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THE UNPRECEDENTED EXPANSION OF THE GLOBAL MIDDLE …

THE UNPRECEDENTED EXPANSION OF THE GLOBAL MIDDLE CLASSAN UPDATEHomi KharasGLOBAL ECONOMY & DEVELOPMENT WORKING PAPER 100 | FEBRUARY 2017 Homi Kharas is a senior fellow and deputy director in the GLOBAL Economy and Development program at the Brookings :I would like to thank Lorenz Noe for his extraordinary and painstaking work in crafting the data base on which this paper relies. Enormously valuable comments were provided by John McArthur and Geoff Gertz. The paper also benefited from comments provided at a presentation made to the 1818 Society Economist :The Brookings Institution is a nonprofit organization devoted to independent research and policy solutions. Its mission is to conduct high -quality, independent research and, based on that research, to provide innovative, prac-tical recommendations for policymakers and the public. The conclusions and recommendations of any Brookings publication are solely those of its author(s), and do not reflect the views of the Institution, its management, or its other scholars.

Feb 28, 2017 · THE UNPRECEDENTED EXPANSION OF THE GLOBAL MIDDLE CLASS: AN UPDATE 1 ... high-income, and low- and middle-income countries. The data is derived from two series for GDP com-

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