Global inequality: Past, present, and future
On May 17, the Global Economy and Development program at Brookings hosted a panel on inequality that discussed the rising global middle class, global plutocrats, and whether our future will be one of class cleavages or rising shared prosperity.
Moderated by Brookings Vice President and Director of Global Kemal Derviş, the event kicked off with a presentation by economist Branko Milanovic of his book,”Global Inequality: A New Approach for the Age of Globalization,“ which explains the theoretical basis for studying inequality between and within countries.
“Ever-rising inequality looks a highly unlikely combination with any genuine democracy. It is to the credit of Milanovic’s book that it brings out these dangers so clearly, along with the important global successes of the past few decades,” wrote Financial Times columnist Martin Wolf in his review of the book.
Carol Graham, a senior fellow at Global, along with Eduardo Porter, a New York Times columnist, explored inequality and its relationship to poverty, public health, and well-being as well as how the phenomenon is linked to irrevocable changes in labor markets.
You can join the conversation using the hashtag #GlobalInequality.
In their recent book, “The New Localism,” Bruce Katz and Jeremy Nowak argue that cities and counties will be tested as never before in the coming years. They will need to innovate and reform—to pursue new strategies for growth and finance—in a fiscal environment dominated by rising health-care and pension costs. In these circumstances, the quality of metropolitan governance will matter more than ever.