The Great Global Transformation

No one describes better and quantifies with such precision the global transformations now underway than Branko Milanovic. This is a must read for anyone concerned about the future of the world order – Gordon BrownEveryone today—from thinkers, to policy-makers, to citizens and workers—knows that something is happening to the global order, but no one has been able to understand what it is. Now Branko Milanovic’s profound book explains this Great Global Transformation. Simultaneously panoramic and telescopic, Milanovic’s explanation ranges across history, philosophy, economics, and politics to illuminate the fortunes of entire nations and of the individual people in them. There is no better account of how we have got to where we are, and no clearer-eyed analysis of where we might go next. – Daniel MarkovitsMore than anyone alive, Branko Milanovic was likely to propound a grand theory of our perplexing global moment, rooted in data and facts. With brilliance, panache, and reliability, he has done it in this stellar book. The rise of China has prompted comparable developments across opposed states, as the neoliberal politics of monied elites continue to stoke rage. No one knows what comes next, but no one more than Milanovic has seen more persuasively where we are. – Samuel Moyn, Yale UniversityFor fifty years, Global Neoliberalism has reigned supreme, having supplanted the postwar Keynesian–Welfare Consensus. Now that order is in terminal decline. What comes next? A penetrating analysis from the world’s foremost authority on economic inequality – Peter TurchinIn this masterful account of The Great Global Transformation, Branko Milanovic combines his deep knowledge of political economy and philosophy and mastery of distributional statistics, to the utmost limits of their ability to explain the rise of Asia and the corresponding decline of the West – James K. GalbraithThis latest grand narratives from Blanko Milanovic vividly captures a world at another crossroads caught in shifting geopolitical and ideological megatrends marked by the phenomenal rise of China and the rise of Nationalism in the West in the last two decades. Liberal democracy is under siege even in the West and under retreat elsewhere. With eloquence, humour, astuteness and magisterial presentation of quantitative data, Milanovich offers a penetrating tale of how we arrived here in the last fifty years and most importantly, some critical insights on where we might be heading – Debin MaIn this incisive new book, Branko Milanovic draws on his unique combination of empirical rigor, philosophical depth, and sharp commentary to illuminate the forces behind the great transformations of our time. Anyone who wants to understand the issues that will decide our future should read it – Fritz BartelYet another fascinating book by the prolific Branko Milanovic – Grace BlakeleyYet another fascinating book by the prolific Branko Milanovic – Grace Blakeley

Branko Milanovic is Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York and Visiting Professor at the International Inequalities Institute at the London School of Economics and Political Science. Formerly Lead Economist in the World Bank’s research department, he is a world-leading scholar of income inequality, and was the co-creator of The Elephant Curve, also known as the Lakner-Milanovic curve. He is the author of numerous books, including Visions of Inequality, Capitalism, Alone and Global Inequality- A New Approach for the Age of Globalisation.