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18. AmartyaSen_Development Thinking at the Beginning of the 21st Century

18. AmartyaSen_Development Thinking at the Beginning of the 21st Century

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Published by: varun sengar on Oct 28, 2009
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07/26/2010

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DEVELOPMENT THINKING AT THE BEGINNINGOF THE 21
st
Century
byAmartya SenHarvard University and London School of Economics and Political Science
Contents:Abstract1. Experiences and Lessons2. Blood, Sweat and Tears?3. Hard Build-up and the Role of Accumulation4. Hard Business and the Fear of "Bleeding Hearts"5. Hard States and the Denial of Political Rights6. Capability Expansion: Human Capital and More7. Weights, Values and Public ParticipationReferencesThe Suntory CentreSuntory and Toyota International Centres for Economics and Related DisciplinesLondon School of Economics and Political ScienceDiscussion Paper Houghton StreetNo. DEDPS/2 London WC2A 2AEMarch 1997 Tel.: 020-7955 6674
Paper presented at a conference on 'Development Thinking Practice', of the Inter-American Bank,Washington, D.C., 3-5 September 1996.
NB: This PDF was retrospectively created in February 2003 of the STICERDdiscussion paper previously known as DERP No.2 which was published in 1997.
 
 
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 andtears" view of development in favour of celebrating people's agency and cooperation andthe expansion of human freedom and capabilities. The market as an institution fits into thisbigger 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.
Keywords:
Economic development, capabilities, hard states, political incentives, role of public discussion, valuational weights.
JEL Nos.:
O10, D60
 © 
by Amartya Sen. All rights reserved. Short sections of text, not to exceed twoparagraphs, may be quoted without explicit permission provided that full credit, including ©notice, is given to the source.

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