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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.


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from World Politics Review..By Rodney Muhumuza  | The Associated PressApril 26, 2016 KAMPALA, Uganda (AP) — Uganda's hopes to produce crude oil by 2018 have been boosted by an agreement to build a pipeline to Tanzania's Tanga port, a government official said Tuesday. The agreement with Tanzania comes after months of uncertainty over which route the pipeline would take, said Bukenya Matovu, a spokesman for Uganda's energy ministry. The decision to build a pipeline was reached over
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Tagged in: Privatization
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Tagged in: Budgets
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from Balkan Insight.. By Sven Milekic | BIRN |Zagreb April 29, 2016 Croatia is raising the retirement age from 65 to 67, introducing rewards for public officials and a real estate tax - and adopting other reforms designed to boost growth and lure investors. Croatian government in session. Photo: Croatian government official website Croatia's government on Thursday passed a package of 60 reforms designed to boost growth, cut public debt, narrow the deficit, reduce unemployment and attract investment.
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