Structural adjustment, governance, economic growth and social progressManmohan Agarwal and Sayan Samanta Journal of International Trade & Economic Development, 2006, vol. 15, issue 3, pages 387-401 Abstract: This paper analyses the interconnection between social achievement, structural adjustment, governance and economic performance. It does this by developing indices to measure social progress, measured by achievement of the Millennium Development Goals, and structural adjustment, measured by achieving the goals specified in the Washington consensus. These indices are constructed using the technique pioneered by Nagar & Basu, which uses the information contained in the correlation among the different indicators. Governance is measured by an index developed by the World Bank, and economic performance by growth of per capital income. Economic growth is not correlated with social progress, structural adjustment or governance. However, structural adjustment is not inimical to social progress. Furthermore, while the governance index is not correlated with growth of per capita income it is very highly correlated with social progress. Keywords: Social progress; structural adjustment; governance; economic growth (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: http://EconPapers.repec.org/RePEc:taf:jitecd:v:15:y:2006:i:3:p:387-401 Ordering information: This journal article can be ordered from Access Statistics for this article Journal of International Trade & Economic Development is edited by Pasquale M. Sgro and Bharat R. Hazari More articles in Journal of International Trade & Economic Development from Taylor and Francis Journals |
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