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The World Bank reckons that Latin America's middle class expanded from 103m people to 152m between 2003 and 2009.
During the 1950s, corporations paid about 49 percent of their profits in taxes, yet the economy grew and the middle class expanded and prospered.
The middle class expanded fast thanks to jobs in state-owned companies, the public education system and the bloated civil service.
Having crunched the numbers from household surveys across the region, it reckons that Latin America's middle class expanded by 50%, from 103m to 152m, between 2003 and 2009.
Credit cards gained popularity among Chinese as the middle class expanded and living standards rose and as the government tried to encourage use of the cards to stimulate domestic consumption.
This is where the middle class expanded more rapidly (by over 10 pp).
Similar(51)
It also inspired him to return to the scene he wrote in class, expanding it into a full-length play.
In these countries, higher yields created a domestic surplus for savings and investment, encouraged small-scale entrepreneurship, fostered a sense of economic security and helped the middle class expand.
Sees huge opportunity in Brazil's booming middle class; expanding his firm's presence there.
As president, my top priority is to strengthen the middle class, expand opportunity and grow the economy.
The topic of working with emotions continues from the previous class, expanding the inner resources for emotional resilience.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com