FINANCING HUMAN-DEVELOPMENT - SOME LESSONS FROM ADVANCED ASIAN COUNTRIES

This paper brings together the main conclusions of a study which has a nalyzed public expenditure policies pursued by today's advanced Asian economies (AAE) and their policies for financing the provision of educ ation and health services during the high-growth phase. The AAEs combi ned prudent low-deficit fiscal policies with large allocations for soc ial services. This was combined with efficient public resource allocat ion within the social sectors for basic education and health services, and reliance on the private sector for higher levels of education and expensive curative health-care. AAE experiences with health insurance also hold useful lessons for today's developing countries. (C) 1998 E lsevier Science Ltd. All rights reserved.