The return of the Eastern European middle class

17 Feb 2016

Nino Narmania in a tailoring workshopNino Narmania in a tailoring workshop, part of the practical training put in place through an overhaul of Georgia's professional education system. (Photo: UNDP/Daro Sulakauri)
The headlines emerging from Davos this year show that concerns about inequalities are continuing to grow. According to Oxfam's latest report, the billionaires that are as rich as half of humanity can now fit on a bus. In 2010 they would have required a Boeing. But the picture is in many ways much more complex. Take the region I cover: Eastern Europe, Turkey, and Central Asia. The initial results of a new UNDP report show that over the past twelve years, the number of people earning 10 to 50 dollars per day has tripled from 33 to 90 million. … Read more

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