Abstract
Dayton-Johnson introduces economic definitions of the middle class appropriate to low- and middle-income countries based on income levels and occupational status. He assesses the link between middle-class growth and economic performance, particularly in developing countries. Different measures of the middle class help explain different dimensions of this link: a larger middle class can boost growth via consumption growth; a growing middle class can also fuel investment via reduced economic inequality; and middle-class politics, moreover, have complicated economic consequences. The middle class, however measured, has grown considerably in recent decades, particularly in Asia; but many such households remain vulnerable to falling back into poverty.
Parts of this chapter draw upon ideas initially developed in two earlier pieces (Dayton-Johnson 2015, 2018). I am grateful to Pía Riggirozzi, Tim Shaw, and Christopher Wylde for comments on those earlier publications, and to Henri-Bernard Solignac-Lecomte for his guidance regarding the African middle class.
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Dayton-Johnson, J. (2019). Global Middle Classes. In: Shaw, T.M., Mahrenbach, L.C., Modi, R., Yi-chong, X. (eds) The Palgrave Handbook of Contemporary International Political Economy. Palgrave Handbooks in IPE. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-45443-0_11
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