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.
| Original language | English |
|---|---|
| Pages (from-to) | 1-28 |
| Number of pages | 28 |
| Journal | Asian Development Review |
| Volume | 27 |
| Issue number | 2 |
| Publication status | Published - 2010 Dec 1 |
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ASJC Scopus subject areas
- Geography, Planning and Development
- Development
Cite this
Closing development gaps : Challenges and policy options. / Brooks, Douglas H.; Hasan, Rana; Lee, Jong-Wha; Son, Hyun H.; Zhuang, Juzhong.
In: Asian Development Review, Vol. 27, No. 2, 01.12.2010, p. 1-28.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Closing development gaps
T2 - Challenges and policy options
AU - Brooks, Douglas H.
AU - Hasan, Rana
AU - Lee, Jong-Wha
AU - Son, Hyun H.
AU - Zhuang, Juzhong
PY - 2010/12/1
Y1 - 2010/12/1
N2 - 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.
AB - 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.
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UR - http://www.scopus.com/inward/citedby.url?scp=78650985872&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:78650985872
VL - 27
SP - 1
EP - 28
JO - Asian Development Review
JF - Asian Development Review
SN - 0116-1105
IS - 2
ER -