Arbeitspapier

Growth and Human Development: Comparative Latin American Experience

This paper seeks to examine the interdependence between economic growth (EG) and human development (HD). It is concerned with changes in per capita income and its two-way relationship with the basic societal objective of human development. Regressions across various Latin American countries are run for 1960-92. Country performance is separated into virtuous/vicious cycles or HD/EG lopsidedness. The study makes an attempt to correct the commonly held view that ensuring increases in economic growth automatically leads to advances in human development. Human development has to occur prior to or simultaneous with improvements in economic growth, if a country is to reach a virtuous cycle. The Latin American experience indicates that a balanced approach to development has to be adopted. It is imperative to focus on human development from the outset of any reform program, as policies that emphasize economic growth alone are futile in sustaining high levels of human development.

Language
Englisch

Bibliographic citation
Series: Center Discussion Paper ; No. 826

Classification
Wirtschaft
Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
Subject
Human Development
Economic Growth
Latin America
Wirtschaftswachstum
Entwicklung
Bildung
Gesundheit
Vergleich
Lateinamerika

Event
Geistige Schöpfung
(who)
Ranis, Gustav
Stewart, Frances
Event
Veröffentlichung
(who)
Yale University, Economic Growth Center
(where)
New Haven, CT
(when)
2001

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Ranis, Gustav
  • Stewart, Frances
  • Yale University, Economic Growth Center

Time of origin

  • 2001

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