Global Inequality: A New Approach for the Age of Globalization
| Author | : | |
| Rating | : | 4.55 (786 Votes) |
| Asin | : | 067473713X |
| Format Type | : | paperback |
| Number of Pages | : | 320 Pages |
| Publish Date | : | 2016-11-07 |
| Language | : | English |
DESCRIPTION:
A more open migration policy would reduce global inequality even further.Both American and Chinese inequality seems well entrenched and self-reproducing, though it is difficult to predict if current trends will be derailed by emerging plutocracy, populism, or war. For those who want to understand how we got where we are, where we may be heading, and what policies might help reverse that course, Milanovic’s compelling explanation is the ideal place to start.. One of the world’s leading economists of inequality, Branko Milanovic presents a bold new account of the dynamics that drive inequality on a global scale. But even as inequality has soared within nations, it has fallen dramatically among nations, as middle-class incomes in China and India have drawn closer to the stagnating incomes of the middle classes in the developed world. He also reveals who has been helped the most by globalization, who has been held back, and what policies might tilt the balance toward economic justice.Global Inequality takes us back hundreds of years, and as far around the world as data allow, to show that inequality moves in cycles, fueled by war and disease, technological disruption, access to education, and redistribution. The recent surge of inequality in the West has been driven by the revolution in technology, just as the Industrial Revolution drov
. Branko Milanovic is Senior Scholar at the Luxembourg Income Study Center, and Visiting Presidential Professor, Graduate Center, City University of New York
An immensely impressive and accurate analysis of wealth and income trends Milanovic has compiled and analyzed an immense amount of data in support of three propositions. First, the past few decades has witnessed the rise of a "global middle class," mostly in a "resurgent Asia" (although Africa and Latin American should not be ignored). Second, the globally relatively affluent by middle-income classes in the richest countries has seen their incomes stagnate. Finally, a "global p. Serge J. Van Steenkiste said The Rollercoaster of Global Inequality. Branko Milanovic focuses his thesis on the evolution of global inequality, especially during the past twenty-five years, within the framework of Kuznets waves. Simon Kuznets was thinking that inequality would decline and stay at that lower level after income became sufficiently high. The Kuznets wave has been going up again in the advanced economies since around 1980. Some emerging economies like China ar. O. Burnette said Mostly a superb book, but fails when it uses economic determinism to explain the start of World War I. Much of the book is absolutely superb, but I have one major quibble, which follows.The first 9Mostly a superb book, but fails when it uses economic determinism to explain the start of World War I O. Burnette Much of the book is absolutely superb, but I have one major quibble, which follows.The first 94 pages of "Global Inequality" are fascinating, but my admiration for the book came to a full stop ninety-five pages in when Milanovic starts his discussion of the causes of World War I. Rather than following Thomas Piketty's argument that the effects of the loss of capital during the two world wars drove down in. pages of "Global Inequality" are fascinating, but my admiration for the book came to a full stop ninety-five pages in when Milanovic starts his discussion of the causes of World War I. Rather than following Thomas Piketty's argument that the effects of the loss of capital during the two world wars drove down in
(Thomas Piketty, Paris School of Economics)This is a most unusual and stimulating book. (Angus Deaton, Princeton University)In this fascinating book, Milanovic is able to articulate the study of inequality between and within countries in the clearest possible way. (Vicky Pryce Prospect 2016-05-01)Milanovic believes that growing inequality within countries will not threaten capitalism as a system for allocating economic resources but will pose a serious threat to liberal democracy. (Jeff Kehoe Harvard Business Review 2016-07-01)This outstanding book adds significantly to recent works by Thomas Piketty, Anthony Atkinson and François Bourguignon. Cooper Foreign Affairs 2016-04-14)Milanovic offers us not just a plethora of facts about income inequality that will surely make his re