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Markets, Institutions And Millennium Development Goals

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  • Mwangi S. Kimenyi

Abstract

The Millennium Development Goals (MDGs) may have noble objectives but there are concerns that the associated transfer of resources from wealthy to poor countries could be counter‐productive in terms of long‐term economic performance. Reforming the institutions of governance and removing barriers that hinder the efficient functioning of markets are the most effective ways for poor countries to achieve MDGs. Poor countries can also improve living standards by relying on market forces rather than monopolistic public agencies for the delivery of services.

Suggested Citation

  • Mwangi S. Kimenyi, 2007. "Markets, Institutions And Millennium Development Goals," Economic Affairs, Wiley Blackwell, vol. 27(2), pages 14-19, June.
    • Handle: RePEc:bla:ecaffa:v:27:y:2007:i:2:p:14-19
    DOI: 10.1111/j.1468-0270.2007.00725.x
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    References listed on IDEAS

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    1. Berggren, Niclas, 2003. "The Benefits of Economic Freedom: A Survey," Ratio Working Papers 4, The Ratio Institute.
    2. Olson, Mancur, 1993. "Dictatorship, Democracy, and Development," American Political Science Review, Cambridge University Press, vol. 87(3), pages 567-576, September.
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    Cited by:

    1. Joshua C. Hall & Serkan Karadas & Minh Tam T. Schlosky, 2016. "Spatial Spillover Effects of Debt Relief from the Heavily Indebted Poor Countries (HIPC) Initiative," Working Papers 16-23, Department of Economics, West Virginia University.
    2. Mwangi S. Kimenyi, 2007. "Institutional Infrastructure to Support 'Super Growth' in Kenya: Governance Thresholds, Reversion Rates and Economic Development," Working papers 2007-32, University of Connecticut, Department of Economics.
    3. Frank Iyekoretin Ogbeide & Hillary Kanwanye & Sunday Kadiri, 2015. "The Determinants of Unemployment and the Question of Inclusive Growth in Nigeria: Do Resource Dependence, Government Expenditure and Financial Development Matter?," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 11(2), pages 49-64.
    4. Victor I. Espinosa & Miguel A. Alonso Neira & Jesús Huerta de Soto, 2021. "Principles of Sustainable Economic Growth and Development: A Call to Action in a Post-COVID-19 World," Sustainability, MDPI, vol. 13(23), pages 1-14, November.
    5. Ugur, Mehmet & Dasgupta, Nandini, 2011. "Corruption and economic growth: A meta-analysis of the evidence on low-income countries and beyond," MPRA Paper 31226, University Library of Munich, Germany, revised 31 May 2011.

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