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The Scorecard on Development: 25 Years of Diminished Progress

Author

Listed:
  • 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.

Suggested Citation

  • Mark Weisbrot & Dean Baker & David Rosnick, 2006. "The Scorecard on Development: 25 Years of Diminished Progress," Working Papers 31, United Nations, Department of Economics and Social Affairs.
  • Handle: RePEc:une:wpaper:31
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    References listed on IDEAS

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    1. 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.
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    5. Dani Rodrik & Arvind Subramanian, 2005. "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition," IMF Staff Papers, Palgrave Macmillan, vol. 52(2), pages 193-228, September.
    6. 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.
    7. 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.
    8. World Bank, 2005. "World Development Indicators 2005," World Bank Publications, The World Bank, number 12426.
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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).
    2. Porras, Laila, 2015. "Croissance, inégalités et pauvreté au sein des pays émergents : le cas des BRICS," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 18.
    3. Bukvić, Rajko & Pavlović, Radica, 2014. "Неокласична Економска Теорија И Проблеми Економског Развоја
      [Neoclassical economic theory and the problems of economic development]
      ," MPRA Paper 70092, University Library of Munich, Germany, revised 08 Apr 2014.
    4. Bateman, Milford, 2013. "The age of microfinance: Destroying Latin American economies from the bottom up," Working Papers 39, Österreichische Forschungsstiftung für Internationale Entwicklung (ÖFSE) / Austrian Foundation for Development Research.
    5. Bukvić, Rajko, 2015. "Неоклассическая Экономическая Теория И Экономическая Действительность
      [Neoclassical Economic Theory and Economic Reality]
      ," MPRA Paper 70769, University Library of Munich, Germany, revised 2015.

    More about this item

    Keywords

    economic development; growth; social indicators; growth failure; 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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