Economic Growth and the Middle Class in an Economy in Transition

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Author :
Publisher : Springer
ISBN 13 : 3319510940
Total Pages : 131 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Economic Growth and the Middle Class in an Economy in Transition by : Zoya Nissanov

Download or read book Economic Growth and the Middle Class in an Economy in Transition written by Zoya Nissanov and published by Springer. This book was released on 2017-01-24 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the evolution of the middle class in Russia after the fall of the Soviet Union. Using data from the RLMS (Russian Longitudinal Monitoring Survey), the volume covers the period of transition (1991-2008) during which many fundamental economic reforms were implemented. The first part of the book is devoted to a discussion of the concept of middle class and a description of the economic situation in Russia during the transition period. Particular attention is given to variations in the distribution of Russian incomes and the estimated importance of the middle class. The second part of the book focuses on the link between the middle class and income bipolarization. The third and last section of the book uses the semiparametric "mixture model" to discover how many different groups may be derived from the income distribution in Russia, as well as what the main socio-economic and demographic characteristics of those groups are. The mobility of households into and out of the middle class during the transition period is also studied in hopes of determining the factors that contribute to such mobility. Using rigorous empirical methods, this volume sheds light on a relatively unstudied economic group and provides insight for countries which are about to enter a transition period. As such, this book will be of great interest to researchers in economics and inequality as well as professionals and practitioners working with international organizations.

Essays on Polarization, the Middle Class and Economic Growth in an Economy in Transition

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Publisher :
ISBN 13 :
Total Pages : 167 pages
Book Rating : 4.:/5 (875 download)

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Book Synopsis Essays on Polarization, the Middle Class and Economic Growth in an Economy in Transition by : Zoya Nissanov

Download or read book Essays on Polarization, the Middle Class and Economic Growth in an Economy in Transition written by Zoya Nissanov and published by . This book was released on 2012 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt:

China's Emerging Middle Class

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Author :
Publisher : Brookings Institution Press
ISBN 13 : 0815704054
Total Pages : 417 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis China's Emerging Middle Class by : Cheng Li

Download or read book China's Emerging Middle Class written by Cheng Li and published by Brookings Institution Press. This book was released on 2010 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decades ago, there was no distinct middle class in the People's Republic of China. Any meaningful discussion of China's economy, politics, or society must take into account the rapid emergence and explosive growth of the Chinese middle class. This book details the origins and characteristics of this dramatic change.

The Bridge to a Global Middle Class

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 9781402073298
Total Pages : 692 pages
Book Rating : 4.0/5 (732 download)

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Book Synopsis The Bridge to a Global Middle Class by : Walter Russell Mead

Download or read book The Bridge to a Global Middle Class written by Walter Russell Mead and published by Springer Science & Business Media. This book was released on 2003 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bridge to a Global Middle Class compiles a unique series of papers originally commissioned by the Council on Foreign Relations in the wake of the financial crises of 1997-1998. This thought-provoking retrospective culls the views of economists, international financial institutions, Wall Street, organized labor and varying public-interest organizations on the issue of how to fortify our global financial infrastructure. Their effort is the culmination of an 18-month study - The Project on Development, Trade, and International Finance - that seeks to encourage the evolution of middle-class oriented economic development in emerging market countries. In addressing the world economic problems that led to the crises and examining methods to improve the workings of the world's financial markets, they offer ideas, policy recommendations, and suggest the concrete forms these might take, in the drive to transition the world economy toward strategies that offer the developing world an improved standard of living. These papers make a convincing case for middle-class-oriented economic development as the key to global prosperity and stability. U.S. and international policy-makers will find these insightful discussions valuable in forming new policy and providing the appropriate stimulus for economic development in emerging economies.

Under Pressure: The Squeezed Middle Class

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Author :
Publisher : OECD Publishing
ISBN 13 : 926415034X
Total Pages : 173 pages
Book Rating : 4.2/5 (641 download)

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Book Synopsis Under Pressure: The Squeezed Middle Class by : OECD

Download or read book Under Pressure: The Squeezed Middle Class written by OECD and published by OECD Publishing. This book was released on 2019-05-01 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: Middle-class households feel left behind and have questioned the benefits of economic globalisation.

