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Growth and Human Development: Comparative Latin American Experience

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  • Ranis, Gustav
  • Stewart, Frances

Abstract

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.

Suggested Citation

  • Ranis, Gustav & Stewart, Frances, 2001. "Growth and Human Development: Comparative Latin American Experience," Center Discussion Papers 28376, Yale University, Economic Growth Center.
  • Handle: RePEc:ags:yaleeg:28376
    DOI: 10.22004/ag.econ.28376
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    4. Susan Randolph & Elizabeth Kaletski, 2018. "Securing Economic and Social Rights: Obstacle or Handmaiden to Growth?," Economic Rights Working Papers 26, University of Connecticut, Human Rights Institute.
    5. Costa Junior, Celso Jose, 2012. "Institutional Barrier and the World Income Distribution," MPRA Paper 45633, University Library of Munich, Germany.
    6. Clemens, Michael A. & Kenny, Charles J. & Moss, Todd J., 2007. "The Trouble with the MDGs: Confronting Expectations of Aid and Development Success," World Development, Elsevier, vol. 35(5), pages 735-751, May.
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    8. Atanu Sengupta & Abhijit Ghosh, 2010. "Negative and Positive Partial Mobility: A Study of the Relative Changes in Human Development," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 99(2), pages 249-268, November.
    9. Mamoon, Dawood, 2017. "Why International Trade Cause Inequality in Developing Countries," MPRA Paper 82268, University Library of Munich, Germany.
    10. Aremo Adeleke Gabriel, 2013. "Trade Liberalisation, Economic Growth and Human Resource Development in Nigeria: Causal Implications (1980-2009)," Journal of Economics and Behavioral Studies, AMH International, vol. 5(10), pages 696-707.
    11. Pérez-Moreno, Salvador & Blanco-Arana, María C. & Bárcena-Martín, Elena, 2016. "Economic cycles and child mortality: A cross-national study of the least developed countries," Economics & Human Biology, Elsevier, vol. 22(C), pages 14-23.
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    More about this item

    Keywords

    Labor and Human Capital;

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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