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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.
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