The Middle Class Consensus and Economic Development

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Middle Class Consensus and Economic Development by : William Easterly

Download or read book The Middle Class Consensus and Economic Development written by William Easterly and published by World Bank Publications. This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Vanishing Middle Class, new epilogue

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Author :
Publisher : MIT Press
ISBN 13 : 0262535297
Total Pages : 288 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis The Vanishing Middle Class, new epilogue by : Peter Temin

Download or read book The Vanishing Middle Class, new epilogue written by Peter Temin and published by MIT Press. This book was released on 2018-03-09 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the United States has developed an economy divided between rich and poor and how racism helped bring this about. The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America, and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor. Many poorer Americans live in conditions resembling those of a developing country—substandard education, dilapidated housing, and few stable employment opportunities. And although almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients of social programs as the Other—black, Latino, not like "us." Politicians also use mass incarceration as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.

Understanding Economic Transitions

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Author :
Publisher : Springer Nature
ISBN 13 : 3031215842
Total Pages : 324 pages
Book Rating : 4.0/5 (312 download)

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Book Synopsis Understanding Economic Transitions by : Berhanu Abegaz

Download or read book Understanding Economic Transitions written by Berhanu Abegaz and published by Springer Nature. This book was released on 2023-02-14 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding Economic Transitions explains the genesis, operation, and transformation of the centrally-planned socialist economy, which figured prominently in the lives of billions of people in twentieth-century Europe and Asia. Just as importantly, the centrally-planned socialist economy’s demise coincided with the shift from nonindustrial to industrial economy (and de-industrialization in some cases) and the onset of ICT-driven globalization. Using theory, empirics, and selected country case studies, this book teases out the enduring lessons from the myriad and fraught pathways of transition from socialism to capitalism. Understanding Economic Transitions provides a self-contained, comprehensive, and authoritative treatment of modern economic systems. This textbook has four features of particular use to students: (i) Using the prism of comparative institutionalism, it melds theory and evidence to revisit the varieties of planned and market-driven systems today; (ii) It takes economic planning seriously in theory and practice (central, cooperative, or indicative) as the most prominent marker of the ever-changing boundaries between state and market; (iii) It focuses on the dynamics of systemic transition in formerly socialist countries by contextualizing them in terms of the whence (central planning), the how (modalities of transition), and the whither (illiberal or liberal capitalism) of politico-economic transformation; and (iv) It examines the profound impact on these structural processes of the post-1990 phase of economic globalization. With its clear, comprehensive content and useful pedagogical features, this textbook will prepare students to understand how economies transition and why.

Stemming Middle-Class Decline

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Author :
Publisher : Routledge
ISBN 13 : 1351488104
Total Pages : 277 pages
Book Rating : 4.3/5 (514 download)

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Book Synopsis Stemming Middle-Class Decline by : Nancey Green Leigh

Download or read book Stemming Middle-Class Decline written by Nancey Green Leigh and published by Routledge. This book was released on 2017-09-04 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are Americans as well-off as they used to be? The answer affects everything from product markets and housing sales to social tranquility and presidential (and local) elections. This volume examines what is happening to the American middle class. In a detailed and comprehensive analysis, Nancey Green Leigh tracks changes in the pattern of income distribution over a twenty-year period. While earnings have increased, there is a widening gap between what middle-level earnings can purchase and the cost of a middle standard of living.Due to the fact that this decline has not been experienced equally in all regions, separate analyses are reported for urban and rural locations, major census regions, and the largest states. To identify which workers have been most affected, Leigh compares earning trends by race, gender, educational level, industry of employment, part- or full-time status, and fringe benefit recipiency. Rejecting short-term and demographic explanations, Leigh links the decline of the middle class to economic change and industrial restructuring.Leigh concludes her work by examining planning and policy prescriptions to improve the prospects of members - and aspiring members - of the middle economic class. She documents the decreasing ability of middle-level earners to purchase a middle standard of living and attributes the decline in part to failures in planning. Failures of planning, she observes, have contributed to the growing divergence between middle-level earnings and the middle standard of living. Stemming Middle-Class Decline provides comprehensive data and trends on workers, communities, regions, and the nation that all policymakers and government officials should read and examine with care.

Trapped in the Middle?

