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Growth and Human Development: Comparative Latin American Experience

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  • Ranis, Gustav
  • Stewart, Frances

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.

Suggested Citation

  • Ranis, Gustav & Stewart, Frances, 2001. "Growth and Human Development: Comparative Latin American Experience," Center Discussion Papers 28376, Yale University, Economic Growth Center.
    • Handle: RePEc:ags:yaleeg:28376
    DOI: 10.22004/ag.econ.28376
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    5. Pérez-Moreno, Salvador & Blanco-Arana, María C. & Bárcena-Martín, Elena, 2016. "Economic cycles and child mortality: A cross-national study of the least developed countries," Economics & Human Biology, Elsevier, vol. 22(C), pages 14-23.
    6. L. V. Dorofeeva & N. A. Roslyakova, 2022. "Transformations of the Socio-Economic Space of Regions: International Experience and Main Trends," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management., issue 2.
    7. Aziz, Babar & Khan, Tasneem & Aziz, Shumaila, 2008. "Impact of Higher Education on Economic Growth of Pakistan," MPRA Paper 22912, University Library of Munich, Germany, revised 2008.
    8. Sengupta, Atanu & Karmodak, Parnasudha, 2018. "Theoretical framework for Measuring Social Deprivation," MPRA Paper 89283, University Library of Munich, Germany.
    9. Clemens, Michael A. & Kenny, Charles J. & Moss, Todd J., 2007. "The Trouble with the MDGs: Confronting Expectations of Aid and Development Success," World Development, Elsevier, vol. 35(5), pages 735-751, May.
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    13. Atanu Sengupta & Abhijit Ghosh, 2010. "Negative and Positive Partial Mobility: A Study of the Relative Changes in Human Development," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 99(2), pages 249-268, November.
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    More about this item

    Keywords

    Labor and Human Capital;

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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