Growth and Human Development: Comparative Latin American Experience

Gustav Ranis and Frances Stewart

No 28376, Center Discussion Papers from Yale University, Economic Growth Center

Abstract: This paper seeks to examine the interdependence between economic growth (EG) and human development (HD). It is concerned with changes in per capita income and its two-way relationship with the basic societal objective of human development. Regressions across various Latin American countries are run for 1960-92. Country performance is separated into virtuous/vicious cycles or HD/EG lopsidedness. The study makes an attempt to correct the commonly held view that ensuring increases in economic growth automatically leads to advances in human development. Human development has to occur prior to or simultaneous with improvements in economic growth, if a country is to reach a virtuous cycle. The Latin American experience indicates that a balanced approach to development has to be adopted. It is imperative to focus on human development from the outset of any reform program, as policies that emphasize economic growth alone are futile in sustaining high levels of human development.

Keywords: Labor; and; Human; Capital (search for similar items in EconPapers)
Pages: 58
Date: 2001
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Citations: View citations in EconPapers (19)

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Related works:
Journal Article: GROWTH AND HUMAN DEVELOPMENT: COMPARATIVE LATIN AMERICAN EXPERIENCE (2001)
Working Paper: Growth and Human Development: Comparative Latin American Experience (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:yaleeg:28376

DOI: 10.22004/ag.econ.28376

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