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Author :
Publisher : Oxford University Press, USA
ISBN 13 : 0198852770
Total Pages : 369 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis Trapped in the Middle? by : José Antonio Alonso

Download or read book Trapped in the Middle? written by José Antonio Alonso and published by Oxford University Press, USA. This book was released on 2020-10-22 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trapped in the Middle? investigates whether middle-income traps really exist and, in case they do, how these pitfalls are manifested, their causes, what economic policy measures are required to escape from them, and what international cooperation can do to support this process.

Institutions, Human Development and Economic Growth in Transition Economies

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Author :
Publisher : Springer
ISBN 13 : 0230313884
Total Pages : 313 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis Institutions, Human Development and Economic Growth in Transition Economies by : P. Tridico

Download or read book Institutions, Human Development and Economic Growth in Transition Economies written by P. Tridico and published by Springer. This book was released on 2011-07-19 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the development path of transition economies in European Countries and former Soviet Republics that have experienced the transformation from planned economies to market economies since the fall of the Berlin wall in 1989. It examines economic growth, institutional change and human development performance.

Hollowed Out

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Publisher : Univ of California Press
ISBN 13 : 0520281640
Total Pages : 270 pages
Book Rating : 4.5/5 (22 download)

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Book Synopsis Hollowed Out by : David Madland

Download or read book Hollowed Out written by David Madland and published by Univ of California Press. This book was released on 2015-06-24 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: "For the past several decades, politicians and economists have thought that high levels of inequality were good for the economy. But an economy that works only for the rich simply doesn't work. Because the middle class is so weak, America's economy now suffers from the kinds of problems that plague less-developed countries. Privileged elites more frequently secure special treatment from a government that wastes money and stifles competition. Children's opportunities are excessively determined by the wealth of their parents. Societal distrust has increased, making business transactions needlessly difficult. Consumer demand has weakened and become unstable, which has helped fuel the Great Recession and has made the recovery painfully slow. As Hollowed Out explains, to have strong and sustainable growth, the economy needs to work for everyone and grow from the middle out. This new middle-out theory aims to supplant trickle-down economics--the theory that was so wrong about inequality and our economy and did so much damage to our nation. This new thinking has the potential to shape economic policymaking for generations."--Provided by publisher.

The Middle Class Consensus and Economic Development

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Author :
Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Middle Class Consensus and Economic Development by : William Easterly

Download or read book The Middle Class Consensus and Economic Development written by William Easterly and published by . This book was released on 2016 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. Modern political economy stresses society's polarization as a determinant of development outcomes. Among the most common forms of social conflict are class polarization and ethnic polarization.A middle class consensus is defined as a high share of income for the middle class and a low degree of ethnic polarization. A middle class consensus distinguishes development successes from failures. A theoretical model shows how groups - distinguished by class or ethnicity - will under-invest in human capital and infrastructure when there is leakage to another group.Easterly links the existence of a middle class consensus to exogenous country characteristics such as resource endowments, along the lines of the provocative thesis of Engerman and Sokoloff 1997 that tropical commodity exporters are more unequal than other societies.Easterly confirms this hypothesis with cross-country data. This makes it possible to use resource endowments as instruments for inequality. 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.This paper - a product of Macroeconomics and Growth, Development Research Group - is part of a larger effort in the group to study the determinants of growth.

The Rise of the Middle Class in Contemporary China

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Author :
Publisher : Springer Nature
ISBN 13 : 9811950997
Total Pages : 347 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis The Rise of the Middle Class in Contemporary China by : Hainan Su

Download or read book The Rise of the Middle Class in Contemporary China written by Hainan Su and published by Springer Nature. This book was released on 2023-01-01 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book portrays the middle class in contemporary China with plain language and precise professional knowledge in an all-round, broad and responsible way from the perspectives of income, property, profession, education, consumption, investment, physiological and behavioral characteristics, history and development. It gives, in a logical order, the reasons for stimulating the rise of the middle class in contemporary China. It emphatically describes what the middle class is and what the middle class in contemporary China looks like. It also analyzes whether the middle class can rise in China and sheds light on the basic thinking, medium and long-term goals, main measures and current work priorities for achieving full rise of the middle class in contemporary China. As China becomes the world's largest economy, the new middle class will be the Chinese people facing the world; as such, this book will be of interest to sociologists, sinologists, political scientists, and economists.

