Every country needs a growing and vibrant middle class, required for its economic development and its sociopolitical stability. The rise of the middle class has a multiplier effect—socially, politically and culturally, that a country should consider when creating its developmental path, vital to support the engine of growth. I argue that the middle class, as a social grouping existing within socioeconomic structures, possesses a complex and heterogeneous character, evident in developed economies from the time when social division of society became necessary, and when the creation of new socioeconomic structure appeared. The middle class performs, primarily, social and economic functions, endorsing or criticizing in-country policies. I further argue how the middle class acts as a socioeconomic guarantor of the progressive development in society, and how it also increases upward social mobility trend, encouraging the transition from one social layer to another. In the context of my thesis, I examine and build on how contemporary socioeconomic research references and employs the system of economic analysis of the position and role of middle class in the stratification of society matched against a key cross-cultural management (CCM) functionalist, dimensional paradigm of Geert Hofstede. I conclude that accounting for society’s sub-social challenges and cultural determinants has a central utility in devising development and growth.
Keywords: Middle Class Social Mobility Cultural Determinants Social Class Economic Development
|School:||The American University of Paris (France)|
|Department:||Cross-Cultural and Sustainable Business Management|
|Source:||MAI 56/02M(E), Masters Abstracts International|
|Subjects:||Economics, Social structure|
|Keywords:||Cultural determinants, Economic development, Middle class, Social mobility|
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