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Branko Milanovic
The Good Fight
The Elephant Curve - What Does It Tell Us About the World?
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Ashle: The elephant curve reflects the rate of growth in real income over the period between 1988 and 2011. It's basically story of the Chinese middle class and growth of China, he says. And then you find out that they're really dominantly lower middle classes from the rich world, Ashle adds.
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