Ideas to Action:

Independent research for global prosperity

CGD Invited Research Forum

Winners and Losers of Globalization: Political Implications of Inequality

Tuesday, December 9, 2014 - 12:00pm to 1:30pm

Presentation from this event is available here.  

Featuring
Branko Milanovic
Presidential Fellow
City University of New York

Discussant 
Laurence Chandy
Fellow
Brookings Insitution 

Host
Michael Clemens
Senior Fellow
Center for Global Development

The last quarter century of globalization has witnessed the largest reshuffle of global incomes since the Industrial Revolution. Branko Milanovic finds that the main factor behind the reshuffle was the rise of China and, to a slightly lesser extent, all of Asia. By tracking the evolution of individual country-deciles through a new panel database of 100 country-deciles and deriving the global Growth Incidence Curve, Milanovic and co-authors are able to show the underlying elements that drove the changes.

They find that three changes stand out, and those changes open up discussion on the following political issues: how to manage rising expectations of political participations in emerging countries like China, how to “placate” rich countries’ globalization losers so that they do not begin supporting populist anti-immigrant policies, and how to constrain the rising economic and political power of the global top 1 percent.

*The CIRF series is an academic research seminar that brings some of the world's leading development scholars to discuss their new research and ideas. The presentations are at times technical, but retain a focus on a mixed audience of researchers and policymakers. There’s more about the series here.

Related Experts

Non-resident Fellow
Photo of Michael Clemens
Co-Director of Migration, Displacement, and Humanitarian Policy and Senior Fellow

Tuesday, December 9, 2014
12:00 - 1:30 p.m.
**Please bring your lunch, beverages will be provided**