Book Talk | The Great Global Transformation: The United States, China, and the Remaking of the World Economic Order
In his new book, The Great Global Transformation, Branko Milanović, one of the world’s leading scholars of economic inequality, examines both the causes and the implications of the transition from a world economic order defined by neoliberal globalization to one in which nationalism and geoeconomic conflict are taking center stage.
Globalization generated massive wealth creation in the aggregate, but also contributed to the greatest reshuffling of global income distribution since the Industrial Revolution and to China’s ascendance to peer economic status with the U.S. These trends helped lead to a rejection of the “Washington Consensus” on open global trade within the U.S. itself and a turn to populism across advanced nations. As a witness to this process from the inside, renowned economist Branko Milanovic analyzes these seismic changes and describes the new “National Market Liberalism” that he predicts will succeed neoliberal globalization.
Join us for a conversation on The Great Global Transformation and the future of the world economy with the author and Marcus Stanley, director of studies at the Quincy Institute.
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Panelists
Branko Milanović
Branko Milanovic is a senior scholar at the Stone Center on Socio-Economic Inequality. He obtained his Ph. D. in economics from the University of Belgrade with a dissertation on income inequality in Yugoslavia. He served as lead economist in World Bank Research Department for almost 20 years and as a senior associate at Carnegie Endowment for International Peace in Washington from 2003 to 2005. He has held teaching appointments at the University of Maryland (2007-2013) and at the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University (1997-2007). Milanovic’s main area of work is income inequality, in individual countries and globally, as well as historically, among pre-industrial societies (Roman Empire, Byzantium, and France before the Revolution).
Marcus Stanley
Marcus Stanley is director of studies at the Quincy Institute for Responsible Statecraft. Dr. Stanley has a Phd in public policy from the Kennedy School of Government. Prior to joining the Quincy Institute he had a background as an economist, including as an Assistant Professor in the Department of Economics at Case Western Reserve University, a Senior Economist at the Joint Economic Committee of the U.S. Congress, an economic and policy advisor to Senator Barbara Boxer, and the Policy Director at Americans for Financial Reform, where he played a leadership role in efforts to reform regulation of the U.S. financial system. He has published in academic journals such as the Quarterly Journal of Economics as well as numerous journalistic outlets ranging from Bloomberg to American Banker.