Baldwin: In the past, wealthy nations went to visit a poor nation to exploit it. He says once these economies got integrated into the global supply chain, richer nations and economic players within those nations had an incentive for the first time to improve technologies there on the ground overseas. Baldwin: The exporting of technology because of the globalization of supply chains is a story that I didn't appreciate until I read your book.
Economist and author Branko Milanovic of the Graduate Center, CUNY, talks about his book, Capitalism, Alone, with EconTalk host Russ Roberts. They discuss inequality, the challenge of corruption in the Chinese system, and Milanovic's claim that in American capitalism, the texture of daily life is increasingly affected by the sharing economy and other opportunities.