Book · 2016 · intro level
Global Inequality: A New Approach for the Age of Globalization
Branko Milanović
- Venue
- Belknap Press of Harvard University Press
- Link
- not available
Citation count not independently verified
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In plain language
Shifts from within-country to worldwide inequality, showing who gained from globalization 1988–2008: the global middle class (mostly China/emerging Asia) and the global top 1%, while the lower-middle of rich-country income distributions stagnated — the 'elephant curve.'
Technical summary
Builds on Lakner & Milanovic (2013) global income-distribution data to chart growth incidence by percentile of the world income distribution across two decades of globalization.
Key takeaways
- The 'elephant curve' is widely credited with helping explain populist backlash in rich-country lower-middle classes.