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Worlds Apart Branko Milanovic

Worlds Apart By Branko Milanovic

Worlds Apart by Branko Milanovic


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Condition - Very Good
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Summary

We 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? This work addresses how to measure global inequality among individuals, and shows that inequality is shaped by complex forces often working in different directions.

Worlds Apart Summary

Worlds Apart: Measuring International and Global Inequality by Branko Milanovic

We 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.

Worlds Apart Reviews

The history of world inequality is a fascinating subject, and Branko Milanovic's very readable book uses this as a backdrop to explain the problems of measuring inequality when we look across different countries... [I]t is certainly an interesting read. -- Huw Dixon Times Higher Education Supplement A lead economist at the World Bank, Branko Milanovic has written probably the most comprehensive, thorough and balanced assessment yet of global inequality... Milanovic makes a powerful and distressing argument for the intractability of inequality. His expertise and integrity inform every page. mas Homer-Dixon,The Globe and Mail Branko Milanovic masterfully explores standard and new measures of income inequality among nations and among individuals, extraterritorially... The work should be required reading for anyone involved in social and economic research and policy relating to income inequality worldwide. Choice Branko Milanovic makes a difficult subject remarkably accessible. His expertise and intellectual integrity inform every page. -- Thomas Homer-Dixon Toronto Globe and Mail Worlds Apart offers a thorough description of relative inequalities in the world, and does so by setting research quality standards to which future studies should be held. -- Camelia Minouiu Ethics and International Affairs

About 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.

Table of Contents

Acknowledgments vii Prologue: The Promise of the Twentieth Century 1 Introduction: A Topic Whose Time Has Come 3 PART I: SETTING THE STAGE Chapter 1: The Three Concepts of Inequality Defined 7 Chapter 2: Other Differences between the Concepts 12 Chapter 3: International and World Inequality Compared 20 PART II: INEQUALITY AMONG COUNTRIES Chapter 4: Rising Differences in Per Capita Incomes 31 Chapter 5: Regional Convergence, Divergence, or ... Vergence 45 Chapter 6: The Shape of International GDP Per Capita Distribution 51 Chapter 7: Winners and Losers: Increasing Dominance of the West 61 PART III: GLOBAL INEQUALITY Chapter 8: Concept 2 Inequality: Decreasing in the Past Twenty Years 85 Chapter 9: High Global Inequality: No Trend? 101 Chapter 10: A World without a Middle Class 128 PART IV: CONCLUDING COMMENTS Chapter 11: The Three Concepts of Inequality in Historical Perspective 139 Chapter 12: Why Does Global Inequality Matter and What to Do about It? 149 Appendixes 1-7 163 Notes 195 References 213 Index of Authors 223 Index of Subjects 225

Additional information

GOR008608289
9780691121109
0691121109
Worlds Apart: Measuring International and Global Inequality by Branko Milanovic
Used - Very Good
Hardback
Princeton University Press
20050529
240
Runner-up for Choice Magazine Outstanding Reference/Academic Book Award 2005
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Worlds Apart