Tuesday, September 11, 2007

Unbelievable Growth Is Just Beginning

The next boom


The act of paying relatively decent wages for the cost of living has spurred a new phenomenon in many formerly impoverished countries: a middle class. While that may not sound like a big deal to the average American, it is a huge deal for the rest of the world.

Taken as a whole, a solid middle class absolutely dwarfs the spending power of anyone else. While the ultra-rich may have a whole bunch of money, there are only so many of them around. To have a strong local economy, instead of simply an export-driven one, a country needs a solid middle class.

4 comments:

yogijp said...

http://www.fool.com/investing/general/2007/09/08/the-revelation-that-shocked-the-investment-world.aspx

yogijp said...

http://www.fool.com/personal-finance/general/2007/11/27/6-annoying-ways-to-build-wealth.aspx?source=iflfollnk0000003

http://www.fool.com/investing/value/2007/11/26/the-greatest-investment-quotes-of-all-time-part-1.aspx?source=iflfollnk0000003

http://www.fool.com/investing/international/2007/11/23/profit-from-the-next-economic-superpower.aspx?source=iflfollnk0000003

yogijp said...

http://www.fool.com/investing/small-cap/2007/12/01/warren-buffetts-humorous-threat.aspx

yogijp said...

A Market Crash is Coming
http://www.fool.com/investing/dividends-income/2007/12/08/a-market-crash-is-coming.aspx