Changes in Globalization and its Impact on Western Middle Classes

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This chapter explores the shifts in globalization and its effects on the middle classes in the Western world. It discusses concerns about the backlash against globalization and examines the relationship between skeptical ideas about globalization and policies that have affected lower-income earners.

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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