Year: 2022
Author(s): Fundación Aru – Oxfam Bolivia
The middle classes have an important role in economic development and in reducing inequalities. Their greater propensity to save and invest and their consumption patterns favor economic growth. The middle classes are characterized by being a stable and qualified labor force whose demand pattern stimulates internal markets, generating greater growth in economic sectors. Likewise, it has been seen that there is a positive association between the growth of the middle class and economic growth mediated by the accumulation of human capital that characterizes this stratum.