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Branko Milanovic presents a bold new account of the dynamics that drive inequality on a global scale. Drawing on vast data sets and cutting-edge research, he explains the benign and malign forces that make inequality rise and fall within and among nations. He also reveals who has been helped the most by globalization, who has been held back, and what policies might tilt the balance toward economic justice. Global Inequality takes us back hundreds of years to show that inequality moves in cycles, fueled by war and disease, technological disruption, access to education, and redistribution. The recent surge of inequality in the West has been driven by the revolution in technology. But even as inequality has soared within nations, it has fallen dramatically among nations. A more open migration policy would reduce global inequality even further. Both American and Chinese inequality seems well entrenched and self-reproducing, though it is difficult to predict if current trends will be derailed by emerging plutocracy, populism, or war. For those who want to understand how we got where we are, where we may be heading, and what policies might help reverse that course, Milanovic's compelling explanation is the ideal place to start.
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You should read, rather than listen to, this book
I love audiobooks, so I do not say this lightly; you would probably be better of reading, rather than listening to, this book. The multitude graphs and data in Global inequality would probably be more easily proceeded visually. Also, the narrator was not very good.
As to the content: it was fine. The author makes some sold points (he foresees the resurgence of nationalism and populism that occurred in late 2016- this book was published in april 2016), and for those alone it is worth reading. But it has an undeniably left-wing bent, which is fine, but some people may find it grating.
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- Gabriel Mahabir
10/10 Would Recommend
Very original and interesting concepts raised in this book. As a budding economist, would definitely recommend. Anyone with a passion for Economics or who will like to see inequality issues solved, should definitely have a listen.