Globalisation and the rise of the global middle class
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By Will Straw, Associate Director for Globalisation and Climate Change at the Institute for Public Policy Research
Analysis of globalisation in recent years has focused primarily on the ‘supply shock’ created by a huge increase in low-cost labour in China, India and other emerging markets. Citizens in the developed world view this as both positive, due to the falling cost of consumer goods, and negative, due to the perceived pressure on their jobs and wages.
But a new phase of globalisation i...
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