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Global inequality of class to the country of residence of the proletarians to migrants

Listed author(s):
  • Milanovic, Branko

    ()

    (Russian presidental academy of national economy and public administration)

The inequality between the citizens of the world in the XIX century, at least half could be attributed to the difference in income between workers and owners of capital in a particular country. The real income of workers in most countries was about the same low level. That is what was the basis for the widespread acceptance of Marxism. After more than 150 years old, at the beginning of the XXI century, the situation changed dramatically: over 80% of global differences in income due to a significant gap between the average income in different countries, and the wages of unskilled workers in rich and poor countries often differ on the order. This is due to a new global political problem of migration, because the difference in income between the countries makes the migration extremely beneficial to the individual. The main problem of the near future will be to find an answer to this new challenge - assuming migration recognition of one of the most effective tools for reducing global poverty and inequality.

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Article provided by Russian Presidential Academy of National Economy and Public Administration in its journal Economic Policy.

Volume (Year): 1 (2016)
Issue (Month): (February)
Pages: 14-26

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Handle: RePEc:rnp:ecopol:ep1607
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  1. Stephen Broadberry & Bishnupriya Gupta, 2006. "The early modern great divergence: wages, prices and economic development in Europe and Asia, 1500-1800 -super-1," Economic History Review, Economic History Society, vol. 59(1), pages 2-31, February.
  2. Gordon H. Hanson, 2010. "International Migration and Human Rights," NBER Working Papers 16472, National Bureau of Economic Research, Inc.
  3. Maddison, Angus, 2007. "Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History," OUP Catalogue, Oxford University Press, number 9780199227204.
  4. Walmsley, Terrie L. & Winters, L. Alan, 2005. "Relaxing the Restrictions on the Temporary Movement of Natural Persons: A Simulation Analysis," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 20, pages 688-726.
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