Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/107401
Authors: 
Michael, Bryane
Year of Publication: 
2015
Abstract: 
The Bruneian Government has set an ambitious target to achieve a top 10 ranking on the UNDP’s Human Development Index (HDI) by 2035. To achieve its objective (described in a national strategy document called the Wawasan 2035), Brunei’s economy needs to grow by 6%-7%. Is setting an HDI target a good way to govern Brunei’s policymaking? Is it a good way to govern any country’s policymaking? In this paper, we look at the role HDI-rank targets play on economic and fiscal policy. We show that such a headline target (much like a profit target in a private company setting) automatically sets targets for growth in various economic sectors and fiscal policy targets. As such, HDI-rank targeting may provide a useful mechanism for co-ordinating development policies and for monitoring progress against a wide range development goals using only one number.
Subjects: 
Human Development
Brunei
Dynamic Optimization
Urban Planning
JEL: 
F63
O11
L74
C61
Document Type: 
Preprint

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