Middle Class: Winners or Losers in a Globalized World?

Delivering sustainable economic growth
Posted Aug 09, 2017 | Vanguardia Dossier, Nancy Birdsall

In the mature Western economies, the middle class has seen a declining share in total income growth. In the developing world, however, the middle classes have gained from open, globalised markets, grown in size and enjoyed income gains between 20 and over 100 percent over two decades. Nancy Birdsall suggests in this essay for the Vanguardia Dossier that as globalisation is likely to persist, the West’s democracies should ensure that its benefits are better shared through economic and social policies that rebuild the size and income shares of the traditional middle class.


https://www.cgdev.org/publication/middle-class-winners-or-losers-globalized-world

 

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