The Middle Class Consensus and Economic Development

By William Easterly

The Middle Class Consensus and Economic Development
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A higher share of income for the middle class and lower ethnic polarization are empirically associated with higher income, higher growth, more education, better health, better infrastructure, better economic policies, less political instability, less civil war (putting ethnic minorities at risk), more social "modernization," and more democracy.

Book Details

  • Country: US
  • Published: 2000
  • Publisher: World Bank Publications
  • Language: English
  • Pages: 41
  • Available Formats:
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  • Reading Modes:
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