Topic: Homi Kharas
By 2022, those living in poverty will be a minority for the first time, as the global middle class – particularly from BRIC (Brazil, Russia, India, China) nations – surges. Does new affluence signal shifting global power?
As the developing world becomes more middle class, will traditional frugality trump the pollution that goes along with more consumption?
President Bush's $48 billion Emergency Plan for AIDS Relief could see cutbacks.