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Development thinking at the beginning of the 21st century

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  • Sen, Amartya

Abstract

There 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.

Suggested Citation

  • Sen, Amartya, 1997. "Development thinking at the beginning of the 21st century," LSE Research Online Documents on Economics 6711, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:6711
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    File URL: http://eprints.lse.ac.uk/6711/
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    Citations

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    Cited by:

    1. Nadeem Ul Haque & Durr-e-Nayab, 2022. "Pakistan Opportunity To Excel: Now And The Future," PIDE Monograph Series 2022:1, Pakistan Institute of Development Economics.
    2. Antonio Andreoni & Ha-Joon Chang, 2017. "Bringing production and employment back into development: Alice Amsden’s legacy for a new developmentalist agenda," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 10(1), pages 173-187.
    3. Maurizio Sajeva & Marjo Maidell & Jonne Kotta & Anneliis Peterson, 2020. "An Eco-GAME Meta-Evaluation of Existing Methods for the Appreciation of Ecosystem Services," Sustainability, MDPI, vol. 12(18), pages 1-47, September.
    4. Antonio Andreoni, 2013. "Rethinking Microfinance: Towards relational credit practices for sustainability," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 2013(1), pages 181-190.
    5. Viput Ongsakul & Salil K. Sen, 2019. "Low Carbon Energy Symbiosis for Sustainability: Review of Shared Value-based Policy Metabolism to Enhance the Implementability of the Sustainable Development Goals in Asia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(2), pages 24-30.
    6. Muriel Gilardone, 2018. "The influence of Sen’s applied economics on his “social choice” approach to justice: agency at the core of public action to remove injustice," Economics Working Paper from Condorcet Center for political Economy at CREM-CNRS 2018-01-ccr, Condorcet Center for political Economy.
    7. Nadeem Ul Haque & Durr-e-Nayab, 2022. "Opportunity to Excel: Now and the Future (Presidential Address)," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 61(1), pages 105-137.
    8. 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.
    9. Antonio Andreoni & Ha-Joon Chang & Isabel Estevez, 2021. "The Missing Dimensions of the Human Capabilities Approach: Collective and Productive," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 33(2), pages 179-205, April.

    More about this item

    Keywords

    Economic development; capabilities; hard states; political incentives; role of public discussion; valuational weights.;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • D60 - Microeconomics - - Welfare Economics - - - General

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