Measuring International and Global Inequality
By (author) Branko Milanovic
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Worlds Apart by Branko Milanovic
Book DescriptionWe are used to thinking about inequality within countries--about rich Americans versus poor Americans, for instance. But what about inequality between all citizens of the world? Worlds Apart addresses just how to measure global inequality among individuals, and shows that inequality is shaped by complex forces often working in different directions. Branko Milanovic, a top World Bank economist, analyzes income distribution worldwide using, for the first time, household survey data from more than 100 countries. He evenhandedly explains the main approaches to the problem, offers a more accurate way of measuring inequality among individuals, and discusses the relevant policies of first-world countries and nongovernmental organizations. Inequality has increased between nations over the last half century (richer countries have generally grown faster than poorer countries). And yet the two most populous nations, China and India, have also grown fast. But over the past two decades inequality within countries has increased. As complex as reconciling these three data trends may be, it is clear: the inequality between the world's individuals is staggering. At the turn of the twenty-first century, the richest 5 percent of people receive one-third of total global income, as much as the poorest 80 percent. While a few poor countries are catching up with the rich world, the differences between the richest and poorest individuals around the globe are huge and likely growing.
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Book DetailsISBN: 9780691130514
(229mm x 152mm x 14mm)
Imprint: Princeton University Press
Publisher: Princeton University Press
Publish Date: 2-Jan-2007
Country of Publication: United States
Books By Author Branko Milanovic
Global Inequality, Hardback (April 2016)
Branko Milanovic presents a bold account of the dynamics that drive inequality on a global scale. Using vast data sets, he explains the forces that make inequality rise and fall within and among nations over time. He reveals who has been helped by globalization, who has been hurt, andwhat policies might tilt the balance toward economic justice.
Haves and the Have Nots, Paperback (August 2012)» View all books by Branko Milanovic
One of the world's leading experts on global income distribution walks us through the quirks of wealth through the ages
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Author Biography - Branko Milanovic
Branko Milanovic is Lead Economist in the World Bank research department, working on income inequality and poverty. The author of "Income, Inequality, and Poverty during the Transition" and the coauthor of "Income and Influence: Social Policy in Emerging Market Economies", he is currently an associate scholar with the Carnegie Endowment for International Peace and a visiting professor at the School for Advanced International Studies, Johns Hopkins University.
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