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    Is the middle class dream a thing of the past?

    In his new book, "The Rise of the Global Middle Class," Brookings Institution Senior Fellow Homi Kharas explains why the middle-class dream is no longer sustainable and how we can reimagine it going forward.

    By Lauren Evans // 20 December 2023
    <a class="spreaker-player" href="https://www.spreaker.com/episode/58061721" data-resource="episode_id=58061721" data-width="100%" data-height="200px" data-theme="light" data-playlist="false" data-playlist-continuous="false" data-chapters-image="true" data-episode-image-position="right" data-hide-logo="false" data-hide-likes="false" data-hide-comments="false" data-hide-sharing="false" data-hide-download="true">Listen to "Homi Kharas on &quot;The Rise of the Global Middle Class&quot;" on Spreaker.</a> In 1985, Homi Kharas visited a rural fishing village in northwest Malaysia expecting to find poverty. Kharas, who was employed by the World Bank at the time, had reason to expect this: The Malaysian government had specifically told him that this region, in the state of Kelantan, was the poorest in the country. But when Kharas arrived, he was surprised to see not destitution, but the trappings of middle-class life — a concrete jetty, TV antennas sprouting from rooftops, and a health clinic. “I was born in Karachi, so I had kind of preconceived ideas of what poverty should look like,” Kharas told Devex President and Editor-in-Chief Raj Kumar during a discussion about his new book “The Rise of the Global Middle Class: How the Search for the Good Life Can Change the World.” But the village in Kelantan not only upended Kharas’ idea of what poverty looked like — it kickstarted a yearslong investigation into what being middle class really means, how it’s defined, and how it can evolve sustainably going forward. “The Rise of the Global Middle Class” is among the products of that research. In this episode of the Devex Book Club podcast, Kharas discusses how the once ubiquitous middle-class dream has changed, the consequences of a growing middle class on the climate, and how to build sustainable and prosperous societies going forward. <script async src="https://widget.spreaker.com/widgets.js"></script>

    Listen to "Homi Kharas on "The Rise of the Global Middle Class"" on Spreaker.

    In 1985, Homi Kharas visited a rural fishing village in northwest Malaysia expecting to find poverty.

    Kharas, who was employed by the World Bank at the time, had reason to expect this: The Malaysian government had specifically told him that this region, in the state of Kelantan, was the poorest in the country. But when Kharas arrived, he was surprised to see not destitution, but the trappings of middle-class life — a concrete jetty, TV antennas sprouting from rooftops, and a health clinic.

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    About the author

    • Lauren Evans

      Lauren Evans@laurenfaceevans

      Lauren Evans was formerly an Assistant Editor/Senior Associate in the Office of the President at Devex. As a journalist, she covers international development and humanitarian action with a focus on climate and gender. Her work has appeared in outlets like Foreign Policy, Wired UK, Smithsonian Magazine and others, and she’s reported internationally throughout East Africa, Southeast Asia and Latin America.

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