This person is no longer with the Carnegie Endowment.
Branko Milanovic is a lead economist in the World Bank's research department,where he has been working on the topics of income inequality and globalization. Previously, he was a World Bank country economist for Poland and a research fellow at the Institute of Economic Sciences in Belgrade. Since 1996, Milanovic has also served as a visiting professor teaching the economics of transition at the Johns Hopkins University's School for Advanced International Studies. He received his Ph.D. in economics in 1987 from Belgrade University.
As a senior associate on a two-year assignment with the Carnegie Endowment for International Peace's Global Policy Program, Milanovic focused his research on globalization and world income distribution, as well as the interaction between politics, reform, and inequality in transition countries. He remained an adjunct scholar with the Endowment until early 2010.
Selected Publications: Worlds Apart: Measuring International and Global Inequality (Princeton, 2005); Income and Influence: Social Policy in Emerging Economies, with Ethan Kapstein (Russell Sage, 2002); Inequality and Poverty During the Transition From Market Economy (World Bank, 1998).
Soaring inequality is front and center in the electoral debate. How does the inequality trend in the United States compare with other countries?
While analysts can quibble over the contributing factors to the financial meltdown, a deeper, more fundamental problem was the real cause: income inequality.
Although no one can yet predict the full implications of the financial crisis, it may have a silver lining for the U.S. if it is able to maintain its position of power while learning valuable lessons in humility. In the future, the U.S. may be more cautious about taking on massive debt, less reckless with its military spending, and more willing to cooperate on global problems.
Jeffrey Sachs's new book is the author's blueprint for how global society should solve mankind's most pressing problems: climate change, shortage of water, excessive population growth (compared to energy and food capacity of the Earth), diseases (including AIDS), poverty and U.S. foreign policy. The way to solve them is through international co-operation, led by the rich countries.
When new estimates of purchasing power parity were released last December, economic understanding of the world suddenly shifted: incomes in many emerging economies are significantly lower than previously thought. Branko Milanovic explains how this revelation will greatly affect our comprehension of poverty, global inequality, and the speed of economic growth.
It's become a cliché that globalization has brought both pain and gain. But in the general painting of the dark side of globalization, one aspect is frequently ignored: intensified trade and travel have enabled the rise of corrupt states that thrive on illegal businesses. Only by changing the rules of the global trade that allowed corrupt states to grow can this blot on globalization be removed.
Discussants addressed the challenges posed by globalization and the policies and institutions that will be needed to overcome them.
Two fears drive the West's unease with globalization: The first is a fear of job loss due to competition from low-wage countries. The second is the fear of ethnic and cultural dilution due to increased immigration.
Despite the promises made by globalization, in the last twenty years the world’s poorest countries have fallen further behind the rich. At a Carnegie event, Branko Milanovic and Sanjay Reddy of Columbia University discussed why the poorest countries have not caught up.
