Recent Trends in Global Income Distribution and Their Political Implications

This talk will discuss the evolution in global inequality over the past thirty years. We will focus on the most recent 2008–2018 estimates of global income distribution and draw out the political implications of the important changes that are taking place, particularly the rise of the middle class in Asia, income stagnation for the middle classes in the rich countries and their global "positional decline", and the slowdown in growth among the global top 1 percent in the wake of the 2008 financial crisis. The effects of COVID, the war between Russia and Ukraine, and trade tensions between the US and China will also be addressed, although the data on their effects are scarce as the shocks are ongoing.

Branko Milanović is a Serbian-American economist and former lead economist in the World Bank’s research department. A leading scholar in development and inequality, he is currently visiting presidential professor at the City University of New York.

In cooperation with Brave New Europe, the Rosa-Luxemburg-Stiftung and OXI.

We will stream the lecture live on YouTube. For the English original, please select the Helle Panke channel: https://youtu.be/8g71eS7qCwk

For the simultaneous translation into German, please use the channel of OXI: https://youtu.be/so_ULfe9NUU

Price: 2 euro (if attending in person)

Registration is mandatory