Closing Development Gaps: Challenges and Policy Options

Douglas H. Brooks, Rana Hasan, Jong-Wha Lee, Hyun H. Son and Juzhong Zhuang

Asian Development Review (ADR), 2010, vol. 27, issue 02, 1-28

Abstract: There are significant income and nonincome development gaps around the world. Closing these gaps will require not only increasing and sustaining economic growth in low-income regions, but also policies that close nonincome development gaps directly. Governments need to support private investment and entrepreneurship by investing in human capital and infrastructure; developing the financial sector; improving governance; and eliminating other impediments created by market, institutional, or policy failures. Policy makers should improve access to and quality of health, education, and other social services. This means better targeting and increased public spending on social services that directly benefit the poor; innovative delivery mechanisms informed by rigorous evaluation; and social protection systems. The experience of developing Asia and others has shown that external trade and finance—including foreign direct investment, remittances, and aid—play a critical role. It is therefore imperative that governments continue to promote globalization and regional integration.

JEL-codes: D60 F10 F21 F35 O10 O15 O16 O20 O24 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0116110510500071
Open Access

Related works:
Journal Article: Closing Development Gaps: Challenges and Policy Options (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:adrxxx:v:27:y:2010:i:02:n:s0116110510500071

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0116110510500071

Access Statistics for this article

Asian Development Review (ADR) is currently edited by Tetsushi Sonobe

More articles in Asian Development Review (ADR) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().