Branko Milanovic
Encyclopedia
Branko Milanović is a Lead economist in the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

's research department in the unit dealing with poverty and inequality and a senior associate at the Carnegie Endowment for International Peace
Carnegie Endowment for International Peace
The Carnegie Endowment for International Peace is a foreign-policy think tank based in Washington, D.C. The organization describes itself as being dedicated to advancing cooperation between nations and promoting active international engagement by the United States...

, in Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....

.

Education

Milanović received a MSc
MSC
- Computers:* Mario Strikers Charged* Microsoft Common Console Document, file for the Microsoft Management Console* Microelectronics Support Centre* Microsoft Corporation* MIDI Show Control* Message Sequence Chart...

 from Florida State University
Florida State University
The Florida State University is a space-grant and sea-grant public university located in Tallahassee, Florida, United States. It is a comprehensive doctoral research university with medical programs and significant research activity as determined by the Carnegie Foundation...

 and a Ph.D.
Ph.D.
A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...

 in economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

 from the University of Belgrade
University of Belgrade
The University of Belgrade is the oldest and largest university of Serbia.Founded in 1808 as the Belgrade Higher School in revolutionary Serbia, by 1838 it merged with the Kragujevac-based departments into a single university...

 Faculty of Economics
University of Belgrade Faculty of Economics
The University of Belgrade Faculty of Economics is one of the educational institutions of the University of Belgrade, Serbia. The building is located in the city center of Belgrade...

 in 1987.

Research and career

Milanović focuses on the issues of globalization, income distribution, and democracy. Previously, he worked as World Bank country economist for Poland
Poland
Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...

 from 1988 to 1991 and research fellow at the Institute of Economic Sciences in Belgrade
Belgrade
Belgrade is the capital and largest city of Serbia. It is located at the confluence of the Sava and Danube rivers, where the Pannonian Plain meets the Balkans. According to official results of Census 2011, the city has a population of 1,639,121. It is one of the 15 largest cities in Europe...

, Yugoslavia
Yugoslavia
Yugoslavia refers to three political entities that existed successively on the western part of the Balkans during most of the 20th century....

 from 1980 to 1983 and from 1986 to 1988. Between 1996 and 2007, he has served as an adjunct professor of Economics of at the School for Advanced International Studies, Johns Hopkins University
Johns Hopkins University
The Johns Hopkins University, commonly referred to as Johns Hopkins, JHU, or simply Hopkins, is a private research university based in Baltimore, Maryland, United States...

. Since 2007, he is an adjunct professor at the School for Public Policy, University of Maryland at College Park.

He is an expert in income distribution (inequalities within nations and globally), economies in transition, globalization
Globalization
Globalization refers to the increasingly global relationships of culture, people and economic activity. Most often, it refers to economics: the global distribution of the production of goods and services, through reduction of barriers to international trade such as tariffs, export fees, and import...

 and development
Economic development
Economic development generally refers to the sustained, concerted actions of policymakers and communities that promote the standard of living and economic health of a specific area...

.

Milanović has published several papers and books, mainly on world inequality
International inequality
International inequality is inequality between countries . Economic differences between rich and poor countries are considerable...

 and poverty
Poverty
Poverty is the lack of a certain amount of material possessions or money. Absolute poverty or destitution is inability to afford basic human needs, which commonly includes clean and fresh water, nutrition, health care, education, clothing and shelter. About 1.7 billion people are estimated to live...

. He is the author of the first work assessing global income inequality between individuals (Economic Journal, 2002). His 2005 book ("Worlds Apart") introduced three concepts of international or global inequality: unweighted inequality between mean country incomes, population-weighted inequality between mean country incomes, and global income inequality between all individuals in the world. His concept of inequality possibility frontier, defined in a 2006 paper on inequality in Byzantium ("Review of Income and Wealth") and later expanded in joint work with Jeffrey Williamson and Peter Lindert is particularly useful in studies of inequality in pre-industrial societies.

Selected books

  • Liberalization and Entrepreneurship. Dynamics of Reform in Socialism and Capitalism, 1989. M.E. Sharpe.
  • Income, Inequality, and Poverty during the Transition from Planned to Market Economy. 1998. World Bank.
  • (with Ethan Kapstein) Income and Influence. 2003. W.E. Upjohn Institute for Employment Research.
  • (with Christiaan Grootaert and Jeanine Braithwaite) Poverty and Social Assistance in Transition Countries. 1999. St. Martin's Press.
  • Worlds Apart. Measuring International and Global Inequality. 2005. Princeton/Oxford.
  • The Haves and the Have-Nots: A Short and Idiosyncratic History of Global Inequality. 2011. Basic Books.
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