Wednesday, December 25

Time for Mideast to focus on middle class

Google+ Pinterest LinkedIn Tumblr +

MONEYCONTROL.com

Time for Mideast to focus on middle class11 Apr 2012, 12:54 PM

The middle class typically serves as a force for positive socioeconomic change. Yet that has not happened in the Middle East and north Africa, where many of the region’s middle-class residents have grown dependent on their governments for jobs and services. Combined with weak social and economic infrastructures, this reliance on the state has prevented middle-class people from advancing and helping their national economies become stronger.To alter this, governments must first understand the middle class. Yet there is surprisingly little information on this demographic group in the Mena region. To that end, Booz & Company surveyed roughly 1,450 middle-class people in Egypt, Saudi Arabia, and Morocco.

Source : Financial Times

.

Share.

About Author

Comments are closed.