Global inequality : a new approach for the age of globalization / Branko Milanovic.

by Milanović, Branko [author.]Looking glass.

Publisher: Cambridge, Massachusetts ; The Belknap Press of Harvard University Press, 2016.Description: ix, 299 pages : illustrations, maps (black and white) ; 23 cm.ISBN: 9780674737136 ; 067473713X.Subject(s): EqualityLooking glass | Income distributionLooking glass | Globalization -- Social aspectsLooking glass | Globalization -- Economic aspectsLooking glassNote: Includes bibliographical references and index.
Item type Home library Collection Class number Status Date due Barcode Item reservations
Long loan London College of Communication
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Printed books 330.9 MIL (Browse shelf (Opens below)) Available 54202756
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Enhanced descriptions from Syndetics:

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 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.

Includes bibliographical references and index.

Table of contents provided by Syndetics

  • Acknowledgments (p. vii)
  • Introduction (p. 1)
  • 1 The Rise of the Global Middle Class and Global Plutocrats (p. 10)
  • 2 Inequality within Countries (p. 46)
  • Introducing Kuznets Waves to Explain Long-Term Trends in Inequality
  • 3 Inequality among Countries (p. 118)
  • From Karl Marx to Frantz Fanon, and Then Back to Marx?
  • 4 Global Inequality in This Century and the Next (p. 155)
  • 5 What Next? (p. 212)
  • Ten Short Reflections on the Future of Income Inequality and Globalization
  • Notes (p. 241)
  • References (p. 265)
  • Index (p. 283)

Reviews provided by Syndetics

CHOICE Review

Milanovic (Graduate Center, CUNY), a leading scholar with an indefatigable passion for the study of inequality, plumbs the research on the topic and makes it accessible to anyone interested in such deep questions as these: Why is inequality soaring? Will the poor ever catch up with the rich? Will inequality self-destruct? Will the 1 percent gobble everything up? Is capitalism rigged to benefit the rich? Answers are pivotal in the study of the evolution of the human condition. The author's main organizing construct is the Kuznets curve of economics, which connects income inequality and the per capita income of countries. If the Kuznets curve is the product of a causal connection between the two, then inequality should decline as a country becomes richer: recent data suggests otherwise. Could there be a dynamic evolution, a wave of Kuznets curves, at play? How else can one reconcile the rise and fall of within-country inequality and the convergence of per capita incomes across broad country categories? This engaging read, much in the style of Anthony Atkinson's Inequality (CH, Sep'15, 53-0340), patiently takes readers forward through a century of data, organizing it all with the lenses of modern economics. The author ends on a hopeful note, even if the future he describes is not. Summing Up: Highly recommended. All levels/libraries. --Joydeep Bhattacharya, Iowa State University

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