The Economic Transition

  • Peter Peeters


At the end of the nineteenth century the discrepancy between the upper and lower classes in Western societies had grown in many ways. Whereas the income, wealth and power of the upper classes had increased, the position of the lower classes continued to be miserable, although slight improvements in their living conditions were already noticeable and a few aid or relief programmes did exist thanks to the goodwill of some of the richer people. But they had little or no education, had relatively more children and lacked all real political power. Many living at that time must have assumed that the future of their class would be bleak and devoid of hope, yet within less than a century the situation has entirely changed. The working classes have now obtained wealth, equality and power because they have understood their own strength and taken what they thought was their due.


Capita Income Economic Transition East Asian Country Industrialise Nation Rapid Economic Growth 
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© Peter Peeters 1979

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  • Peter Peeters

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