HDR 1992 - Global Dimensions of Human Development
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Undp: Human Development Report Office (HDRO) United Nations Development Programme (UNDP)
in Human Development Report (1990 to present) from Human Development Report Office (HDRO), United Nations Development Programme (UNDP)
Abstract:
The world has a unique opportunity to use global markets for the benefit of all nations and all people. The 2002 Report looks at the workings of these global markets - at how they meet, or fail to meet, the needs of the world's poorest people. The outcome of this task highlights a serious problem: the richest 20% of the population now receives 150 times the income of the poorest 20%. While supplementing the analysis of domestic policy issues, this Report attempts to place global markets in proper perspective. It suggests a two-pronged strategy to get out of the dilemma of equitable distribution. First, making massive investments in their people and strengthening national technological capacity can enable some developing countries to acquire a strong competitive edge in international markets (witness the East Asian industrializing tigers). Second there should be basic international reforms, including restructuring the Bretton Woods institutions, setting up setting up a Development Security council within the United Nations, and convening a World Summit on Social Development to consider a global compact for all nations and all people.
Keywords: human development; markets; growth; distribution; global equity; reform (search for similar items in EconPapers)
JEL-codes: A0 B4 C0 C5 D0 E0 F0 G0 H0 I0 J0 K0 L0 L3 O1 O2 O5 Q0 R0 Y1 Y8 Z0 (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:hdr:report:hdr1992
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