You are here UN finds rising prosperity in developing countries
MEXICO CITY — The proportion of the world’s middle class living
in developing nations more than doubled between 1990 and 2010
and is expected to rise to more than 80 per cent of the globe’s
total by 2030, a United Nations report said. The UN Development
Programme’s 2013 Human Development report, released in Mexico
City, says the share of middle-class people living in “the
global south” expanded from 26 per cent to 58 per cent over 20
years. By 2030, developing nations will have the vast majority
of the world’s middle-class people, and account for 70 per cent
of total consumer spending, it said. The report predicts that by
the end of the current decade, the economic output of Brazil,
India and China will outstrip that of the United States,
Germany, Britain, Canada, France and Italy combined. The report
highlights Latin America, and especially Brazil, Chile and
Mexico, which it lists as pioneers in three main development
drivers: more proactive sta