linkedin facebook twitter

img 2.jpg

News & Commentary

Editor’s Corner

Editor's Choice

Global Inequality: A New Approach for the Age of Globalization by Branco Milanovic


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.


Frontier Markets Returns



Frontier Markets News

recommended by the editors.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
from Quartz.. By Lily Kuo May 26, 2016 The London Marathon's first and second place winners, Eliud Kipchoge and Stanley Biwott, both from Kenya. (Reuters/Andrew Boyers) For years, runners and scientists have been trying to understand why a developing east African country of 43 million produces the vast majority of the world’s top long-distance runners. Kenya has dominated most of the world’s major long-distance races since the 1980s, winning more than 50 Olympic medals. A Kenyan
from The New York Times.. By JONATHAN GILBERT May 28, 2016 At Argentina’s embassy in Montevideo, Uruguay, relatives and victims of South American military dictatorships listened Friday to the sentencing in the Operation Condor trial. Credit Pablo Porciuncula/Agence France-Presse — Getty Images BUENOS AIRES — Time has not clouded Gustavo Molfino’s recollection of a frantic telephone conversation on June 12, 1980. “Save yourself, because you have your life ahead of you,” his mother told him that day. Moments
from The New York Times.. By JANE PERLEZ May 28, 2016 Huynh Anh Dung, 34, at his family farm in Soc Trang Province, Vietnam. His rice crop failed in February because of salty water. Credit The New York Times SOC TRANG, Vietnam — When the rice shoots began to wither on Lam Thi Loi’s farm in the heart of the Mekong Delta, a usually verdant region of Vietnam, she faced a hard choice: Let them die in the
from Quartz.. By Yomi Kazeem May 27, 2016 You won't be seeing too many these in Nigeria. (Reuters/Bobby Yip) Nigerian businesses with ambitions of being drone operators are now expected to have registered companies with minimum a share capital of 20 million naira ($100,000) according to new regulations. In addition, drone operators will pay a non-refundable processing fee of 500,000 naira ($2,500) after which they will have to secure a security clearance from the office of
from Quartz.. By Lydia Namubiru May 27, 2016 A cancer patient in Ghana. (Reuters/Olivier Asselin) Over the past two months, Carol Atuhirwe has become the face of Uganda’s broken cancer treatment facilities. The 29-year-old, was diagnosed with throat cancer five years ago, and has spent the years in and out of the country’s only cancer treatment facility. You could say she has received aggressive treatment for the disease. She says she has had 36 surgeries. Her
from the Daily Star (Pakistan)..May 26, 2016 Bangladesh has failed to create adequate jobs despite higher economic growth in recent years, the Centre for Policy Dialogue said yesterday. The independent think-tank said the economy is estimated to register 7 percent growth in the outgoing fiscal year, largely supported by the pay hike of public employees, after maintaining more than 6 percent growth in the past decade. But the economic growth, particularly since 2013, could not result in
from The Financial Times.. By David Pilling May 25, 2016 Paul Kagame wants to forge a sense of national identity from the ashes of genocide © AFP You get the feeling that nothing moves in Kigali, Rwanda’s prim and tidy capital, without Paul Kagame’s say-so. On the drive in from the airport, not a leaf on the palm trees, nor a flower on the intricate floral arrangements, is out of place. There are no slums on the
from the Financial Times.. By Sam Jones in Tallinn May 26, 2016 Inadequate weapons systems leave Nato members vulnerable to lightning strike, says defence chief US troops set up a launching station for a Patriot air and missile defence system at a test range in Sochaczew, Poland © AFP Patriot missiles are needed in the Baltic states to deter a Russian invasion, Estonia’s defence chief has warned. As Nato agonises over proposals to deploy four battalions in
from Bloomberg Technology.. By Bella Genga  May 26, 2016 • Drivers with 4.6 Uber rating, 500 rides eligible for car loans • Uber sees 3,000 new drivers in country by end of this year   Uber Technologies Inc. drivers in Kenya have an additional incentive to go the extra mile: a local bank is offering them car loans based on how clients rate their service. Sidian Bank Ltd., a closely held Kenyan lender, has set aside 10 billion shillings
from Merco Press.. May 26, 2016 Argentina's cabinet chief Marcos Pena said president Mauricio Macri administration was “100% in agreement” with the Catholic church 25 May Day message “to leave aside statistics, think in the Argentine people and not fight among ourselves”. On Wednesday morning president Macri, the first lady, the cabinet and other top officials attended the Tedeum at Buenos Aires Cathedral as part of the celebrations of 25 May 1810, the so called May
Tagged in: Merco Press Religion