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."