The Scorecard on Development: 25 Years of Diminished Progress

Abstract

This paper examines data on economic growth and various social indicators and compares the past 25 years (1980-2005) with the prior two decades (1960-1980). The paper finds that the past 25 years in low- and middle-income countries have seen a sharp slowdown in the rate of economic growth, as well as a decline in the rate of progress on major social indicators including life expectancy and infant and child mortality. The authors conclude that economists and policy-makers should devote more effort to determining the causes of the economic and development failure of the last quarter-century.economic development, growth, social indicators, growth failure, developing countries, education, health