Country Quote by Branko Milanovic
“What is different between national inequality and global inequality is you have another element there that is sometimes forgotten: what matters for global inequality is relative growth rates between poor and rich countries.”
About This Quote
Source Book: Global Inequality: A New Approach for the Age of Globalization by Branko Milanovic, 2016
National inequality compares people within a country, while global inequality compares countries; the key factor is differing growth rates between rich and poor nations.
In simple terms: National vs. global inequality hinges on growth rates.
Key Takeaway
Focus on policies that boost growth in poorer nations.
Themes
economics
inequality
globalization
Mood
analytical
concerned
Type
academic
informative
When to use this quote
- policy making
- international aid
- economic research
- education programs
Key Concepts
growth rates
development economics
wealth distribution
Questions to Reflect On
- How can poor countries accelerate growth sustainably?
- What role should rich nations play in reducing global inequality?
A Different Perspective
Growth rates can be affected by external shocks, making inequality trends volatile.
![“Well, you can do whatever you want, but just don’t call it inequality. Put the word poverty there. Because we have many rich people on our board, and when they see the word poverty that makes them feel good, because [it means] they’re really nice people who care about the poor. When they see the…” quote by Branko Milanovic](https://sms4smile.com/quotes/img-quotes/0f0/branko-milanovic-34886_care_well-you-can-do-whatever-you-want-but-ju_2888062.jpg)
![“That country [Carthage] was rapidly sinking into the state of barbarism from whence it had been raised by the Phoenician colonies and Roman laws; and every step of intestine discord was marked by some deplorable victory of savage man over civilized society.” quote by Edward Gibbon](https://sms4smile.com/quotes/img-quotes/70c/edward-gibbon-710_barbarism_that-country-carthage-was-rapidly-sinkin_393.jpg)
