Tuesday, May 17, 2011

Surging BRIC middle classes are eclipsing global poverty

"This dwarfs even the 19th-century middle class explosion in its global scale," noted economists Dominic Wilson and Raluca Dragusanu in a 2009 Goldman Sachs report. And they predicted, "the pace of expansion ... is likely to pick up."

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Surging BRIC middle classes are eclipsing global poverty