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Social development is economic development

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Author Info

  • Birdsall, Nancy

Abstract

The author makes four main points in this paper: (1) social development, in addition to improving human welfare directly, is an excellent investment. The hard-nosed economic fact is that it contributes to economic growth. Even a narrow interest in growth for growth's sake dictates putting your money into social development programs; (2) however, investing in social development does not guarantee growth all by itself, so those concerned with social progress cannot absent themselves from the larger debate about other aspects of economic policy in their countries; (3) moreover, making social programs work is not simple -- not politically, not technically, and not administratively; (4) still, we know from the experience of some of the poorest countries that it can be done.

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File URL: http://www-wds.worldbank.org/servlet/WDSContentServer/WDSP/IB/1993/04/01/000009265_3961004114604/Rendered/PDF/multi_page.pdf
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Bibliographic Info

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 1123.

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Date of creation: 30 Apr 1993
Date of revision:
Handle: RePEc:wbk:wbrwps:1123

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Related research

Keywords: Health Monitoring&Evaluation; Primary Education; Poverty Assessment; Agricultural Knowledge&Information Systems; Early Child and Children's Health;

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Cited by:
  1. Ranis, G. & Stewart, F., 2000. "Strategies for Success in Human Development," Papers 808, Yale - Economic Growth Center.
  2. Ranis, Gustav & Stewart, Frances & Ramirez, Alejandro, 2000. "Economic Growth and Human Development," World Development, Elsevier, vol. 28(2), pages 197-219, February.
  3. Ozturk, Ilhan, 2001. "The role of education in economic development: a theoretical perspective," MPRA Paper 9023, University Library of Munich, Germany.
  4. Anand, Sudhir & Sen, Amartya, 2000. "Human Development and Economic Sustainability," World Development, Elsevier, vol. 28(12), pages 2029-2049, December.
  5. Gustav Ranis, 2000. "Strategies for Success in Human Development," Working Papers 808, Economic Growth Center, Yale University.
  6. Gruber, Lloyd & Kosack, Stephen, 2014. "The Tertiary Tilt: Education and Inequality in the Developing World," World Development, Elsevier, vol. 54(C), pages 253-272.

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