In recent years, the middle has become less stable, less predictable, and more elusive, writes Mohamed A El-Erian. Driven by structural changes, as well as lagging business and policy responses, the middle has been eroded – or is at risk – almost everywhere you look. Together with stable and trusted institutions, the middle class acted as a stabiliser for a more prosperous society. Is the erosion of the middle really inevitable? And they are deepening their understanding of accelerating structural changes associated with technology, the impact of China and other emerging economies, and the politics of anger.

Source: Irish Examiner March 27, 2018 23:03 UTC