Branko Milanović

Branko Milanović (Serbian: Milanović; born October 24, 1953) is a Serbian-American economist. A development and inequality specialist, he is since January 2014 visiting presidential professor at City University of New York Graduate Center and an affiliated senior scholar at the Luxembourg Income Study (LIS). He was formerly lead economist in the World Bank's research department, visiting professor at University of Maryland and Johns Hopkins University. Between 2003 and 2005 he was senior associate at Carnegie Endowment for International Peace in Washington. He remained an adjunct scholar with the Endowment until early 2010. He did his Ph. D. at University of Belgrade in 1987 with the dissertation (published as a book in 1990 ) on economic inequality in Yugoslavia, using for the first time micro data from Yugoslav household surveys.

Branko

Branko (Cyrillic script: Бранко) is a South Slavic given name found in all of former Yugoslavia, may refer to:

New Approach

New Approach (foaled 18 February 2005) is a retired Irish Thoroughbred racehorse and active stallion. In a racing career which lasted from July 2007 to October 2008 he ran eleven times and won eight races. He was undefeated in five races as a two-year-old in 2007 including the National Stakes and the Dewhurst Stakes. As a three-year-old he won the 2008 Epsom Derby, the Irish Champion Stakes and the Champion Stakes and was rated the best racehorse in the world (jointly with Curlin) in the 2008 World Thoroughbred Racehorse Rankings. In his first season at stud, New Approach sired the classic winners Dawn Approach and Talent.

Background

New Approach, a chestnut colt with a white star and snip was bred by the Lodge Park Stud in Kilkenny Ireland from the second crop of the 2002 Epsom Derby winner Galileo. His dam was the Irish Champion Stakes winner Park Express, making him a half-brother to the Takamatsunomiya Kinen winner Shinko Forest Dazzling Park (by Warning), Champion three-year-old filly in Europe and Alluring Park, the dam of the Epsom Oaks winner Was. He was first owned by Mrs J S Bolger & John Corcoran. He was bought in training by Sheikh Mohammed, who presented the colt to his wife Princess Haya of Jordan. He was trained throughout his career by Jim Bolger and ridden in all his starts by Kevin Manning.

New York

New York is a state in the Northeastern United States and is the United States' 27th-most extensive, fourth-most populous, and seventh-most densely populated state. New York is bordered by New Jersey and Pennsylvania to the south and Connecticut, Massachusetts, and Vermont to the east. The state has a maritime border in the Atlantic Ocean with Rhode Island, east of Long Island, as well as an international border with the Canadian provinces of Quebec to the north and Ontario to the west and north. The state of New York, with an estimated 19.8 million residents in 2015, is often referred to as New York State to distinguish it from New York City, the state's most populous city and its economic hub.

With an estimated population of nearly 8.5 million in 2014, New York City is the most populous city in the United States and the premier gateway for legal immigration to the United States. The New York City Metropolitan Area is one of the most populous urban agglomerations in the world. New York City is a global city, exerting a significant impact upon commerce, finance, media, art, fashion, research, technology, education, and entertainment, its fast pace defining the term New York minute. The home of the United Nations Headquarters, New York City is an important center for international diplomacy and has been described as the cultural and financial capital of the world, as well as the world's most economically powerful city. New York City makes up over 40% of the population of New York State. Two-thirds of the state's population lives in the New York City Metropolitan Area, and nearly 40% live on Long Island. Both the state and New York City were named for the 17th century Duke of York, future King James II of England. The next four most populous cities in the state are Buffalo, Rochester, Yonkers, and Syracuse, while the state capital is Albany.

International inequality

International inequality is inequality between countries (cf. Milanovic 2002). Economic differences between rich and poor countries are considerable. According to the United Nations Human Development Report 2004, the GDP per capita in countries with high, medium and low human development (a classification based on the UN Human Development Index) was 24,806, 4,269 and 1,184 PPP$, respectively (PPP$ = purchasing power parity measured in United States dollars).

International wealth distribution

A study by the World Institute for Development Economics Research at United Nations University reports that the richest 1% of adults alone owned 40% of global assets in the year 2000, and that the richest 10% of adults accounted for 85% of the world total. The bottom half of the world adult population owned barely 1% of global wealth. In 2013, Oxfam International released a report to The World Economic Forum that the richest 1% owns 48 percent of the global wealth. In 2014, Oxfam reported that the 85 wealthiest individuals in the world have a combined wealth equal to that of the bottom 50% of the world's population, or about 3.5 billion people. More recently, in January 2015, Oxfam reported that the wealthiest 1 percent will own more than half of the global wealth by 2016.