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Growth of the Global Middle Class - Coggle Diagram
Growth of the Global Middle Class
Economic Impact
Demand for consumer goods e.g. cars, phones
In developing countries, consumption Is growing at rates of around 6 to 10 percent per year
Demand for meat
Increased food waste, e-waste
Increase global trend
Increase In Industrial production, globalisation
Increase In market
Increase In annual spendings
The middle class will spend $29 trillion more per year by 2030, accounting for roughly 1/3 of the global economy.
Environmental Impact
Increase global CO2 emission due to an Increase In consumerism
Increase In tourism, transportation, and power generation, Increasing the quantity of pollution released
Increase In standards of living, which may lead to an Increase In Infrastructure and urbanisation, causing deforestation and destroying green land
Political Impact
Fewer two.party political systems
An Increase In the quantity of women In Important positions
Increase countries with democracies
Increase In the role of women In politics
Curtural Impact
Decrease In the traditions held In a community
More women In the workforce
Fewer child marriages
Less strict cultural obligations
People more open to other cultures
Less Inequalities towards women
Demographic Impact
Around 2020, the middle class will become a majority of the global population for the first time
The middle class will represent around 4.2 billion people In 2022
On average, 160 million people will join the middle class annually for the next 5 years
Increase In more technologically connected social Individuals, who have more purchasing power, more education, more Information, and more awareness of their rights are a source of Immense pressure on their respective governments.
Spatial Impact
Increase Interactions between countries and governments
Increase In Interactions between organisations
Increase In the proportion of middle class In Asia
88% of the next billion entrants Into the middle class will be In Asia, representing 2/3 of the global middle class population