The Middle Class Consensus and Economic Development

The Middle Class Consensus and Economic Development

Summary of Key arguments

The results have shown that countries with a middle class consensus are able to achieve higher levels of growth. The main reason behind the higher growth rates is that they have more labor and infrastructure to support their labor. The difference in the economic policies also helps them grow faster than others as they promote the ideas of democracy, urbanization, and sectoral structure.

In the study it can be seen that to detriment growth, politicians exploit ethnic heterogeneity. How they use ethnic cleansing as a tool ...