Friday, May 31, 2013

The Middle Class Is On the Move All Over the World

According to Milton Kotler, the middle class is on the move all over the world.  What does that mean?  We need to open our eyes to the reality of the vast urban middle class in the East, and other parts of the so-called developing world. He illustrates his points (trends) in a comparative view of two great cities, one new and one old: Shenzhen, China and Chicago, Illinois (the latter where I live - pictured).
The second purpose is to open Western eyes to the economic dynamism of BRIC countries and their emerging and developing market cohorts in Asia, Africa, the Middle East and Latin America. The Middle Class in on the move all over the world, and is moving at a faster pace in the Developing and Emerging global sector than in the Developed sector.
Learn more over at Milton Kotler's China blog (fascinating material).

Photo courtesy:  ©2013 Laurel Delaney.  All rights reserved.

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