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Wealth of Nations : THE EMERGING MIDDLE CLASS IN DEVELOPING COUNTRIES

Homi Kharas, OECD DEVELOPMENT CENTRE, 2010년 발간

세부항목 안내표
대분류 키워드 Time Horizon Quality Territorial Scope
Economics middle class, develping country 없음 Highly Recommand Global

Report 보고서

요약

For forty years between 1965 and 2004, the G7 economies accounted for an average of

65 per cent of global GDP measured at market exchange rates. Despite major events in the global

economy—the collapse of the Bretton Woods fixed exchange rate arrangement in 1971, oil price

spikes in 1973 and 1979, stagflation, the fall of the Berlin Wall and dismantling of the Soviet

Union—the share of the G7 in the global economy always stayed within three percentage points

of 65 per cent. This remarkable stability also ushered in a period known as the Great Moderation

to describe the reduced volatility of major macroeconomic outcomes in the developed world.

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ACKNOWLEDGEMENTS.......................................................................................................................... 4

PREFACE ...................................................................................................................................................... 5

RÉSUMÉ ........................................................................................................................................................ 6

ABSTRACT ................................................................................................................................................... 6

I. INTRODUCTION ..................................................................................................................................... 7

II. DEFINING THE MIDDLE CLASS ...................................................................................................... 10

III. MEASURING THE GLOBAL MIDDLE CLASS .............................................................................. 14

IV. PROJECTING GDP AND TRENDS IN THE GLOBAL MIDDLE CLASS ................................... 17

V. A NOTE ON CHINA AND INDIA .................................................................................................... 30

VI. CONCLUSION..................................................................................................................................... 38

ANNEX 1. PROJECTIONS METHODOLOGY ...................................................................................... 40

REFERENCES ............................................................................................................................................. 50

OTHER TITLES IN THE SERIES/ AUTRES TITRES DANS LA SÉRIE .............................................. 53

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