Branko Milanovic is a Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York and a Visiting Professor at the International Inequalities Institute at the London School of Economics. He is also the author of Global Inequality: A New Approach for the Age of Globalization.
Does economic development always lead to lower income inequality? Has it done so in today’s developed countries and those nearing developed status?
This question is so broad, and the number of historical cases so large, that one cannot make a definitive statement. It seems to me that a more relevant question is whether inequality increases with more development. Over the last 30 years, with perhaps a few exceptions, economic development has led [...]
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