Cha-am Jamal, 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

Thailand

Advertisements

Leave a Reply

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

WordPress.com Logo

You are commenting using your WordPress.com 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 )

Google+ photo

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

Connecting to %s


    • chaamjamal: i recall that this note had appeared in my weird-but-true page about a decade ago. the reference is of course brad steiger. his home page is http://
    • Simon: !!!! No logic there really! Of course it has a massive effect on the rain fall..if you have a large forest you are likely to have omre water resources
    • Ajay: Dear Jamal sir I came across your older site and the wbt section in it. It was wonderful. I read and researched on it a lot. The most amazing t
    %d bloggers like this: