By Walter Kemmsies, chief economist, Moffatt & Nichol
A few years ago the Organization for Economic Cooperation and Development (OECD) estimated the size of the world’s middle class and forecast how it would grow. (The OECD’s middle class forecast, along with the U.S. Census Bureau’s world population estimates, is shown in the corresponding chart.) According to the OECD study, published in 2010, the global middle class should be 75 percent larger in 2020 compared to 2010 and by 2030 164 percent larger…
The ultimate global logistics challenge
