The African Middle Class

A report from the African Development Bank reports that 1 in 3 Africans is middle class, but the Guardian wonders what that means for economic development and what role this middle class, or “catalytic class,” will play in poverty reduction and the future. The Economist, furthermore, cautions against more European or Western assumptions of what it means to be middle class, as the African middle class is very different – considered those who live on of $2/day.

Advertisements

About CTED

CTED, as part of the New York University Abu Dhabi Research Grant, is a multidisciplinary research lab that focuses on combining economic principles, technological advances, and human-centric design to create innovative solutions for the problems experienced in emerging regions.
This entry was posted in In the news, Mobile Phone Applications. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s