Book Review: Global Inequality: A New Approach for the Age of Globalization by Branko Milanovic

THE LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE - May 25th, 2016 

In Global Inequality: A New Approach for the Age of Globalization, Branko Milanovic offers a new account of the dynamics that are driving inequality on a global scale. Although left slightly frustrated by its abrupt end, Duncan Green praises this brilliant and thought-provoking book for its political curiosity and insight and, more particularly, for its reflections on the possible trajectory of inequality in the twenty-first century. 
Global Inequality: A New Approach for the Age of Globalization. Branko Milanovic. Harvard University Press. 2016.

Some of my favourite development economists are nomads, people with feet in different regions, which seems to make them better able to identify interesting patterns and similarities/differences between countries. This includes Ha-Joon Chang (Korea/UK), Dani Rodrik (Turkey/US) and now Branko Milanovic (Serbia/US), whose latest book, Global Inequality: A New Approach for the Age of Globalization, is a brilliant and thought-provoking essay stuffed with enough graphs to satisfy the numerati, anecdotes for the general reader and political insights for the policy wonks. Read it.
Milanovic is best known for his number crunching, in particular his great graph of where the money from global growth went between 1988-2008. There’s no better way of showing the simultaneous rise of the emerging world (mainly Asian) middle class and the global plutocracy, accompanied by the hollowing out of the Western middle class and the neglect of the poorest.

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