The American Middle Class [2 volumes]

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Author :
Publisher : Bloomsbury Publishing USA
ISBN 13 : 1610697588
Total Pages : 1087 pages
Book Rating : 4.6/5 (16 download)

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Book Synopsis The American Middle Class [2 volumes] by : Robert S. Rycroft

Download or read book The American Middle Class [2 volumes] written by Robert S. Rycroft and published by Bloomsbury Publishing USA. This book was released on 2017-05-12 with total page 1087 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the "American Dream"? This book's author argues that contrary to what many believe, it is not achieving the wealth necessary to enter the top one percent but rather becoming members of the great middle class by dint of hard work and self-discipline. Americans of all classes consider themselves to be "middle class." There are Americans who by any objective standard should be considered poor who would insist they are middle class, just as other Americans who should be considered wealthy also insist they are middle class. Thinking of yourself and being thought of by others as middle class is the "American Dream" for tens of millions of people. But an enduring problem of the American middle class is the worry that the "Dream" is coming apart—that forces are lurking in the shadows waiting to steal their progress and throw them back into "poverty." This thought-provoking reference explores a disparate multitude of issues associated with being middle class in America. It addresses a range of questions and subtopics, including the meaning of the term "middle class"; how middle class status is expressed by both the majority and the various minorities that make up the American mosaic; what economic pressures are bearing down on the middle class; and how economists and others attempt to make sense of the economic issues of the day. Readers will also better understand how political institutions and public policies are shaping the way the middle class views the world; how labor, housing, education, and crime-related issues have influenced the development and growth of the middle class; the norms of the middle class versus those of other classes in society; and the role of culture and media in shaping how members of the middle class view themselves—and how they are viewed by others. This two-volume set provides a comprehensive look at the American middle class that supports student research in economics, social studies, cultural studies, and political history. The content supports teachers in their development of lesson plans and assignments that directly align with the Common Core State Standards and the recommendations of the National Curriculum Standards for Social Studies (NCSS) with respect to all ten NCSS themes.

Automation, Capitalism and the End of the Middle Class

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Author :
Publisher : Routledge
ISBN 13 : 1000020347
Total Pages : 70 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Automation, Capitalism and the End of the Middle Class by : Jon-Arild Johannessen

Download or read book Automation, Capitalism and the End of the Middle Class written by Jon-Arild Johannessen and published by Routledge. This book was released on 2019-04-18 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, the author argues that a new form of capitalism is emerging at the threshold of the Fourth Industrial Revolution. He asserts that we are in the midst of a transition from democratic capitalism to feudal capitalism and highlights how robotization and innovation is leading to a social crisis for the middle classes as economic inequality is on the rise. Johannessen outlines the three elements – Balkanization, the Great Illusion, and the plutocracy – which are referred to here as feudal structures. He describes, analyzes, and discusses these elements both individually and in interaction with each other, and asks: "What structures and processes are promoting and boosting feudal capitalism?" Additionally, the book serves to generate knowledge about how the middle class will develop in the Fourth Industrial Revolution. It shows the various effects of robotization on the middle class, where middle class jobs are transformed, deconstructed, and re-constructed and new part-time jobs are created for the middle class. Given the interest in the Fourth Industrial Revolution, the book will appeal to students of economic sociology and political economy as well as those in innovation and knowledge management courses focusing upon the emerging innovation economy. The topic will attract policymakers, and the accessible and engaging tone will also make the book of interest to the general public.

The Vanishing Middle Class, new epilogue

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Author :
Publisher : MIT Press
ISBN 13 : 0262348764
Total Pages : 288 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis The Vanishing Middle Class, new epilogue by : Peter Temin

Download or read book The Vanishing Middle Class, new epilogue written by Peter Temin and published by MIT Press. This book was released on 2018-03-16 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the United States has developed an economy divided between rich and poor and how racism helped bring this about. The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America, and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor. Many poorer Americans live in conditions resembling those of a developing country—substandard education, dilapidated housing, and few stable employment opportunities. And although almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients of social programs as the Other—black, Latino, not like "us." Politicians also use mass incarceration as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.