sharp increase in India's poverty measures in the aftermath of the 1991 crisis and stabilization program. However, only one … tenth of the increase in measured poverty is explicable in terms of the variables one would expect to transmit the shock to … poor people. Poverty measures soon returned to their previous level, belying the notion of a structural break induced by …

"The "developing world's middle class" is defined here as those who are not poor when judged by the median poverty line …-fifths came from Asia, and half from China. Most of the new entrants remained fairly close to poverty, with incomes now bunched up …