Today: 18.Oct.2018
The incredible growth of the middle class (Homri Kharas, Free Market Foundation, James Peron, Leon Louw) South Africa, USofA world
08.Oct.2018
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Homri Kharas, Deputy Director of Global Economy and Development with the Brookings Institute, USA, James Peron, president of the Moorfield Storey Institute, USA, Leon Louw, Founder of the Free Market Foundation, South Africa: We are witnessing the most rapid expansion of the middle class, as a global level, that the world has ever seen. …the vast majority—almost 90 percent—of the next billion entrants into the global middle class will be in Asia: 380 million Indians, 350 million Chinese, and 2,010 million other Asians. This growth in the Asian middle class means rapidly growing economies by 2030: “Today’s lower middle-income countries, including India, Indonesia, and Vietnam, will have middle-class markets that are $15 trillion bigger than today.”

Fossile fuels are the reason for the tremendous improvement in living for people around the world. Some people who claim they are trying to save the world from catastrophic man-made climate change are determined to make the world stop using fossil fuels. If that happens, there goes the new middle class. That won't happen. But it is going to be expensive and time consuming fighting these climate change alarmists. Fossile fuels are the reason for the tremendous improvement in living for people around the world. Some people who claim they are trying to save the world from catastrophic man-made climate change are determined to make the world stop using fossil fuels. If that happens, there goes the new middle class. That won't happen. But it is going to be expensive and time consuming fighting these climate change alarmists.
Read 44 times Last modified on Monday, 08 October 2018 20:26

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