How unequal

In his book Global Inequality, Branko Milanovic, following in the footsteps of the celebrated economist Thomas Piketty, highlights two well-established trends in global inequality: 1. Inequality between countries has fallen with the growth of China and India 2. Inequality within countries has risen Left-wing politicians in India often rue the fact the growth in India has not been 'inclusive.' Insofar as it has benefitted the rich, disproportionately more than the poor, they are correct. The citizenship premium Milanovic examines the gains that immigrants receive from their crossing of borders. Using Congo as the base country, he calculates that a Congolese could multiply his or her income 92 times by moving to the USA. At the sam

This article was originally published on October 01, 2016.