Global Inequality : From Class to Location, from Proletarians to Migrants

Inequality between world citizens in mid-19th century was such that at least a half of it could be explained by income differences between workers and capital-owners in individual countries. Real income of workers in most countries was similar and...

Full description

Bibliographic Details
Main Author:	Milanovic, Branko
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	AVERAGE INCOME AVERAGE INCOMES CAPITALIST ECONOMY COST OF LIVING INDEX DEMOGRAPHIC DEVELOPED COUNTRIES DEVELOPMENT POLICY DIMINISHING MARGINAL UTILITY DISTRIBUTION OF INCOME EARNING ECONOMIC ANALYSIS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC INEQUALITY ECONOMIC INTEGRATION ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC REVIEW ECONOMIC THEORY EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ECONOMIES FERTILITY RATES FOOD PRICE FOOD PRICE INDEX FOOD PRICES FREE TRADE GDP GDP PER CAPITA GINI COEFFICIENT GLOBALIZATION HOURLY WAGES HOUSEHOLD SURVEYS HUMAN RIGHTS INCOME INCOME DIFFERENCES INCOME DISPARITIES INCOME DISTRIBUTION INCOME DISTRIBUTIONS INCOME GAP INCOME GAPS INCOME INEQUALITY INCOME LEVEL INCOME LEVELS INDIVIDUAL COUNTRIES INEQUALITY LIBERALIZATION LIVING STANDARDS MARXISM MEAN INCOME MEAN INCOMES MIDDLE INCOME MIDDLE INCOME COUNTRIES NATIONAL INCOME OUTPUT PARTICULAR COUNTRY PER CAPITA CONSUMPTION PER CAPITA INCOME PER CAPITA INCOMES POLICY DISCUSSIONS POLICY RESEARCH POLITICAL ECONOMY POOR COUNTRIES POOR COUNTRY POOR PEOPLE PRICE LEVELS PURCHASING POWER REAL INCOME REAL INCOMES REAL WAGE REAL WAGES RELATIVE IMPORTANCE SIMULATIONS SKILLED WORKER SKILLED WORKERS TAX TOTAL OUTPUT TRADE LIBERALIZATION UNEMPLOYMENT WORLD DEVELOPMENT INDICATORS WORLD ECONOMY
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110929082257 http://hdl.handle.net/10986/3583

