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Asia’s Giants pp 183–210Cite as

Palgrave Macmillan

Why Democracy Matters

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Abstract

From a global perspective, reform in both China and India is a success in terms of poverty alleviation, a most important dimension of regime performance. Poverty was reduced by one-third in India in the first decade or so of reform. The World Bank found that “China, along with India, was also responsible for the fall in the share of the world’s population living in extreme poverty—from just over 40 percent in 1981 [when the socialist command economy was just beginning to be rejected by China’s rulers] to just over 20 percent by 2001” (Balls 2004). Economic reform pays off, even for the poor. Raising the question of how India and China have been able “to take advantage of globalization…” (Fukuyama 2004), both seemed successes. “China is going places, but so is India” (Pesek 2003).

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Authors
  1. Edward Friedman
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Editor information

Editors and Affiliations

  1. University of Wisconsin, Madison, USA

    Edward Friedman (professor in the Department of Political Science) (professor in the Department of Political Science)

  2. New School University, USA

    Bruce Gilley (Adjunct Professor of International Affairs) (Adjunct Professor of International Affairs)

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© 2005 Edward Friedman and Bruce Gilley

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Friedman, E. (2005). Why Democracy Matters. In: Friedman, E., Gilley, B. (eds) Asia’s Giants. Palgrave Macmillan, New York. https://doi.org/10.1057/9781403978295_10

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