Revisiting the security-development nexus: Human security and the effects of IMF adjustment programmes

The concept of 'human security' holds promise of capturing the strong connections between economic development and personal security that has ushered in the debate about the 'security-development nexus' in policy circles. Human security is understood as the ability of states to protect the security of their citizens and to cater to their basic socioeconomic needs. However, the literature on human security is fragmented, leaving applied researchers without a workable definition and a convincing measurement strategy. Part of this problem is due to the fuzziness of the concept and the ambition to associate an ever-increasing set of dimensions with the concept, which renders empirical analysis moot. Following a review of the related literature, we collect measures aligning with 'freedom from fear' and 'freedom from want', representing the varied discourse on the human security concept. Employing confirmatory factor analysis on 11 indicators, we demonstrate the existence of a single latent factor and extract their common variation to generate a new Human Security Index. We validate the index by comparison against known proxies and related measures. We then present a first empirical application examining the human security implications of IMF programmes, finding that IMF programmes undermine human security, accounting for non-random selection into IMF programmes.