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The Scorecard on Development, 1960-2010: Closing the Gap?

Author

Listed:
  • Mark Weisbrot
  • Rebecca Ray

Abstract

This paper examines data on economic growth and various social indicators for 193 countries over the past 50 years, divided into three periods: 1960-1980, 1980-2000, and 2000-2010. The paper finds that after a sharp slowdown in economic growth and in progress on social indicators during the second (1980-2000) period, there has been a recovery on both economic growth and, for many countries, a rebound in progress on social indicators (including life expectancy, adult, infant, and child mortality, and education) during the past decade. The paper discusses some of the economic and policy changes that might explain the slowdown and rebound.

Suggested Citation

  • Mark Weisbrot & Rebecca Ray, 2011. "The Scorecard on Development, 1960-2010: Closing the Gap?," Working Papers 106, United Nations, Department of Economics and Social Affairs.
  • Handle: RePEc:une:wpaper:106
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    File URL: http://www.un.org/en/development/desa/papers/2011
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    More about this item

    Keywords

    economic development; growth; social indicators; growth failure; recovery; developing countries; education; health;

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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