id	okr-10986-3583
recordtype	oai_dc
spelling	okr-10986-35832021-04-23T14:02:11Z Global Inequality : From Class to Location, from Proletarians to Migrants Milanovic, Branko AVERAGE INCOME AVERAGE INCOMES CAPITALIST ECONOMY COST OF LIVING INDEX DEMOGRAPHIC DEVELOPED COUNTRIES DEVELOPMENT POLICY DIMINISHING MARGINAL UTILITY DISTRIBUTION OF INCOME EARNING ECONOMIC ANALYSIS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC INEQUALITY ECONOMIC INTEGRATION ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC REVIEW ECONOMIC THEORY EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ECONOMIES FERTILITY RATES FOOD PRICE FOOD PRICE INDEX FOOD PRICES FREE TRADE GDP GDP PER CAPITA GINI COEFFICIENT GLOBALIZATION HOURLY WAGES HOUSEHOLD SURVEYS HUMAN RIGHTS INCOME INCOME DIFFERENCES INCOME DISPARITIES INCOME DISTRIBUTION INCOME DISTRIBUTIONS INCOME GAP INCOME GAPS INCOME INEQUALITY INCOME LEVEL INCOME LEVELS INDIVIDUAL COUNTRIES INEQUALITY LIBERALIZATION LIVING STANDARDS MARXISM MEAN INCOME MEAN INCOMES MIDDLE INCOME MIDDLE INCOME COUNTRIES NATIONAL INCOME OUTPUT PARTICULAR COUNTRY PER CAPITA CONSUMPTION PER CAPITA INCOME PER CAPITA INCOMES POLICY DISCUSSIONS POLICY RESEARCH POLITICAL ECONOMY POOR COUNTRIES POOR COUNTRY POOR PEOPLE PRICE LEVELS PURCHASING POWER REAL INCOME REAL INCOMES REAL WAGE REAL WAGES RELATIVE IMPORTANCE SIMULATIONS SKILLED WORKER SKILLED WORKERS TAX TOTAL OUTPUT TRADE LIBERALIZATION UNEMPLOYMENT WORLD DEVELOPMENT INDICATORS WORLD ECONOMY Inequality between world citizens in mid-19th century was such that at least a half of it could be explained by income differences between workers and capital-owners in individual countries. Real income of workers in most countries was similar and low. This was the basis on which Marxism built its universal appeal. More than 150 years later, in the early 21st century, the situation has changed fundamentally: more than 80 percent of global income differences is due to large gaps in mean incomes between countries, and unskilled workers' wages in rich and poor countries often differ by a factor of 10 to 1. This is the basis on which a new global political issue of migration has emerged because income differences between countries make individual gains from migration large. The key coming issue will be how to deal with this challenge while acknowledging that migration is probably the most powerful tool for reducing global poverty and inequality. 2012-03-19T18:05:00Z 2012-03-19T18:05:00Z 2011-09-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110929082257 http://hdl.handle.net/10986/3583 English Policy Research working paper ; no. WPS 5820 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	AVERAGE INCOME AVERAGE INCOMES CAPITALIST ECONOMY COST OF LIVING INDEX DEMOGRAPHIC DEVELOPED COUNTRIES DEVELOPMENT POLICY DIMINISHING MARGINAL UTILITY DISTRIBUTION OF INCOME EARNING ECONOMIC ANALYSIS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC INEQUALITY ECONOMIC INTEGRATION ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC REVIEW ECONOMIC THEORY EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ECONOMIES FERTILITY RATES FOOD PRICE FOOD PRICE INDEX FOOD PRICES FREE TRADE GDP GDP PER CAPITA GINI COEFFICIENT GLOBALIZATION HOURLY WAGES HOUSEHOLD SURVEYS HUMAN RIGHTS INCOME INCOME DIFFERENCES INCOME DISPARITIES INCOME DISTRIBUTION INCOME DISTRIBUTIONS INCOME GAP INCOME GAPS INCOME INEQUALITY INCOME LEVEL INCOME LEVELS INDIVIDUAL COUNTRIES INEQUALITY LIBERALIZATION LIVING STANDARDS MARXISM MEAN INCOME MEAN INCOMES MIDDLE INCOME MIDDLE INCOME COUNTRIES NATIONAL INCOME OUTPUT PARTICULAR COUNTRY PER CAPITA CONSUMPTION PER CAPITA INCOME PER CAPITA INCOMES POLICY DISCUSSIONS POLICY RESEARCH POLITICAL ECONOMY POOR COUNTRIES POOR COUNTRY POOR PEOPLE PRICE LEVELS PURCHASING POWER REAL INCOME REAL INCOMES REAL WAGE REAL WAGES RELATIVE IMPORTANCE SIMULATIONS SKILLED WORKER SKILLED WORKERS TAX TOTAL OUTPUT TRADE LIBERALIZATION UNEMPLOYMENT WORLD DEVELOPMENT INDICATORS WORLD ECONOMY
spellingShingle	AVERAGE INCOME AVERAGE INCOMES CAPITALIST ECONOMY COST OF LIVING INDEX DEMOGRAPHIC DEVELOPED COUNTRIES DEVELOPMENT POLICY DIMINISHING MARGINAL UTILITY DISTRIBUTION OF INCOME EARNING ECONOMIC ANALYSIS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC INEQUALITY ECONOMIC INTEGRATION ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC REVIEW ECONOMIC THEORY EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ECONOMIES FERTILITY RATES FOOD PRICE FOOD PRICE INDEX FOOD PRICES FREE TRADE GDP GDP PER CAPITA GINI COEFFICIENT GLOBALIZATION HOURLY WAGES HOUSEHOLD SURVEYS HUMAN RIGHTS INCOME INCOME DIFFERENCES INCOME DISPARITIES INCOME DISTRIBUTION INCOME DISTRIBUTIONS INCOME GAP INCOME GAPS INCOME INEQUALITY INCOME LEVEL INCOME LEVELS INDIVIDUAL COUNTRIES INEQUALITY LIBERALIZATION LIVING STANDARDS MARXISM MEAN INCOME MEAN INCOMES MIDDLE INCOME MIDDLE INCOME COUNTRIES NATIONAL INCOME OUTPUT PARTICULAR COUNTRY PER CAPITA CONSUMPTION PER CAPITA INCOME PER CAPITA INCOMES POLICY DISCUSSIONS POLICY RESEARCH POLITICAL ECONOMY POOR COUNTRIES POOR COUNTRY POOR PEOPLE PRICE LEVELS PURCHASING POWER REAL INCOME REAL INCOMES REAL WAGE REAL WAGES RELATIVE IMPORTANCE SIMULATIONS SKILLED WORKER SKILLED WORKERS TAX TOTAL OUTPUT TRADE LIBERALIZATION UNEMPLOYMENT WORLD DEVELOPMENT INDICATORS WORLD ECONOMY Milanovic, Branko Global Inequality : From Class to Location, from Proletarians to Migrants
geographic_facet	The World Region The World Region
relation	Policy Research working paper ; no. WPS 5820
description	Inequality between world citizens in mid-19th century was such that at least a half of it could be explained by income differences between workers and capital-owners in individual countries. Real income of workers in most countries was similar and low. This was the basis on which Marxism built its universal appeal. More than 150 years later, in the early 21st century, the situation has changed fundamentally: more than 80 percent of global income differences is due to large gaps in mean incomes between countries, and unskilled workers' wages in rich and poor countries often differ by a factor of 10 to 1. This is the basis on which a new global political issue of migration has emerged because income differences between countries make individual gains from migration large. The key coming issue will be how to deal with this challenge while acknowledging that migration is probably the most powerful tool for reducing global poverty and inequality.
format	Publications & Research :: Policy Research Working Paper
author	Milanovic, Branko
author_facet	Milanovic, Branko
author_sort	Milanovic, Branko
title	Global Inequality : From Class to Location, from Proletarians to Migrants
title_short	Global Inequality : From Class to Location, from Proletarians to Migrants
title_full	Global Inequality : From Class to Location, from Proletarians to Migrants
title_fullStr	Global Inequality : From Class to Location, from Proletarians to Migrants
title_full_unstemmed	Global Inequality : From Class to Location, from Proletarians to Migrants
title_sort	global inequality : from class to location, from proletarians to migrants
publishDate	2012
url	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110929082257 http://hdl.handle.net/10986/3583
_version_	1764387312108568576

Global Inequality : From Class to Location, from Proletarians to Migrants

Similar Items