Thursday, April 6, 17:00
Changes in the global income inequality and their political implications
Historically, global inequality has followed three eras: the first, from 1820 until 1950, characterized by rising between country income differences and increasing within-country inequalities; the second, from 1950 to the last decade of the 20th century, with very high global and between-country inequality; and the current one of decreasing inequality thanks to the rise of Asian incomes, and especially so Chinese. The present era has seen the emergence of the global “median” class, reduced population-weighted gaps between nations, and the greatest reshuffling in income positions between the West and China since the Industrial Revolution. This lecture will raise the point whether global inequality will continue on its downward trend and discuss the potential political implications of it.
Branko Milanović is Research Professor at the Graduate Center City University of New York.
For almost 20 years he served as lead economist in the World Bank’s Research Department, focusing in his research mainly on inequality, both on country level and globally, including in preindustrial societies, and later his interest started to include also the economic and political effects of globalization.
Apart from publishing in leading scientific journals, he has published a number of internationally awarded books, such as Worlds Apart: Measuring International and Global Inequality (2005), The Haves and the Have-nots: Brief and Idiosyncratic History of Global Inequality (2011), Global Inequality (2016) and Capitalism, Alone (2019).
The lecture will be held in Serbian, at the Institute of Social Sciences in Belgrade, Kraljice Natalije 45, 1st floor. It will be moderated by Irena Ristić and last for 90 minutes (lecture and discussion).