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The Globalization of Inequality

Francois Bourguignon

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Paperback

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English
Princeton University Pres
03 April 2017
In The Globalization of Inequality, distinguished economist and policymaker Francois Bourguignon examines the complex and paradoxical links between a vibrant world economy that has raised the living standard of over half a billion people in emerging nations such as China, India, and Brazil, and the exponentially increasing inequality within countries. Exploring globalization's role in the evolution of inequality, Bourguignon takes an original and truly international approach to the decrease in inequality between nations, the increase in inequality within nations, and the policies that might moderate inequality's negative effects.

Demonstrating that in a globalized world it becomes harder to separate out the factors leading to domestic or international inequality, Bourguignon examines each trend through a variety of sources, and looks at how these inequalities sometimes balance each other out or reinforce one another. Factoring in the most recent economic crisis, Bourguignon investigates why inequality in some countries has dropped back to levels that have not existed for several decades, and he asks if these should be considered in the context of globalization or if they are in fact specific to individual nations. Ultimately, Bourguignon argues that it will be up to countries in the developed and developing world to implement better policies, even though globalization limits the scope for some potential redistributive instruments.

An informed and original contribution to the current debates about inequality, this book will be essential reading for anyone who is interested in the future of the world economy.

By:  
Imprint:   Princeton University Pres
Country of Publication:   United States
Dimensions:   Height: 216mm,  Width: 140mm,  Spine: 15mm
Weight:   340g
ISBN:   9780691175645
ISBN 10:   0691175640
Pages:   224
Publication Date:  
Audience:   College/higher education ,  Professional and scholarly ,  Primary ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active
Foreword to the English Edition vii Introduction: Globalization and Inequality 1 Chapter 1 Global Inequality 9 Appendix to Chapter 1 Detailed Evidence on the Recent Changes in Global Inequality 41 Chapter 2 Are Countries Becoming More Unequal? 47 Chapter 3 Globalization and the Forces behind the Rise in Inequality 74 Chapter 4 Toward a Fair Globalization: Prospects and Principles 117 Chapter 5 Which Policies for a Fairer Globalization? 146 Conclusion Globalizing Equality? 184 Index 191

Francois Bourguignon is professor emeritus and former director at the Paris School of Economics. From 2003 to 2007 he was chief economist and senior vice president of the World Bank.

Reviews for The Globalization of Inequality

A concise and nontechnical masterpiece of exceptional analytical and policy clarity. [Bourguignon's] professional expertise and policy involvement shine through in every chapter. Although the book is written for concerned global citizens, professional economists and other social scientists can learn much from reading it. --Gary Fields, ILR Review The sooner we listen to Bourguignon, Piketty, Atkinson et al, the better. -- Mark Goldring, Resurgence & Ecologist Bourguignon has written a succinct, useful guide to the current state of world inequality. With words and data, he draws the useful distinction between within-country inequality and between-country inequality . . . in contrast to the authors of most studies of economic problems, who do a solid job laying out the patterns of concern and considering their causes but only hand wave toward solutions, Bourguignon spends significant space considering policy approaches to reducing both forms of inequality. --Choice Bourguignon . . . presents a thoughtful and judicious analysis of economic inequality. . . . The book is highly accessible yet also sophisticated, drawing on a large and growing technical and empirical literature on inequality. --Foreign Affairs Bourguignon sets out the figures in careful detail, distinguishing between increases in inequality within countries and changes between countries. --Diane Coyle, Enlightened Economist Move over, Thomas Piketty. Anyone who has been put off by the French economist's overblown and overly long book on inequality now has a succinct alternative, The Globalization of Inequality. In a mere 189 pages, Francois Bourguignon provides a measured introduction to what is right and what is wrong about current trends in the dispersion of incomes. --Edward Hadas, Reuters BreakingViews [Bourguignon's] compact book takes readers through most of the suspected causes and possible cures for what he and many believe is a destructive phenomenon. . . . Now that this French academic's thoughts will be reaching an English-language audience, his translators may have little time to rest. Inequality is nearly everywhere. Certainly the world's politicians will continue to need such bedtime reading. --Tim Ferguson, Forbes.com Bourguignon carefully wends his way among the definitions of inequality and its multiple, sometimes conflicting measures. . . . This book is written for the layman but is nonetheless intellectually rigorous. It sets out the causes of and some remedies for a problem that urgently needs to be solved if we are to avoid what the book's title warns against, the globalization of inequality. --Brenda Jubin, Seeking Alpha Recommended for readers seeking a brief, less technical introduction to economic inequality within and among nations. --Library Journal This book is written in calm prose, but its message is urgent: continue as we are and poverty will grow on our doorsteps. --Danny Dorling, Times Higher Education Readers wanting a map of the terrain should read Bourguignon. . . . Inequality is an important and complex subject. On the biggest issue of all--global inequality--the recent news has been good. The story on inequality within countries is less appealing, however. [The Globalization of Inequality] tells this complex story well. --Martin Wolf, Financial Times Globalization has unleashed powerful forces: some wonderful, some worrying. This book can take you beyond the cliches to an understanding of what is going on and what can be done about it. --Sir Paul Collier, Prospect This timely and excellent primer on income inequality both within and among nations deserves to be read by both occupiers and occupants of Wall Street. --Publishers Weekly One of Financial Times Best Books in Economics of the YearSelected for A Financial Times Summer Books selectionOne of Financial Times (FT.com) Best Books in Economics 2015, chosen by Martin WolfA Financial Times Summer Books 2015 selection


  • Commended for A Financial Times Summer Books selection 2015
  • Short-listed for Financial Times Best Books in Economics of the Year 2015

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