Economic Rebalancing and Service Delivery Efficiency

Russia outperformed other BRICS in middle class growth... Middle-class growth in the BRICs, circa 1980-2010 60 60 50 50 40 40 30 30 Middle class, percentage of population 20 20 10 10 0 1975 1980 1985 1990 1995 2000 2005 2010 Brazil India Russian Federation China Latin America and the Caribbean THE WORLD BANK IBRD IDA WORLD BANK GROUP Source: World Bank, Economic Mobility and the Rise of the Latin American Middle Class, 2013 5

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