Vamsi Vakulabharanam

Associate Professor in Economics
University of Hyderabad, India

Vamsi Vakulabharanam is currently an Associate Professor of economics at the University of Hyderabad, India. He completed his Ph.D. in economics from the University of Massachusetts, Amherst in 2004. He was Assistant Professor of economics at Queens College, City University of New York between 2004 and 2007. He was also a Fellow at the India China Institute, New School, New York between 2008 and 2010. His research interests center around the nature and changing dynamics of inequality in the contemporary economies of India and China. Specifically, he has worked on globalization and agrarian change in India, and consumption and wealth inequality during the period of economic reforms in India and China. One of his major arguments in his work is that during the current pro-market economic regime, both countries have tended to neglect their agricultural sectors during this period thereby causing agrarian distress to millions of farmers even as these two economies witnessed a sharp increase in rural-urban divide over the recent decades. He has also argued that the sharp class divide that has emerged since 1990s, especially in urban areas, is another key contributor to the rise in inequality in these economies. Vamsi has published his work in academic journals, including World Development, Journal of Development Studies, Economic and Political Weekly, Review of Radical Political Economics and Ethique Economique and has chapters published in several edited books.

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Inequality did not increase during the early stages of economic development in Japan and the East Asian Tigers. But in India and China it did. Why is that? Vamsi Vakulabharanam suggests that the explanation lies not with the particularities of the countries themselves, but rather with the shift in the "regime of global capitalism" around 1980. Testing whether a global regime shift drives inequality dynamics in national development -- this is new economic thinking.

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This study aims to throw light on the relationship between development and inequality by analyzing the Asian experience after 1950s. In the first wave of Asian growth, some Asian economies (such as Japan and the ‘Tiger’economies) experienced a relatively equal early capitalist growth...

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Presentation given at

Bridging Silos, Breaking Silences: New Responses to Instability and Inequality
Desmond Tutu Center, New York
November 4-6, 2011