Branko Milanović

"For the first time in history, the globe is dominated by one economic system. Capitalism prevails because it delivers prosperity and meets desires for autonomy. But it also is unstable and morally defective. Surveying the varieties and futures of capitalism, Branko Milanovic offers creative solutions to improve a system that isn't going anywhere"--

The Future of the System That Rules the World

Capitalism, Alone

Küresel Eşitsizlik

This volume brings together the most significant modern contributions to the literature on globalization and inequality. The editor's selection, set in context by an authoritative introduction, uses broad analyses and important case studies to illustrate the impact on levels of inequality of previous periods of globalization and of the current era of globalization. The collection further focuses on the issues of openness and inequality, and concludes with several benchmark papers that examine global levels of inequality. This timely book will be an invaluable resource for anyone concerned with this vital relationship, including teachers, doctoral students and researchers.

Globalization and Inequality

The paper provides a detailed review of Thomas Piketty's book "Capital in the 21st century." It focuses on the new contributions of the book, and in particular on its unified treatment of economic growth, functional income distribution, and concentration of personal income. It concludes that Piketty's reinvigoration of classical and empircally-drven approach is likely to have a profound impact on economics.

Review of Thomas Piketty's Capital in the 21st Century

The Return of "patrimonial Capitalism"

World Bank

Branko Milanovic

The collapse of Communism proved to be an epoch of great turmoil. The period witnessed dramatic declines in income, growing poverty and unemployment, and great uncertainty, but also the making of great fortunes, the availability of consumer goods of incomparably better quality, and opportunities for people to control and alter their lives. This book studies income, inequality, and poverty during this remarkable period and the "construction" of capitalism in eighteen former socialist countries--from the Czech Republic in the West to Kazakhstan and Russia in the East. It examines what has happened to the real incomes of the population, to the inequality with which incomes and expenditures are distributed, and to poverty and explores reasons for these changes.

Income, Inequality, and Poverty During the Transition from Planned to Market Economy

Is Inequality in Africa Really Different?

Ante Kovačić

Dimitrije Vučenov

U registraturi

Senior Scholar Visiting Presidential Professor Branko Milanovic

Setting the stage : The Three Concepts of Inequality Defined - Other Differences between the Concepts - International and World Inequality Compared / - Inequality among countries: Rising Differences in Per Capita Incomes - Regional Convergence, Divergence, or ... ''Vergence'' - The Shape of International GDP Per Capita Distribution - Winners and Losers: Increasing Dominance of the West / - Global inequality: Concept 2 Inequality: Decreasing in the Past Twenty Years - High Global Inequality: No Trend? - A World without a Middle Class / - Concluding comments: The Three Concepts of Inequality in Historical Perspective - Why Does Global Inequality Matter and What to Do about It?

Measuring International and Global Inequality

Worlds Apart

This book starts from the premise that economic liberalization - reduced state interference in economic life - is the common element in the current trend towards privatization and deregulation in the West and economic reform and restructuring in the East. In popular parlance, "privatization" and "perestroika" are its watchwords, Margaret Thatcher and Mikhail Gorbachev its heralds. But the specific character of the liberalization will be determined by the social characteristics of different societies. In order to study the reform process in the two systems, it is necessary to dispose of a general conceptual framework capable of embracing both a (predominantly) market economy and a (predominantly) centrally planned economy. The key objective of this work is to provide such a unified framework, and on that basis to analyze the policy conflicts that dominated both systems in the 1980s and the prospects for further change in the years ahead.

Dynamics of Reform in Socialism and Capitalism

Liberalization and Entrepreneurship

Ethan B. Kapstein

This book seeks to contribute to the ongoing debate over the role of social policy in emerging markets and postcommunist transition economies, with a focus on Latin America, East Asia, and the former Soviet bloc. The authors argue that poverty reduction has not been the major objective of social policy in these countries, or even of the international financial institutions that are important providers of loans and advice to them. Instead, the main purpose of these programs has been to help smooth the consumption patterns of those formal soctor workers who feared that economic liberalization would reduce their incomes and job prospects.

Branko Milanović

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