Economic Growth Program
 

Global Middle Class Initiative

Building a Large and Sustainable Global Middle Class

Building a large and sustainable global middle class is the key to both international political stability and world economic growth in the decades ahead. More than 60 developing countries have the potential to become affluent, middle-class societies over the next two decades, providing expanded markets for world goods and services while strengthening the foundations for a peaceful and stable world order. By undertaking a series of region-specific studies, the Global Middle Class Initiative identifies and promotes the main elements of a new international economic strategy that enables emerging economies to evolve into successful, middle-class societies.

Please use the tabs below to find recent content related to the Global Middle Class Initiative, or see the link at right for a more-detailed program description.

Articles

Democratizing Capital

Below is a longer version of the article published in The Nation. For the version appearing in The Nation, please click here.

Historical analogies are never exact. Yet many of the choices we have before us today are similar to ones that an earlier generation of progressives faced as the 1932 election approached. As we do today, the progressives of the 20th century confronted a society beset by a huge gap between classes and an economy laid flat by… more

Undebated Challenges

The most damaging part of the Bush foreign policy legacy is not the precipitous decline in American power and influence brought about by the disastrous Iraq occupation. It is the way the Administration’s "war on terror" and its neoimperial project in the Middle East have distorted our vision of the world.

They magnify out of all proportion what should at worst be minor threats to our national security and ignore much larger developments, such as the extraordinary economic rise of China… more

Sherle R. Schwenninger | The Nation | November 19, 2007

A Goldilocks World Economy?

Over the past decade and half, two developments in the world economy have come together to create conditions for what could be a new era of faster economic growth and rising prosperity. One development involves the integration of China, India and the former Soviet Union into the global economy. The inclusion of these three populous regions into the global economy has created what economists call positive supply-side shocks, resulting in surpluses in labor, capital, and productive capacity. The most obvious… more

Our Allies In Iran

When Iran's new president, Mahmoud Ahmadinejad, called last week for Israel to be "wiped off the map," he raised fears not only abroad but also at home, particularly among Iran's sizeable, democratically minded middle class. The new president's confrontational tone threatens to deepen the isolation of Iran's democrats, pushing them further behind his long shadow. Western powers have a dual challenge: to find a way to engage this population even as they struggle to address the new president's inflammatory rhetoric.… more

Afshin Molavi | New York Times | November 3, 2005

Reconnecting to the World

For the sake of party unity, many Democrats last year put aside their differences with John Kerry's foreign policy positions, in particular his tortured support for the war in Iraq. Situating the party as close to the Bush agenda as possible without actually embracing it, it was argued, was a reasonable price to pay for taking back the White House. The gambit -- of being long on national security and the "war on terror" and short on the economy and… more

More:

All Articles & Op-Eds | All Related Content | Program RSS Feed RSS feed for this program

Policy Papers

The American-German Divide

German Chancellor Angela Merkel has just completed her first official visit to Washington since President Barack Obama took up office. At home Mrs. Merkel has only a few months left to go until an upcoming general election will determine her own political future. This was surely one more reason to send a message of harmony with President Obama back home, as the new U.S. president, much in contrast to his predecessor, enjoys great popularity among German voters. Elections aside, such harmonious gestures can hardly deflect

July 8, 2009

Jobs Solutions for Our Jobless Recovery

This speech was delivered at The New School on May 19, 2009.

Views on the U.S. economy

Leo Hindery | May 19, 2009

Financial Markets Do Impact the Environment

The relation of financial flows and the environment has received much less attention than the impacts of trade, energy programs, sprawl, or pollution creating projects. Perhaps that is not surprising since activities in each of those areas are known to have direct and usually detrimental impacts on environment through changes in land use, soil degradation, pollution emissions, and contributions to global warming, etc. In contrast, both international and domestic financial markets appear relatively clean and detached from environmental impacts --… more

March 1, 2003

Sustainable Enterprise

The fundamental challenge for human institutions in the 21st century is to create and maintain a sustainable combination of economic, social, and natural environmental conditions in an increasingly global and commercial civilization.

This challenge is not now being met. The world economy so far is failing to meet even the basic needs of a large fraction of the human population, or to protect its natural resources and the ecosystems that produce them, even as it creates unprecedented wealth… more

February 28, 2003

The Role of Regulation in Mitigating the Impact of International Capital Flows on the Environment

The large scale movement of capital in the form of financial flows and foreign direct investment is a relatively recent phenomenon despite the fact that international trade has been an important part of commerce throughout the industrial era. Such flows have constituted a major and perhaps defining part of the process of globalization over the past two decades. At the same time, the environmental problems created by industrialization have also grown to have global range, particularly as they are replicated… more

October 22, 2002

More:

All Policy Papers | All Related Content | Program RSS Feed RSS feed for this program

Events

Ten Big Ideas for a New America

The recent turnover in Congress, combined with a wide open presidential election cycle, creates a rare opportunity to bring new ideas into the political process. The spirit of this new era will be captured by those -- from either party or no party -- who embrace innovative yet pragmatic solutions to the foremost challenges facing our nation.

At this event, the New America Foundation released a major new report outlining Ten Big Ideas for a New America, and… more

01/31/2007 - 11:00am
01/31/2007 - 1:30pm

The Disposable American

In his first book, Louis Uchitelle, an award-winning business reporter for The New York Times, examines the accelerating trend of corporate layoffs in America. In The Disposable American: Layoffs and their Consequences, Uchitelle examines rising job insecurity from its origins as a largely blue-collar phenomena in the mid 1970s to how it today affects white-collar workers as well. Arguing that we are now in an era of "downward mobility," he blows the lid off the myth that in America there… more

04/10/2006 - 12:00pm
04/10/2006 - 2:00pm

What Comes Next?

Featuring New America Experts
11/10/2004 - 12:11pm

The Trade Adjustment Assistance Reform Act: Two Years Later

In 2002, Congress passed the most far-reaching reform and expansion of Trade Adjustment Assistance (TAA) since the program was established more than 40 years ago. Now, two years later, it is time to ask, how successfully have these changes been implemented and how effective is TAA in addressing the needs of workers and communities facing severe dislocations as a result of changes in international trade and investment?

The Trade Adjustment Assistance Coalition is a non-profit 501(c)(3) public policy organization, housed… more

10/05/2004 - 12:00pm
10/05/2004 - 2:00pm

Global Economic Rebalancing

-
06/04/2004 - 12:00pm
06/04/2004 - 2:00pm

More:

All Events | All Related Content | Program RSS Feed RSS feed for this program