Markets, Institutions, and Millennium Development Goals

June 1, 2007

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 counterproductive 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.

 

Citation (Chicago-Style)

Kimenyi, Mwangi S. "Markets, Institutions, and Millennium Development Goals." Economic Affairs 27 (2)(2007):14-19.