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Growing middle class transforms emerging countries, such as BRICS

Middle class coverBrasilia 25 September 2013 – The UNDPs International Policy Centre for Inclusive Growth (IPC-IG) is pleased to announce the launch of its new Poverty in Focus magazine dedicated to the exploration of themes related to the middle class.

The #26 issue of the Poverty in Focus is being launched today at the International Conference on Sustainability and Promotion of the Middle Class, promoted by the Presidency’s Secretariat for Strategic Affairs (Secretaria de Assuntos Estratégicos da Presidência da República SAE/PR) and the National Economic and Social Development Bank (Banco Nacional de Desenvolvimento Econômico e Social BNDES).

The initiative aims to bring together international organisations, such as the Organization for Economic Cooperation and Development (OECD), the International Policy Centre for Inclusive Growth (IPC-IG), the Asian Development Bank and the Economic Commission for Latin America and the Caribbean (ECLAC), to promote open discussions pertaining to the issues affecting the global Middle Class. Check out the Conference agenda here.

“The Middle Class in recent years has emerged as a subject and object of development in new and different ways throughout the globe” says Michael McLennan, editor and researcher associate at the IPC-IG.

The growth of the Middle Class in developing countries is significant and represents a group of people that is becoming more economically secure, or at least less vulnerable to economic shocks. This new Middle Class special issue calls for greater insight into the members of society who are still vulnerable to falling back into poverty.

The rapid growth in BRICS countries over the past decade has captured the attention of policymakers, academics, and development practitioners and encouraged the debate surrounding the potential role of these growing middle classes in promoting democracy, strengthening institutions, and facilitating more inclusive forms of growth.

This week we will be addressing different aspects of the middle class debate. Our objective is to stimulate discussions towards the definition and the concept of Middle Class, with insights of what it means for developing and developed countries.

The Poverty in Focus articles bring both quantitative and qualitative analysis as an effort to enrich the debate and provide different visions, as well as the role of the Middle Class in policy-making. The articles also help to shed light on the relevance of the rise of this new middle both to global uprisings and the BRICS countries.

Willing to learn more about the concept of Middle Class and its implications throughout the globe? Follow us on Twitter and Facebook or access the full publication available here.

Additionally, a study addresses the impact of small entrepreneurs on the expansion of the middle class, available in Portuguese here. Also, access IPC-IG’s publications regarding the issues that affect the middle class throughout the globe:

One Pager #120  – Global Poverty and the New Bottom Billion:Three-Quarters of the World’s Poor Live in Middle-Income Countries

Working paper #74 – Global Poverty And The New Bottom Billion:What If Three-Quarters Of The World’s Poor Live In Middle-Income Countries?

By Tamara Santos

Short URL: http://pressroom.ipc-undp.org/?p=15525

Posted by on Sep 25 2013. Filed under Featured News, Humanizing Development, Inclusive Growth, News, Slider, Social Protection, South-South Dialogue, Thematic Areas. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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