Economic mobility and the rise of the Latin American middle class by Francisco H. G. Ferreira, Julian Messina, Jamele Rogolini, Luis-Felipe Lopez-Calva, Maria Ana Lugo and Renos Vakis published by World Bank indicated by Alexandre A. Rocha (3/2013). “After decades of stagnation, the size of Latin America’s middle class recently expanded to the point where, for the first time ever, the number of people in poverty is equal to the size of the middle class. This volume investigates the nature, determinantes and possible consequences of this remarkable process of social transformation. We propose an original definition of the middle class, tailor-made for Latin America, centered on the concept of economic security and thus a low probability of falling into poverty…”
Economic Mobility (Ferreira et al.)
