Finance / Russia
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EM Middle Class
April 2008 | Closing BellSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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One of BMI's core long-term themes - the emergence of an EM middle class - was underscored this week by US retailing giant Wal-Mart. Rising emerging market incomes are fostering an expansion of the global pool of consumers, enlarging the EM middle class, with significant consequences for developed and developing market company activity.