Question: Can the World Support China’s Middle Class?

March 6th, 2008 by Rich

A very interesting article written by Moises Naim entitled Can world afford the consequences of growth? offers some interesting insights and questions related to the development of the world’s middle class consumers, and the resources we have available.

Homi Kharas, a researcher at the Brookings Institution, estimates that by 2020, the world’s middle class will grow to include 52 percent of the total population, up from 30 percent. The middle class will almost double in the poor countries where sustained economic growth is fast lifting people above the poverty line. While this is, of course, good news, it also means humanity will have to adjust to unprecedented pressures. The rise of a new global middle class is already having repercussions.

With one of my fundamental questions about China being, is China’s hypergrowth sustainable, I would be interested to hear YOUR COMMENTS on the more general issues presented in the article.. and what products/ solutions you believe will come to market as a result.

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