Financial Sector Development and the Millennium Development Goals
This study investigates the relationship between financial sector development and progress in reaching the Millennium Development Goals (MDGs). It assesses the contribution of countries' financial sector development to achieving the MDGs. The...
Main Authors: | , |
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Format: | Publication |
Language: | English en_US |
Published: |
Washington, DC: World Bank
2012
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2006/12/7406454/financial-sector-development-millennium-development-goals http://hdl.handle.net/10986/7145 |
Summary: | This study investigates the relationship
between financial sector development and progress in
reaching the Millennium Development Goals (MDGs). It
assesses the contribution of countries' financial
sector development to achieving the MDGs. The focus is on
the relationships between financial development and economic
welfare and growth, and the following four MDG-themes:
Poverty, Education, Health, and Gender Equality. In doing
so, the book reviews the theoretical channels, surveys
existing empirical evidence - both cross-country and case
study evidence, and provides new evidence. Financial Sector
Development and the Millennium Development Goals finds that
financial development is an important driver for economic
welfare in that it reduces the prevalence of income poverty
and undernourishment. In addition, new evidence is provided
of a positive association between financial development and
health, education, and gender equality. |
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