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   The number of passenger cars in circulation can act as a direct measure of the middle class in developing countries.

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About the International Economics Program

The Carnegie International Economics Program monitors and analyzes short- and long-term trends in the global economy, including macroeconomic developments, trade, commodities, and capital flows, drawing out their policy implications. The current focus of the program is the global financial crisis and its related policy issues. The program also examines the ramifications of the rising weight of developing countries in the global economy among other areas of research.

 
 
Source http://carnegieendowment.org/2012/07/23/car-index/fawh
 
Carnegie Endowment for International Peace
 
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