Contributor(s): Branko Milanovic | The talk will discuss empirically recent changes in global income distribution, creation of a “global middle class”, stagnation of median incomes in the West and propose Kuznets cycles as a useful tool to understand these changes and their future evolution. Branko Milanovic (@BrankoMilan) is Senior Scholar at the Luxembourg Income Study Center, and Visiting Presidential Professor, Graduate Center, City University of New York. His new book is Global Inequality: A New Approach for the Age of Globalization. Robert Wade is Professor of Political Economy and Development in the Department of International Development at LSE.