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The Scorecard on Development: 25 Years of Diminished Progress

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  • Mark Weisbrot
  • Dean Baker
  • David Rosnick

Abstract

This paper examines data on economic growth and various social indicators and compares the past 25 years (1980-2005) with the prior two decades (1960-1980). The paper finds that the past 25 years in low- and middle-income countries have seen a sharp slowdown in the rate of economic growth, as well as a decline in the rate of progress on major social indicators including life expectancy and infant and child mortality. The authors conclude that economists and policy-makers should devote more effort to determining the causes of the economic and development failure of the last quarter-century.

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File URL: http://www.un.org/esa/desa/papers/2006/wp31_2006.pdf
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Bibliographic Info

Paper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number 31.

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Length: 20 pages
Date of creation: Sep 2006
Date of revision:
Handle: RePEc:une:wpaper:31

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Web page: http://www.un.org/esa
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Related research

Keywords: economic development; growth; social indicators; growth failure; developing countries; education; health;

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References

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  1. Andrea Bassanini & Stefano Scarpetta & Ignazio Visco, 2000. "Knowledge, Technology and Economic Growth: Recent Evidence from OECD Countries," OECD Economics Department Working Papers 259, OECD Publishing.
  2. Valerie Cerra & Sweta Chaman Saxena, 2007. "Growth dynamics: the myth of economic recovery," BIS Working Papers 226, Bank for International Settlements.
  3. Lobel, Orly, 2006. "Sustainable capitalism or ethical transnationalism: Offshore production and economic development," Journal of Asian Economics, Elsevier, vol. 17(1), pages 56-62, February.
  4. Dollar, David & Kraay, Aart, 2001. "Growth is good for the poor," Policy Research Working Paper Series 2587, The World Bank.
  5. Boyer, Robert, 2000. "The French welfare : an institutional and historical analysis in European perspective," CEPREMAP Working Papers (Couverture Orange) 0007, CEPREMAP.
  6. A. B. Atkinson, 1999. "The Economic Consequences of Rolling Back the Welfare State," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011719.
  7. Eswar S. Prasad & Kenneth Rogoff & Shang-Jin Wei & M. Ayhan Kose, 2007. "Financial Globalization, Growth and Volatility in Developing Countries," NBER Chapters, in: Globalization and Poverty, pages 457-516 National Bureau of Economic Research, Inc.
  8. Amable, Bruno, 2003. "The Diversity of Modern Capitalism," OUP Catalogue, Oxford University Press, number 9780199261147, September.
  9. Rodrik, Dani & Subramanian, Arvind, 2004. "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition," Working Paper Series rwp04-013, Harvard University, John F. Kennedy School of Government.
  10. Levis, Julien, 2006. "Adoption of corporate social responsibility codes by multinational companies," Journal of Asian Economics, Elsevier, vol. 17(1), pages 50-55, February.
  11. Eliasson, Gunnar, 1984. "Micro heterogeneity of firms and the stability of industrial growth," Journal of Economic Behavior & Organization, Elsevier, vol. 5(3-4), pages 249-274.
  12. World Bank, 2005. "World Development Indicators 2005," World Bank Publications, The World Bank, number 12426.
  13. Dollar, David & Kraay, Aart, 2001. "Trade, growth, and poverty," Policy Research Working Paper Series 2615, The World Bank.
  14. Fujiki, Hiroshi & Nakada, Sachiko-Kuroda & Tachibanaki, Toshiaki, 2001. "Structural Issues in the Japanese Labor Market: An Era of Variety, Equity, and Efficiency or an Era of Bipolarization?," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 19(S1), pages 177-208, February.
  15. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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Cited by:
  1. Mark Weisbrot & Rebecca Ray, 2011. "The Scorecard on Development, 1960-2010: Closing the Gap?," CEPR Reports and Issue Briefs 2011-09, Center for Economic and Policy Research (CEPR).

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