What Does Brunei Teach Us About Using Human Development Index Rankings as a Policy Tool?

Preprint

The Bruneian Government has set an ambitious target to achieve a top 10 ranking on the UNDP’s Human Development Index (HDI) by 2035. To achieve its objective (described in a national strategy document called the Wawasan 2035), Brunei’s economy needs to grow by 6%-7%. Is setting an HDI target a good way to govern Brunei’s policymaking? Is it a good way to govern any country’s policymaking? In this paper, we look at the role HDI-rank targets play on economic and fiscal policy. We show that such a headline target (much like a profit target in a private company setting) automatically sets targets for growth in various economic sectors and fiscal policy targets. As such, HDI-rank targeting may provide a useful mechanism for co-ordinating development policies and for monitoring progress against a wide range development goals using only one number.

Angaben zum Objekt

• Sprache: Englisch

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Economic Impacts of Globalization: Economic Development ; Macroeconomic Analyses of Economic Development ; Construction ; Optimization Techniques; Programming Models; Dynamic Analysis
• Thema: Human Development ; Brunei ; Dynamic Optimization ; Urban Planning ; Development indicator ; Brunei

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Michael, Bryane
• Ereignis: Veröffentlichung
• (wer): ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
• (wo): Kiel und Hamburg
• (wann): 2015

Weitere Informationen

• Handle: http://hdl.handle.net/10419/107401
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