Global Inequality

Global Inequality

A New Approach for the Age of Globalization

Book - 2016
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"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. Drawing on vast data sets and cutting-edge research, he explains the benign and malign forces that make inequality rise and fall within and among nations. 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 drove inequality 150 years ago. 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. A more open migration policy would reduce global inequality even further. Both American and Chinese inequality seem 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."--Provided by publisher.
Publisher: Cambridge, Massachusetts : The Belknap Press of Harvard University Press, [2016]
ISBN: 9780674737136
Characteristics: ix, 299 pages : illustrations ; 22 cm


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Jun 19, 2016

This was a disappointing book. The author waffles on at length with examples refuting or supporting the Kuznets hypothesis that purports to explain inequality. There are lots of information and graphs of income and inequality comparing Gini coefficient. But there is little of real substance discussing such topics that have a bearing on inequality as governance, abundance of natural resources, the vision and leadership of leaders, corruption, religion and political systems. How to curb the iniquitously large salary payments to senior managers of large companies and financial institutions is not addressed.
There are better books available on the subject.

Apr 13, 2016

Negative, contrary to the description, this World Bank stooge is NOT one of the world's leading economists in inequality! No way! [Essentially, Milanovic acts as a fictional sanitizer.]
// The recent surge of inequality in the West has been driven by the revolution in technology, just as the Industrial Revolution drove inequality 150 years ago. \\
Pure bunkem! Suggest anyone interested in real economic and financial history - - which you won't get here - - is to read Michael Perelman's brilliant book:
The Invention of Capitalism, then to understand the mechanics of it all, read Ferdinand Lundberg's The Rich and the Super-Rich, and his other book, The Rockefeller Syndrome [old, but even more applicable today - - remember, the Philanthropy Roundtable is financed by the Kochs and their ilk, and they bring lawsuits to the US Supreme Court to hide the identities of // donors \\! Also, Donald Gibson's brilliant work, Wealth, Power and the Crisis of Laissez Faire Capitalism - - and finish with Michael Hudson's book, Killing the Host!


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