Branko Milanović – Recent trends in global income distribution and their political implications

On 1 April in Berlin in our series of talks entitled “Economics beyond the Swabian hausfrau” Branko Milanović discussed the evolution in global income inequality and its political implications; in particular, the rise of the middle class in Asia, income stagnation of the rich countries’ middle classes, with special emphasis on the current European situation, migration as part of globalization, and the emergence of global plutocracy (global top 1 percent).