17 Feb '12, 12pm

The Rise of the Global Middle Class

The Rise of the Global Middle Class

Hence the emerging middle classes of China and India will anchor the world’s economic recovery. Both countries are full of customers who demand better, and more sustainable, goods and technology than they can currently find within their countries’ borders. Their needs include engineering products from German, foodstuffs from Brazil, or head-spinning technology from South Korea or Silicon Valley. India and China are also contributing ideas and solutions that can be applied overseas. China’s clean energy hubs like Boading and Dezhou will churn out goods like solar panels that are finding new markets as doubts over global oil stocks linger. India is hardly limited to its heralded technology hub, Bangalore: countless cities on the subcontinent like Jodhpur boast innovative companies like Datawind that churn out such low-cost devices as the Aakash tablet that only cost like US$...

Full article: http://www.triplepundit.com/2012/02/rise-global-middle-cl...

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