The World Under Capitalism
Branko Milanovic (2025) The World Under Capitalism – Observations on Economics, Politics, History, and Culture. Cambridge: Polity Press. pp. xvi + 480. Branko Milanovic is best known as one of the world’s leading experts on global inequality. But he is also an unusually wide-ranging and penetrating commentator on subjects across economics and beyond, in politics, […]
Global Shocks, Institutional Development, and Trade Restrictions: What Can We Learn from Crises and Recoveries Between 1990 and 2022?
Joshua Aizenman, Hiro Ito, Donghyun Park, Jamel Saadaoui & Gazi Salah Uddin The Global Financial Crisis and the COVID-19 pandemic were two major shocks to the world economy in the 21st century. In this study, we analyze the patterns of recessions and recoveries of 101 advanced and developing economies. We identify the turning points of recessions and expansions between 1990 […]