People are buying refrigerators and television sets on credit in the slums of Sao Paulo. Three million Chinese now ski in a country that didn’t offer the sport fifteen years ago. Evidence is building for a rise in the middle-class. The Economist recently introduced a special report on the worldwide population of the middle-class. According to the report, more than half the world’s population is middle-class for the first time in history. It’s a bold claim. And the expectations of this emerging Read more [...]