The Shift in Western Concerns about Globalization

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This chapter explores the shift in Western concerns about globalization, from worrying about impoverishing China and India to the realization of their significant geopolitical power. It discusses the criticisms raised by the left regarding globalization, highlighting the increase in real wages but also the difficult working conditions it has brought. The chapter also touches on the historical precedent of long working hours and the popularity of globalization in Asia.

Yascha Mounk and Branko Milanovic discuss the history and trajectory of global inequality.

Branko Milanovic is an economist and a professor in the Graduate Center at The City University of New York. Formerly a lead economist at the World Bank, he is the author, most recently, of Visions of Inequality: From the French Revolution to the End of the Cold War.

In this week’s conversation, Yascha Mounk and Branko Milanovic discuss Milanovic’s famous “Elephant Curve” graph and why global income growth is not as unequally distributed as he once thought; how we should think about globalization and its effects on the global balance of power; and why Milanovic does not consider himself a philosophical liberal.

This transcript has been condensed and lightly edited for clarity.

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