The Globalization of Inequality

The Globalization of Inequality

Book - 2015
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In The Globalization of Inequality , distinguished economist and policymaker Fran#65533;ois Bourguignon examines the complex and paradoxical links between a vibrant world economy that has raised the living standard of over half a billion people in emerging nations such as China, India, and Brazil, and the exponentially increasing inequality within countries. Exploring globalization's role in the evolution of inequality, Bourguignon takes an original and truly international approach to the decrease in inequality between nations, the increase in inequality within nations, and the policies that might moderate inequality's negative effects.

Demonstrating that in a globalized world it becomes harder to separate out the factors leading to domestic or international inequality, Bourguignon examines each trend through a variety of sources, and looks at how these inequalities sometimes balance each other out or reinforce one another. Factoring in the most recent economic crisis, Bourguignon investigates why inequality in some countries has dropped back to levels that have not existed for several decades, and he asks if these should be considered in the context of globalization or if they are in fact specific to individual nations. Ultimately, Bourguignon argues that it will be up to countries in the developed and developing world to implement better policies, even though globalization limits the scope for some potential redistributive instruments.

An informed and original contribution to the current debates about inequality, this book will be essential reading for anyone who is interested in the future of the world economy.

Publisher: Princeton : Princeton University Press, [2015]
Edition: English edition.
ISBN: 9780691160528
069116052X
Characteristics: 210 pages : illustrations ; 23 cm

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1aa
Mar 23, 2016

Very readable, like five printed lectures; few graphs; a bit repetitive, and not very thorough. (I read it just after Milanovic's "worlds apart", which perhaps skews my judgement.)

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StarGladiator
Apr 25, 2015

This book [and author] is such pure bunkem! Formerly of the World Bank - - so we know what to expect! [Early on, the World Bank, under McCloy, denied loans to Guatemala, because they were practising land reform in order to build a middle class, to giving infrastructure loans to China, which China could easily afford, thereby allowing China to undertake the World Bank's political incorrect projects - - such as a canal through Nicaragua.] This author claims: // Because capital is scarcer than labor \\ Well, it is designed to artificially be that way! Unfettered global access to labor: offshoring of jobs and insourcing of foreign visa workers purposely drives down the wages! And also states: // As wealthy people are more likely to have income from capital \\ Again, the way it is designed to be! They who control the creation of money, rule! The author proposes watered-down socialism, instead of full-on socialism! [The pundits love to use the term, // the takeaway \\ a show by that name on NPR is underwritten by the Koch brothers, BTW - - the unofficial takeaway of this book is that the super-rich should be able to murder and steal without being demonized!]

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