If the poor get richer, does the world see progress?
The global "consumer class", defined by those who make $7,000 or more in local currency, is growing quickly but making it even more difficult for the worlds poor to get ahead. 1.7 billion belong to the consumer class while over 3 billion survive on less than $2 a day. Will the growing tide of new consumers in the developing world contribute to the solution of global poverty or simply add to the problem?
posted by stbalbach
on Feb 3, 2004 -