%0 Journal Article %T Comparing China and India: Is the dividend of economic reforms polarized? %A Sudip Ranjan Basu %J The European Journal of Comparative Economics %D 2009 %I European Association for Comparative Economic Studies and Universita Carlo Cattaneo %X The paper compares the economic performance of China and India during the period of their ongoing reform policies. It develops a new measure of development, namely, a development quality index (DQI), to compare performance of China and India. The results show that national-level development quality grew three times faster in China than in India. Conversely, the health quality index grew three times as fast in India than China over the period 1980-2004, narrowing the gap in outcomes. The overall regional development quality level improved in both countries, but polarization widened in China. The direction of overall inter-regional polarization in China indicates a rising concentration of development gains from economic reform policies. The inter-regional economic polarization in recent years is more pronounced in India. %K Development %K Inequality %K Polarization %K China %K India %U http://eaces.liuc.it/18242979200901/182429792009060105.pdf