By skyforbes 
Introduction
Inequality has always been one of the deepest challenges of human society, but in the 21st century, globalization has added new dimensions to this age-old problem.
In Global Inequality: A New Approach for the Age of Globalization (2016), economist Branko Milanovic provides a masterful analysis of how wealth and income are distributed worldwide, and why the gap between winners and losers of globalization keeps shifting.
The book is both a historical study and a thought-provoking forecast of the future of inequality.
Summary of the Book
- Milanovic takes readers on a journey through history, showing how inequality has evolved across centuries from the pre-industrial world to the modern globalized economy.
- He introduces his now-famous “Elephant Curve”, which graphically illustrates the winners and losers of globalization:
- Winners: The global middle class in Asia (especially China and India) and the world’s richest 1%.
- Losers: The working and middle classes in advanced Western economies, who have seen stagnating or declining real incomes.