The middle class and the development process
Author(s)
Bibliographic Information
The middle class and the development process
（Series CEPAL, . Serie macroeconomía del desarrollo ; 65）
Naciones Unidas, CEPAL, c2008
Available at 1 libraries
Note
"April 2008"
"LC/L.2892-P"--T.p. verso
"Sales No.: E.08.II.G.29"--T.p. verso
Includes bibliographical references (p. 27-28)
Description and Table of Contents
Description
Stable, higher income democracies often gave both a strong middle class and relatively low levels of inequality. Lower and middle income countries with highly unequal patterns of income distribution and stratified social structures often have a weak middle class, more social conflict and a tendency to populist and/or authoritarian politics. This publication investigates, for a sample of more than 120 countries, some empirical correlations between the size of a middle class and the following set of variables: the level (mean) of per capita income and wealth, the degree if inequality (Gini coefficients) of per capita income and wealth, the level and composition of public expenditure, the share of small and medium size enterprises in employment and output and an indicator of democracy.
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