MGMT 3030 Lecture Notes - Lecture 3: Junctor, International Inequality, Plutocracy
9 Feb 2018
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Document Summary
Inequality remained a highly controversial topic in politics up until the global financial crisis when the study of this theory and the consequences of its presences became increasingly popular. The book titled global inequality: a new approach for the age of globalization by. Branko milanovich uses theoretical hypothesis and empirical data to provide a new approach to studying global inequality and the implications it presents. While the book presents its thesis with a high level of sophistication, it is not without faults, but overall it remains a successful narrative showing the progressive changes and future implications globalization and inequality. Milanovich begins by stressing that we live in an era of globalization where the problems we face today cannot be viewed solely from the horizontal or national viewpoint. "elephant graph" milanovich illustrates how globalization has distributed economic gains unequally. In doing so illustrates the upward "long march" experienced by the population of china across the ranks of income distribution globally.
