Research Information System
37th International Scientific Conference on Economic and Social Development - Socio Economic Problems of Sustainable Development, Baku, Azerbaijan, 14 - 15 February 2019, pp.1300-1312, (Full Text)
In different countries the growth of the middle class is considered as the main force of political and economic changes in society. On the basis of world experience, we can say that in a democratic society the formation and development of the middle class is considered the basis of the state, but in the authoritarian regime its is considered the main source of threat to the state or government. Studies show that there are socio-economic and political changes in the formation of the middle class in developing countries. Representatives of this class also act as a driving force in addressing important issues, such as increasing employment, creating new business areas, improving infrastructure, creating an attractive environment for mobilizing new resources and ensuring sustainable and proportional economic development for the long term period. In the paper factors affecting the formation of the middle class in developing countries will be grouped and their impact levels will be determined. At the same time, comparative analysis of the current situation in this area will be carried out, the characteristic features of formation of this layer in developing countries will be summarized and appropriate proposals will be given.