Premium
MARKETS, INSTITUTIONS AND MILLENNIUM DEVELOPMENT GOALS
Author(s) -
Kimenyi Mwangi S.
Publication year - 2007
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2007.00725.x
Subject(s) - millennium development goals , monopolistic competition , corporate governance , business , economic growth , development economics , economics , economic system , developing country , market economy , finance , monopoly
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.