Branko Milanović

Senior Scholar Visiting Presidential Professor Branko Milanovic

Setting the stage : The Three Concepts of Inequality Defined - Other Differences between the Concepts - International and World Inequality Compared / - Inequality among countries: Rising Differences in Per Capita Incomes - Regional Convergence, Divergence, or ... ''Vergence'' - The Shape of International GDP Per Capita Distribution - Winners and Losers: Increasing Dominance of the West / - Global inequality: Concept 2 Inequality: Decreasing in the Past Twenty Years - High Global Inequality: No Trend? - A World without a Middle Class / - Concluding comments: The Three Concepts of Inequality in Historical Perspective - Why Does Global Inequality Matter and What to Do about It?

Measuring International and Global Inequality

Worlds Apart

Branko Milanovic

This book starts from the premise that economic liberalization - reduced state interference in economic life - is the common element in the current trend towards privatization and deregulation in the West and economic reform and restructuring in the East. In popular parlance, "privatization" and "perestroika" are its watchwords, Margaret Thatcher and Mikhail Gorbachev its heralds. But the specific character of the liberalization will be determined by the social characteristics of different societies. In order to study the reform process in the two systems, it is necessary to dispose of a general conceptual framework capable of embracing both a (predominantly) market economy and a (predominantly) centrally planned economy. The key objective of this work is to provide such a unified framework, and on that basis to analyze the policy conflicts that dominated both systems in the 1980s and the prospects for further change in the years ahead.

Senior Scholar Visiting Presidential Professor Branko Milanovic

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