The Rise of Mexico's Middle Class
Posted on Friday, January 31, 2014
Luis de la Calle, president of Hill+Knowlton Strategies Latin America and co-author of “Mexico: A Middle Class Society,” argues that the middle-class population has — contrary to common belief — become the majority in Mexico in a recent Wall Street Journal article exploring the institutional changes that lead to Mexico’s wealth accumulation.
A stable peso and freer trade have allowed the majority of Mexico’s population to escape poverty, contributing to the rise in the middle class over the last decade, which could also have major implications for North American stability.
Dr. de la Calle and Rubio write, "In Mexico, the middle class has felt the consequences of the financial crises more than any other social group. It's no coincidence that their political inclination is to be conservative and to reject any alternative that could destabilize their security."