The Formation of the Middle Class as a Way to Overcome Economic Inequality (Analyzing the International Experience)

Askar Akaev (), Askar Sarygulov and Valentin Sokolov
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Askar Akaev: Saint Petersburg State University
Askar Sarygulov: Saint Petersburg State University
Valentin Sokolov: Saint Petersburg State University

Ekonomicheskaya Politika / Economic Policy, 2012, 102—117

Abstract: The processes of economic development in both developed and developing countries over the last decade have been uneven. There are many reasons for this uneven development, but one of the core is a structural imbalance. Disparities in the sectoral development and structure of employment cause extremely painful impact on the rates of economic development, and as a consequence, the social status of different population groups. Most vividly all this is reflected in the processes of distribution and redistribution of income, since the processes of social, financial and economic inequality with a cumulative nature, can cause profound processes of turbulent nature. In this context, the important role of the middle class as a stabilizing element of social development is shown. This paper, basing on extensive statistical material, as well as publications in international journals, examines the economic definition of the boundaries of the middle class, the mechanisms of leveling the economic inequality based on income redistribution and the various tax systems, directly or indirectly influence the development of the middle class in developed countries.

Keywords: economic growth; social stratification; middle class; economic inequality; income differentiation; economic policy (search for similar items in EconPapers)
Date: 2012
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