China and India have long been central to the world economy. Two and a half centuries ago, they contributed 50% of the world’s output; after suffering a decline thereafter, their share fell to a paltry 9% in 1950 but has since resurged to about 25% today. This book shows that the growth and inequality experiences of China and India have had strikingly similar trajectories, especially after 1980, despite their very different political and social institutions. It offers novel insights using a class lens to analyze and compare the Chinese and Indian inequality stories, locating them within the larger contexts of Asian and global capitalism. Vakulabharanam demonstrates that the interconnectedness between Chinese and Indian growth and inequality dynamics and the transformation and evolution of global capitalism is key to understanding the within-country inequality dynamics in both countries. The book thus offers a new perspective on economic development and inequality that builds on and adds to the insights of Kuznets and Piketty.

About the Author:

Vamsi Vakulabharanam is Co-Director of the Asian Political Economy Program and Associate Professor of Economics at the University of Massachusetts, Amherst. He has previously taught at the University of Hyderabad and the City University of New York. His recent research focuses on inequality in India and China and the political economy of Indian cities through the axes of gender, caste, class, and religion. In the past, he has worked on agrarian change in developing economies, agrarian cooperatives, and the relationship between economic development and inequality. In 2013, Vakulabharanam was awarded the Amartya Sen award for his contributions to social sciences by the Indian Council of Social Science Research.

SPEAKERS

Previously, he taught at the University of Hyderabad (2008-14) and the City University of New York (2004-07). He was a grantee at the Institute for New Economic Thinking (INET, NY) between 2011 and 2014 on a project titled, ‘Economic Development and Inequality: What Can the Asian Experience Teach Us?’ He was a Fellow of the India China Institute of the New School (NY) between 2008 and 2010. He has worked on issues pertaining to agrarian change in the context of globalization in developing economies, agrarian cooperatives, and the relationship between economic development and inequality. His recent research focuses…Read more

 

Branko Milanovic obtained his Ph.D. in economics (1987) from the University of Belgrade with a dissertation on income inequality in Yugoslavia. He served as lead economist in the World Bank’s Research Department for almost 20 years, leaving to write his book on global income inequality, Worlds Apart (2005). He was a senior associate at the Carnegie Endowment for International Peace in Washington (2003-2005) and has held teaching appointments at the University of Maryland (2007-2013) and at...Read more

 

Anupama Rao, Professor, History and MESAAS (Columbia) has research and teaching interests in gender and sexuality studies; caste and race; historical anthropology; social theory; comparative urbanism; and colonial genealogies of human rights and humanitarianism.

She is Director, Institute for Comparative Literature and Society and the convenor of the Ambedkar Initiative, which is supported by the Provost’s Office (Barnard), the Deans of Humanities and Social Sciences (Columbia), the Office of the EVP (Columbia), Columbia University Press, and the Columbia Libraries. She served as…Read more

 

The core of Professor Riskin’s research has dealt with the complex and changing impact of economic development on people’s lives — what the United Nations calls “human development.” He is the author of China ‘s Political Economy: The Quest for Development since 1949 (Oxford University Press, 1987); Inequality and Poverty in China in the Age of Globalization (with A. R. Khan, Oxford University Press, 2001); and China’s Retreat from Equality (with R. Zhao and S. Li, M. E. Sharpe, 2001), as well as of…Read more