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Global Income Inequality: What It Is And Why It Matters?

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  • Branko Milanovic

    (World Bank)

Abstract

The paper presents a non-technical summary of the current state of debate on the measurement and implications of global inequality (inequality between citizens of the world). It discusses the relationship between globalization and global inequality. It shows why global inequality matters and proposes a scheme for global redistribution.

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File URL: http://128.118.178.162/eps/hew/papers/0512/0512001.pdf
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Bibliographic Info

Paper provided by EconWPA in its series HEW with number 0512001.

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Length: 35 pages
Date of creation: 24 Dec 2005
Date of revision:
Handle: RePEc:wpa:wuwphe:0512001

Note: Type of Document - pdf; pages: 35
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Web page: http://128.118.178.162

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Keywords: Globalization; inequality; aid;

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References

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  7. Galí, Jordi & Monacelli, Tommaso, 2002. "Monetary Policy and Exchange Rate Volatility in a Small Open Economy," CEPR Discussion Papers 3346, C.E.P.R. Discussion Papers.
  8. Branko Milanovic, 2003. "The Ricardian Vice: Why Sala-i-Martin’s calculations of world income inequality are wrong," HEW 0305003, EconWPA.
  9. Branko Milanovic, 2005. "Can We Discern the Effect of Globalization on Income Distribution? Evidence from Household Surveys," World Bank Economic Review, World Bank Group, vol. 19(1), pages 21-44.
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  20. Chotikapanich, Duangkamon & Valenzuela, Rebecca & Rao, D S Prasada, 1997. "Global and Regional Inequality in the Distribution of Income: Estimation with Limited and Incomplete Data," Empirical Economics, Springer, vol. 22(4), pages 533-46.
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Citations

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Cited by:
  1. Chilosi, Alberto, 2008. "Poverty, Population, Development In Historical Perspective," MPRA Paper 7214, University Library of Munich, Germany.
  2. Ronald Hill & Justine Rapp, 2009. "Globalization and Poverty: Oxymoron or New Possibilities?," Journal of Business Ethics, Springer, vol. 85(1), pages 39-47, February.
  3. Hugo Ñopo & Giorgina Pizzolitto & José Cuesta, 2007. "Using Pseudo-Panels to Measure Income Mobility in Latin America," Research Department Publications 4557, Inter-American Development Bank, Research Department.
  4. Spiros Bougheas & Rod Falvey, 2011. "The Impact of Financial Market Frictions on Trade Flows, Capital Flows and Economic Development," CESifo Working Paper Series 3321, CESifo Group Munich.
  5. King, Elizabeth M. & Montenegro, Claudio E. & Orazem, Peter, 2010. "Economic Freedom, Human Rights, and the Returns to Human Capital: An Evaluation of the Schultz Hypothesis," Staff General Research Papers 31641, Iowa State University, Department of Economics.
  6. Spiros Bougheas & Rod Falvey, 2009. "The impact of financial market imperfections on trade and capital flows," EconoQuantum, Revista de Economia y Negocios, Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia., vol. 6(1), pages 91-110, Julio - D.
  7. Kenneth Harttgen & Stephan Klasen, 2010. "A Household-Based Human Development Index," Human Development Research Papers (2009 to present) HDRP-2010-22, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).
  8. Branko Milanovic, 2012. "Global inequality recalculated and updated: the effect of new PPP estimates on global inequality and 2005 estimates," Journal of Economic Inequality, Springer, vol. 10(1), pages 1-18, March.
  9. Hugo Ñopo & Giorgina Pizzolitto & José Cuesta, 2007. "Usando pseudopaneles para medir la movilidad del ingreso en América," Research Department Publications 4558, Inter-American Development Bank, Research Department.
  10. Leandro Prados de la Escosura, 2007. "International inequality and polarization in living standards, 1870-2000 : evidence from the Western World," Working Papers in Economic History wp07-05, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
  11. Bussolo, Maurizio & De Hoyos, Rafael E. & Medvedev, Denis & van der Mensbrugghe, Dominique, 2007. "Global growth and distribution : are China and India reshaping the world?," Policy Research Working Paper Series 4392, The World Bank.
  12. Atayev, Atabek, 2013. "On the Earliest Economic Growth and Income Inequality; or Modified Old Philosophical, Forgotten or Ignored, Study Reconsidered and Developed," MPRA Paper 45448, University Library of Munich, Germany.
  13. Hajo Holzmann & Sebastian Vollmer & Julian Weisbrod, 2007. "Income Distribution Dynamics and Pro-Poor Growth in the World from 1970 to 2003," Ibero America Institute for Econ. Research (IAI) Discussion Papers 161, Ibero-America Institute for Economic Research.
  14. Andrea Brandolini, 2007. "Measurement of income distribution in supranational entities: the case of the European Union," Temi di discussione (Economic working papers) 623, Bank of Italy, Economic Research and International Relations Area.
  15. Francisco Rodriguez & Arjun Jayadev, 2010. "The Declining Labor Share of Income," Human Development Research Papers (2009 to present) HDRP-2010-36, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).

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