Description

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The middle class is the most successful group in world history. Sometime before 2030 the fifth billionth person will join the middle class. What started a little over two hundred years ago as a search for a better life has fueled unprecedented global transformation. In his new book Homi Kharas looks at how this powerful dream captivated generations through history, but its demands have led younger generations to ask if it is all worth it. Can the middle class continue to thrive, or will it falter under the stresses of automation, consumerism, pollution, and political strife?

The Rise of the Global Middle Class traces the history of the middle class from its origins in Victorian England to present day India. Along the way we meet knocker-uppers who have been displaced by alarm clocks. We learn how the Chinese Communist Party drew legitimacy from its ability to enlarge the Chinese middle class.

Kharas proposes a new middle-class manifesto that addresses the pressing issues of inequality, climate change, and technological advances.

About the Author

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Homi Kharas is a Senior Fellow at the Brookings Institution, and a co-founder of World Data Lab, a company with a mission to make everyone count. An economist by training, he is a pioneer in the study of the global middle class. He has over four decades of experience working in or writing about international financial institutions, and contributed to the shaping of the UN-brokered global agreement in 2015 to pursue Sustainable Development Goals in every country and region of the world. He has worked and traveled in almost 90 countries.