Volume 5 (2014)
Most Downloaded Articles
- Aid, Growth, and Development: Have We Come Full Circle? by Arndt, Channing/ Jones, Sam and Tarp, Finn
- The Limits of Incrementalism: The G20, the FSB, and the International Regulatory Agenda by Helleiner, Eric
- Is the Era of the Dollar Over? by Wyplosz, Charles
- Contagion, Liberalization, and the Optimal Structure of Globalization by Stiglitz, Joseph E.
Global Growth and Distribution: China, India, and the Emergence of a Global Middle Class
1The World Bank
2The World Bank
3The World Bank
4Food and Agriculture Organization (FAO)
Citation Information: Journal of Globalization and Development. Volume 2, Issue 2, ISSN (Online) 1948-1837, DOI: 10.1515/1948-1837.1041, January 2012
- Published Online:
Over the past two decades, global inequality changed little despite significant structural shifts. Sustained growth in China and India lifted millions out of poverty, while many African countries fell behind. This paper assesses the distribution effects of a continuation of these trends. Growth in China and India will still drive the convergence of per capita incomes at the global level. Millions of Chinese and Indian consumers will join the global middle class. However, these positive developments will be somewhat offset by widening income disparities within countries, as fast growth is often characterized by high urbanization and growing demand for skills.