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CAIRO BOOKS's Description
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.