This one is a longer read than my usual reviews. So maybe sit down with a beer or a coffee. Here’s a taste—as you can see, I’ve got questions for historians, for economists, and for methodological navel-gazers!
No data here use approximations, extrapolation, guesses and the like. They are all based on documented national and IMF/World Bank data.)
What is the bottom line?
The period when mostly Chinese growth had driven global inequality down has come to an end.
but has now stalled. This is an important fact b/c Concept 2 inequality is the most important factor in determining what happens to inequality among all 8+ billion people in the world.
but has now stopped decreasing and in the last available year (2023) it even went slightly up.
(Concept 3 ineq is not available annually b/c many countries do not produce survey data every year. So, we have to use a benchmark year, approximately every five years.
Look at the dots.
Curing U.S. Healthcare -- read Part I of @pkrugman.bsky.social's series, originally published in his Substack newsletter and now on the Stone Center site, to learn about why markets can’t be trusted to deliver healthcare, routes to universal healthcare, and what works.
Angus Bylsma
Part I of Stone Center Senior Scholar Paul Krugman’s three-part series on the U.S. healthcare system, originally posted in his Substack newsletter, discusses why markets can’t be trusted to deliver he...
The mother of all inequality disputes. (All data are in PPPs and on per capita basis; all measures are in Ginis.)
Unweighted international inequality (aka Concept 1 ineq) is inequality of all countries' GDPs per capita (as simple as that). It has been going down, but slowly, over the past 30y,
Branko Milanovic
Branko Milanovic
Branko Milanovic
Branko Milanovic
Not because Chinese growth is now less, but because China has become too rich. Whether global inequality will go down, or, as I am afraid, up in this century will crucially depend on whether India and populous African countries can accelerate their rate of growth.
