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Global Middle Classes

  • Jeff Dayton-Johnson
Chapter
Part of the Palgrave Handbooks in IPE book series (PHIPE)

Abstract

Dayton-Johnson introduces economic definitions of the middle class appropriate to low- and middle-income countries based on income levels and occupational status. He assesses the link between middle-class growth and economic performance, particularly in developing countries. Different measures of the middle class help explain different dimensions of this link: a larger middle class can boost growth via consumption growth; a growing middle class can also fuel investment via reduced economic inequality; and middle-class politics, moreover, have complicated economic consequences. The middle class, however measured, has grown considerably in recent decades, particularly in Asia; but many such households remain vulnerable to falling back into poverty.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Jeff Dayton-Johnson
    • 1
  1. 1.Middlebury Institute of International Studies at MontereyMontereyUSA

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