The global middle class now totals 2 billion people that spend 6.9 trillion annually.
In 2009, the Chinese consumer accounted for 4% of global middle class consumption.
McKinsey forecasts that, in the next twenty years, the global middle class will nearly triple to around 4.6 million people.
FORBES: Bernanke's Big Question: What's Ahead For Inflation?
According to the renowned consulting firm McKinsey, twenty years ago, the global middle class was comprised of roughly one billion people.
FORBES: Bernanke's Big Question: What's Ahead For Inflation?
It explains that rapidly rising resource prices will result from by the increasing demands of the growing global middle class against supply side constraints.
Rising wealth has also established a new global middle class that the World Bank estimates will be more than 1 billion strong by 2030.
FORBES: Chinese Demand Remains The Driver Of World Oil Prices And That's Bullish
It predicts a rising global middle class, urban density increases, 50 percent growth in demand for food, water and energy, among many other results.
Over the next decade or so a new global middle class will emerge, with estimates of its size varying from 1.2 billion to 4 billion people.
But despite that rapid growth, in 2005 this global middle class accounted for only 6% of the world's population and in 2030 it will still make up only 15%.
Some Indian politicians and diplomats do not like Britain's large aid programme because this is not the image of a land with global middle class aspirations they want to project.
The gap in attitudes between the global middle class and the poor seems greater in most of eastern Europe and Spanish-speaking Latin America than in, say, Egypt, India and Brazil.
While the Chinese middle class (see my definition of the Chinese middle class) will alter the global economy in the years ahead, there are obstacles to Chinese consumers increasing their spending.
The Chinese middle class is an emerging global force that can serve as a catalyst for a more balanced world for all.
To many young women, particularly in the urban middle class, the high-profile global beauty contests are keys to a more liberal environment as well as new opportunities.
One exception to the tepid performance is the surge in stocks tied to the growth of the middle class in Brazilian consumer: the Global X Brazil Consumer ETF (BRAQ) is up nearly 27% in the past year.
Mr Harcourt believes the key to export success is to target the surging middle class demand for cars in Asia and the Middle East, while providing components to the global supply chain and developing environmental technology for greater fuel efficiencies.
BBC: Australia car industry seeks revival amid slowing sales
The American middle class has been hit hard by the ongoing global economic crisis.
Global capitalism has, in many ways, failed the middle class.
Education and job training are critical to that vision, strengthening the middle class and preparing our citizens to compete in the global economy.
It highlights ageing societies and a growing middle class, as well as diminishing natural resources, as key global themes.
In 10 years, global prosperity has created scores of millions of newly wealthy and a billion or so newly middle-class people around the world.
But the most basic fact of global political economy over the past 40 years has been the move from destitute peasantry into the middle class of a couple of billion of our fellow human beings.
FORBES: Fukuyama's Latest Nonsense and Why Karl Marx Was Right
Meanwhile, workers who once made a middle-class living are now being forced to find new ways to compete in the global market.
As more and more people worldwide join the emerging middle class, food prices across the board will likely raise on the back of increased global demand.
Lodhi liked the possibility of Asia: The middle class in South and East Asian economies accounted for 1.4% of the global population and 2.1% of global income in 2000.
What Chrysler needs, more than ever, is a mass-market partner that can provide the global reach and economies of scale it needs to make a decent profit selling cars to America's middle class and to expand beyond its North American base.
Or will opponents sway the debate by warning that the end result is higher energy taxes on working- and middle-class households, and choking mandates that will undermine U.S. manufacturers in the competitive global economy?
应用推荐