Branko Milanović: Recent trends in global income distribution and their political implications

The talk discussed the evolution in global income inequality and its political implications; in particular, the rise of the middle class in Asia, income stagnation of the rich countries’ middle classes, with special emphasis on the current European situation, migration as part of globalization, and the emergence of global plutocracy (global top 1 percent).

Branko Milanović is a Serbian-American economist and former lead economist in the World Bank´s research department. A leading scholar in development and inequality, he is currently visiting presidential professor at the City University of New York.

[jimmyliu]

It will be great to see an updated “elephant graph” to see how we progress or not after the financial crisis.