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Middle Class Size in the Past, Present, and Future: A Description of Trends in Asia

dc.contributor.authorNatalie Chun
dc.date.accessioned2015-01-24T13:14:10Z
dc.date.available2015-01-24T13:14:10Z
dc.date.issued2010-09-01
dc.identifier.issn1655-5252
dc.identifier.urihttp://hdl.handle.net/11540/1562
dc.description.abstract"This paper describes the size of the middle class in developing Asia across countries and over time. Based on an absolute measure of the middle class of $2–$20 (2005 purchasing power parity United States dollars), it finds that between 1990 and 2008, the size of the middle class in developing Asia has grown dramatically in percentage share, absolute size, and purchasing power. However, there are large variations in the size and growth of the middle class across countries, with the primary growth of the middle class largely driven by the People’s Republic of China (PRC). Considerably smaller growth has occurred in many countries including Nepal and Sri Lanka. Still, a large portion of the middle class residing in the $2–$4 range are extremely vulnerable, and many of the poor in Asia remain in the PRC and India. This suggests that it may be good for policymakers to not only focus on countries that have lagged behind in terms of growth of the middle class, but that it should also concern itself with focusing on countries where there is still considerable room to build, and bolster the absolute size of the middle class in Asia."
dc.publisherAsian Development Bank
dc.titleMiddle Class Size in the Past, Present, and Future: A Description of Trends in Asia
dc.typeWorking Papers
dc.subject.expertEconomic Welfare
dc.subject.expertEconomic Incentives
dc.subject.adbSocial condition
dc.subject.adbEconomic dependence
dc.subject.adbEconomic assistance
dc.subject.naturalWelfare economics
dc.subject.naturalWelfare state
dc.subject.naturalPoor
dc.subject.naturalFood relief
dc.subject.naturalPoverty
dc.subject.naturalDomestic economic assistance
dc.title.seriesADB economics working paper series
dc.title.volumeNo. 217
dc.contributor.imprintAsian Development Bank
oar.themeEconomics
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic Republic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji
oar.countryKiribati
oar.countryMarshall Islands
oar.countryMicronesia, Federated States of
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryChina, People’s Republic of
oar.countryHong Kong, China
oar.countryChina, People’s Republic of
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-001272
oar.authorChun, Natalie
oar.importtrue
oar.googlescholar.linkpresenttrue


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