Diagnostics For A Globalized World
How do you gauge the accomplishments of policy and its failures? While a number of nations are successful in optimizing a socio-economic welfare function, others are woefully falling short of the optimal frontier. Diagnostics for a Globalized World proposes a reformulation of the inherited theory of economic and social policy (codified in the 1950s by Jan Tinbergen) to find a diagnostic tool in measuring the effectiveness of economic and social policy. Using a logarithmic adaptation of data envelopment analysis, the authors explain how to rank the attainment of nations of multidimensional goals such as those expressed by the UN Millennium Development Goals (MDGs) and upcoming Sustainable Development Goals (SDGs).
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Abe Charnes best practice calculations capital causal Chapter Charnes chemical clock Commission competitiveness cost data envelopment analysis Decent developing countries development goals econometrics economic and social economic policy economists effective countries effectiveness rating efficiency employment environmental equal equilibrium exports factors Fair Globalization frontier function Geneva George Kozmetsky goal achievements growth IC2 Institute identify impact increase industrial ineffective inputs intentionally left blank International Labour Organization labor linear programming mathematical maximal measure millennium development goals Nobel observations OECD operations research optimal organizations output peers performance policy instruments policy parameters policymakers possible poverty Prigogine problem production ratio returns to scale score sector slacks social policy social protection statistical sustainable development targets TARIFF Tarverdyan Texas at Austin theory Thore Tinbergen trade University of Texas variables Washington Consensus weights welfare World Bank World Economic Forum