Meyer. With rapid growth in emerging market economies in the last decade, millions of people have entered the new global middle class. That has created new consumer markets in Latin America, Africa, and Asia – a good example: Dunkin’ Donuts going to India – and sparked considerable interest in [...]