Development and Thinking at the Beginning of the 21st Century
AbstractThere has been a shift, in recent years, in the understanding of the process of development. It is not a switch (as often portrayed) from a state-dependent view of development to a market-reliant view. Rather, it involves rejecting a "blood, sweat and tears" view of development in favour of celebrating people's agency and cooperation and the expansion of human freedom and capabilities. The market as an institution fits into this bigger picture. So do human rights and democratic values, especially as the vehicle of political incentives (complementing economic incentives). It involves, ultimately, a fuller view of human beings.Contents: 1) Experiences and Lessons; 2) Blood, Sweat and Tears? 3) Hard Build-up and the Role of Accumulation; 4) Hard Business and the Fear of ?Bleeding Hearts?; 5) Hard States and the Denial of Political Rights; 6) Capability Expansion: Human Capital and More; 7) Weights, Values and Public Participation.
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Bibliographic InfoPaper provided by Suntory and Toyota International Centres for Economics and Related Disciplines, LSE in its series STICERD - Development Economics Papers - From 2008 this series has been superseded by Economic Organisation and Public Policy Discussion Papers with number 02.
Date of creation: Mar 1997
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Web page: http://sticerd.lse.ac.uk/_new/publications/default.asp
Economic development; capabilities; hard states; political incentives; role of public discussion; valuational weights.;
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- L.A. Duhs, 2008. "SEN’S ECONOMIC PHILOSOPHY Capabilities and Human Development in the Revival of Economics as a Moral Science," Discussion Papers Series 366, School of Economics, University of Queensland, Australia.
- Hector Rocha, 2004. "Entrepreneurship and Development: The Role of Clusters," Small Business Economics, Springer, vol. 23(5), pages 363-400, October.
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