“What is different between national inequality and global inequality is you have another element there that is sometimes forgotten: what matters for global inequality is relative growth rates between poor and rich countries.” DifferentCountrySometimesGrowthPoorRichRateForgottenInequalityRelative Author:Branko Milanovic
“The middle class in the rich countries is where the political game is being played. They are voting in elections in the U.S., U.K., France and Germany. They are working people in the upper part of the global income distribution. They might on average be happy that the Chinese are doing well, but they are not happy that the Chinese are doing well relative to them.” PeopleCountryPoliticalRichElectionChineseVotingMiddle ClassRelativeNot Happy Author:Branko Milanovic
