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Journal of Globalization and Development

Ed. by Stiglitz, Joseph / Emran, M. Shahe / Guzman, Martin / Jayadev, Arjun / Ocampo, José Antonio / Rodrik, Dani

2 Issues per year

Online
ISSN
1948-1837
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Global Growth and Distribution: China, India, and the Emergence of a Global Middle Class

Maurizio Bussolo
  • The World Bank
/ Rafael E. de Hoyos
  • The World Bank
/ Denis Medvedev
  • The World Bank
/ Dominique van der Mensbrugghe
  • Food and Agriculture Organization (FAO)
Published Online: 2012-01-25 | DOI: https://doi.org/10.1515/1948-1837.1041

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.

Keywords: China; India; global income distribution; middle class

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Published Online: 2012-01-25


Citation Information: Journal of Globalization and Development, ISSN (Online) 1948-1837, DOI: https://doi.org/10.1515/1948-1837.1041.

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©2012 Walter de Gruyter GmbH & Co. KG, Berlin/Boston. Copyright Clearance Center

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