Extreme poverty remains one of the most vexing problems of our time. In this intricate study, academics Raj Desai and Homi Kharas tackle the little-understood relationship between the rise of the middle class and the plight of the poor. In Europe, they report, the emergence of the middle class led to the creation of social safety nets for the poor. But in today’s developing world, such a development seems unlikely, Desai and Kharas indicate. getAbstract recommends this report to experts rather than laymen.
About the Authors
Raj M. Desai is a visiting fellow at the Brookings Institution and associate professor of international development at Georgetown University. Homi Kharas is a senior fellow at the Brookings Institution.