Branko Milanovic - Global Income Inequality

The video discusses global income distribution, focusing on three concepts of inequality: unweighted GDP per capita, population-weighted GDP per capita, and global inequality using household survey data. It highlights historical trends, current analysis, and the role of fate in income distribution. The speaker emphasizes the importance of citizenship and family background in determining personal income, illustrating the persistent inequality in the world.

What is the significance of the Gini coefficient mentioned by the speaker?

What does the speaker suggest about the future of global inequality based on the growth rates of China and India?

What does the speaker mean by stating that most of the inequality today is due to location rather than class?

In what way does the speaker connect the concept of citizenship to global income inequality?