"The "developing world's middle class" is defined here as those who are not poor when judged by the median poverty line of developing countries, but are still poor by US standards. The "Western middle class" is defined as those who are not poor by US standards. Although barely 80 million people...

"The "developing world's middle class" is defined here as those who are not poor when judged by the median poverty line of developing countries, but are still poor by US standards. The "Western middle class" is defined as those who are not poor by US standards. Although barely 80 million people...

The "developing world's middle class" is defined here as those who are not poor when judged by the median poverty line of developing countries, but are still poor by US standards. The "Western middle class" is defined as those who are not poor by US standards. Although barely 80 million people...

The 'developing world's middle class' is defined here as those who are not poor when judged by the median poverty line of developing countries, but are still poor by US standards. The 'Western middle class' is defined as those who are not poor by US standards. Although barely80 million people in...

Western notions of the 'middle class' are of little obvious relevance to developing countries. Instead, the middle class is identified here as those living above the median poverty line of developing countries, even if still poor by rich-country standards. Over 1990-2005, economic growth and...

We are not seeing faster progress against poverty amongst the poorest developing countries. Yet this is implied by widely accepted "stylized facts" about the development process. The paper tries to explain what is missing from those stylized facts. Consistently with models of economic growth...