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Branko Milanovic: Responsible capitalism concept emerged after Asian financial crisis and global protests
Branko Milanovic draws attention to the origins of 'responsible capitalism,' noting that market consultants developed the concept in response to the Asian financial crisis and social unrest exemplified by the Seattle and Genova riots.
He explains that the idea aimed to allow companies to continue generating profits while placing greater focus on social and ethical considerations.
Milanovic has previously reviewed Serbia’s GDP per capita trends, highlighting strong gains from 1952 to 1982 and the country’s continued gap with global levels after later setbacks (full story). In separate analysis, he has documented the political West’s declining income share from 1974 to 2022 based on data from The Great Global Transformation (see analysis). The posts add detail to Milanovic’s focus on economic shifts and their historical context.
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