Inequality, global economics, and development analysis by Branko Milanovic
Maintaining economic stability is particularly important in the initial months, Branko Milanovic notes
Branko Milanovic emphasized that economic stability is crucial, particularly during the first six to nine months of a new period. He noted that during this time, people will be closely watching ...
Branko Milanovic: Neoliberal globalization increases world economic growth when measured by population
Branko Milanovic argues that neoliberal globalization has produced a higher world economic growth rate when growth is measured across people instead of by the standard GDP weighting method. He ...
Central bank policy pushed dinar higher and impacted foreign investment, Branko Milanovic notes
Branko Milanovic said one of the issues discussed in Serbia is that the National Bank’s policy of maintaining an almost fixed exchange rate led to an unreasonable appreciation of the dinar and ...
Branko Milanovic: La Repubblica headline on markets called misleading
Branko Milanovic described a recent la Repubblica headline stating “A long crisis; the markets have been left without a compass” as the most misleading title. Milanovic also cited the ...
Unweighted international GDP per capita-based inequality remains steady since 2018, Branko Milanovic notes
Unweighted international inequality, calculated by averaging countries' GDP per capita without accounting for population size, has remained stable since 2018. Branko Milanovic shared this ...
Branko Milanovic: Progressive economists propose alternatives to neoliberal agenda
Branko Milanovic shares an overview of proposals from prominent progressive economists who are challenging the current neoliberal agenda. The discussion focuses on how these economists are ...
Argentina GDP per capita was 70 percent above world average in 1955, Branko Milanovic notes
Branko Milanovic examines Argentina's GDP per capita compared to the global average, using purchasing power parity measures. Argentina's income reached a peak in 1955, standing 70 percent higher ...
Branko Milanovic: Yuan appreciation could narrow Chinese GDP gap with U.S.
Branko Milanovic points out that current nominal GDP figures show the U.S. at about $30 trillion and China at around $20 trillion, resulting in a 50 percent gap. He notes that a 30 percent ...
Russia growth forecast lowered to 1 percent, Branko Milanovic notes
Branko Milanovic reports that Russia's official GDP growth forecast for this year is 1 percent. According to Milanovic, growth during the first six months measured 0.6 percent, while under ...
Branko Milanovic: Western newspapers urge China to raise wages and increase social transfers
Branko Milanovic points out that major financial newspapers in London and New York often criticize domestic efforts to improve conditions for workers while simultaneously urging China to increase ...
Greater urban elite savings may explain low consumption levels, Branko Milanovic notes
Branko Milanovic raises the possibility that higher savings among China’s urban elite could be responsible for the observed compression in consumption or wages in macroeconomic data. He ...
Branko Milanovic: Largest European economies share of global GDP fell since 1980
Branko Milanovic highlights changes in the economic positions of major European economies over time. According to Milanovic, Germany, France, the UK, Italy, and Spain together accounted for 19.3 ...
Treating economic growth as an exception distorts economic rules, Branko Milanovic argues
Branko Milanovic emphasizes that the most successful economic growth in world history should not be viewed as an exception to generally valid rules of economics. He cautions against disregarding ...
Branko Milanovic: China criticism distracts from rising profits in Western countries
Branko Milanovic draws attention to how Western capitalists use criticism of China to shift focus away from their increasing profits. He suggests that instead of discussing their own financial ...
Gross and disposable income tracked using official U.S. surveys, Branko Milanovic notes
Branko Milanovic examines eighty years of U.S. income inequality using data from official annual population income surveys. The analysis distinguishes between gross income, which is measured ...
Branko Milanovic: Urban China and U.S. income growth patterns have matched since 2018
Branko Milanovic highlights that since 2018, the pattern of income growth across urban China has closely resembled that of the U.S. He explains that both regions have seen the highest growth at ...
Financial papers’ readers have China ties, Branko Milanovic notes
Branko Milanovic questions the strong anti-China tone present in financial publications such as the Financial Times and, to a lesser extent, the Wall Street Journal. He observes that most ...
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 ...
Unweighted international inequality in GDP per capita has decreased, Branko Milanovic notes
Branko Milanovic highlights the ongoing debate around measuring global inequality. According to Milanovic, unweighted international inequality, also called Concept 1 inequality, refers to the ...
Branko Milanovic: Income share of political West declined from 1974 to 2022
Branko Milanovic presents data from Chapter 1 of 'The Great Global Transformation', including Figures 1.1 and 1.3, which detail changes in global ideational classification and the shifts in ...
Serbia’s GDP to world comparison remains below its 1970s high, Branko Milanovic notes
Branko Milanovic highlights the trajectory of Serbia’s GDP per capita compared to the global average. He observes significant progress from 1952 to 1982, followed by stagnation, a sharp downturn ...
