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

Screen_Shot_2016-05-01_at_1.42.52_PM.png

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.

READ MORE

Frontier Markets Returns

 Screen_Shot_2016-05-05_at_11.21.51_AM.png

 

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.
b2ap3_thumbnail_Screen-Shot-2016-05-23-at-1.49.28-PM.png
from the Financial Times.. By Annabel Cook May 23, 2016 US President Barack Obama (C-L) and Vietnam’s President Tran Dai Quang (C-R) review an honor guard at the Presidential Palace in Hanoi, Vietnam [FMC's Managing Edior, John Kornet, stood on those steps when visiting Hanoi in December 2010] Link to the picture: https://next.ft.com/content/ac08f232-1878-3483-9793-da92124002fa
b2ap3_thumbnail_Screen-Shot-2016-05-23-at-1.35.22-PM.png
from the Financial Times.. By Michael Peel in Bangkok and Geoff Dyer in Washington May 23, 2016 Latest push to keep Chinese territorial ambitions in check Barack Obama, left, and Tran Dai Quang in front of a statue of Ho Chi Minh at Hanoi's presidential palace © AFP The US has ended a 50-year arms embargo on Communist Vietnam in the latest push to strengthen opposition to Chinese territorial ambitions in Asia’s seas. President Barack Obama used
from Merco Press. May 23, 2016 Paul McCartney at the end of his latest Argentine tour, in Cordoba and La Plata, thanked all his fans for a great week and for being so loyal. In a brief message, from Time 4 Fan, the former Beatle who has played in Argentina several times underlined that “we always like it in Argentina, because they like us”, and because “it really helps us when we see that you like
b2ap3_thumbnail_Screen-Shot-2016-05-23-at-1.23.45-PM.png
from a Financial Times Editorial.. May 22, 2016 In laying old conflicts to rest, there is a risk of stoking new ones © AP Barack Obama is the third US president to visit Vietnam since the withdrawal of US troops in 1973. His trip this week is nonetheless replete with historic resonance as Washington consolidates its strategic pivot to Asia and makes common cause with a former wartime enemy against China’s aggressive claims to the South
b2ap3_thumbnail_Screen-Shot-2016-05-23-at-1.12.33-PM.png
from the Financial Times.. By Heba Saleh in Cairo May 22, 2016 Decision marks another milestone in only success story of the Arab uprisings Tunisia’s Nahda party, a member of the governing coalition and the biggest force in parliament, has ditched its ‘Islamist’ label, saying it would end its religious activities and devote itself solely to politics. The change, adopted in a vote by an overwhelming majority of delegates at a weekend party conference, is unprecedented in
b2ap3_thumbnail_Screen-Shot-2016-05-23-at-12.57.52-PM.png
from The Wall Street Journal.. By JAMES HOOKWAY May 22, 2016 Singer Mai Khoi is one of many candidates barred from running by Vietnam’s ruling Communist Party Mai Khoi performed in Hanoi on Saturday. The singer was barred from running in Sunday’s elections for Vietnam’s National Assembly. PHOTO: REUTERS HANOI—Mai Khoi wasn’t allowed to take part in Vietnam’s showpiece elections Sunday. Like most independent candidates trying to get a foot in the door of Vietnam’s rubber-stamp
from The New York Times..By CARLOTTA GALLMay 21, 2016 PRISTINA, Kosovo — Every Friday, just yards from a statue of Bill Clinton with arm aloft in a cheery wave, hundreds of young bearded men make a show of kneeling to pray on the sidewalk outside an improvised mosque in a former furniture store. The mosque is one of scores built here with Saudi government money and blamed for spreading Wahhabism — the conservative ideology dominant in Saudi Arabia
b2ap3_thumbnail_Screen-Shot-2016-05-22-at-4.20.43-PM.png
from The Washington Post..By Hugh NaylorMay 21, 2016 A view shows the construction of the King Abdullah Financial District in Riyadh, Saudi Arabia. (Faisal Al Nasser/Reuters) BEIRUT — Persistently low oil prices appear to be taking a heavy toll on Saudi Arabia, spurring rare labor unrest as the kingdom’s rulers pursue radical changes to stabilize the economy. Companies in the oil-exporting country have been forced to shed tens of thousands of employees in recent months. The government, in turn, has imposed
b2ap3_thumbnail_Screen-Shot-2016-05-22-at-3.48.52-PM.png
from The Washington Post..By David NakamuraMay 21, 2016 Vietnamese photographer Kieu Tri Huy displays an advertising poster of his studio featuring images of President Obama on Saturday in Hanoi. The poster reads, “Fast service photos.” (Kham/Reuters) In a campaign season that has renewed public anxiety about U.S. job losses to China, one Michigan shoe company stands as a stark example of how the economic dynamics are changing quickly in Asia.  Wolverine Worldwide exemplifies a sharp shift among American
b2ap3_thumbnail_Screen-Shot-2016-05-23-at-10.21.35-AM.png
from BBC News..By Kim GhattasBBC NewsMay 20, 2016 Mustafa Badreddine was widely mourned in Lebanon When thousands of mourners gathered in the southern suburbs of Beirut last week to bury top Hezbollah commander Mustafa Badreddine, who was killed in Syria, they repeatedly chanted "Death to al Saud".  The Shia militant group backed by Iran and fighting alongside Bashar al-Assad's forces in Syria, said Badreddine's death "was the result of artillery bombardment carried out by takfiri groups in the