A Tale of Two Stock Markets

The rivalry between China and India has been making headlines all over the world ever since the concept of the BRIC nations came into widespread use in 2001. Of course, it is quite an intriguing topic as the world's two most populous countries adopt different political and social institutions, but tread the same path toward rapid economic development.

The China-India comparison is a textbook case study on the effect of institutions on economic development, a topic that is the focus of most discussions in academia.