5 April 2024
He became famous around the world with his ‘elefant curve’, a graph showing how Western middle classes are losing their positions in the global income hierarchy. The Serbian-American economist, Branko Milanović visited Budapest where we have discussed the record of post-socialist countries of Central and Eastern Europe in catching up with their Western counterparts; the challenge posed by China to the advanced capitalist countries; and the root causes that explain today’s escalation of various geopolitical conflicts.
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