Thongchai Thailand

Asia’s rising middle class

Posted on: August 21, 2010

It is heartening to learn that Asia’s middle class is growing by leaps and bounds and that their numbers have now reached 274 million in India and a whopping 817 million in China (Study unveils Asia’s booming middle class, Bangkok Post, August 21, 2010). It is sobering to learn, however, that to get these rosy numbers it was necessary to count people consuming at least $2 per day as middle class. This consumption rate is just a dollar per day above the usual definition of extreme poverty. The falling dollar may also have contributed to the rise of the middle class in Asia by allowing many millions to be re-classified by virtue of nothing more than a change in the exchange rate. Thank God for statistics.

Cha-am Jamal


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

  • chaamjamal: Thank you for this very interesting comment and citation. I will find and read that paper today.
  • David Albert: chaamjamal This article reminds me of Pat Frank's paper on error propagation. It took him several years to get that published because so many revie
  • chaamjamal: Fascinating story about Thera Santorini. Thank you. I became interested in pre history after helping an archaeologist friend in israel with carbon da
%d bloggers like this: