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What is Middle Class Consensus and Development about?

This document discusses how the existence of a middle class consensus, defined as a situation with neither strong class differences nor ethnic differences, is an important determinant of economic development differences across countries. It links the likelihood of a middle class consensus to exogenous country characteristics like resource endowments and ethnolinguistic diversity. Research shows that countries with a larger middle class share of income and lower ethnic polarization tend to have higher income

Author

Yikai Wang

Language

EN