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Amartya Sen Ing

Amartya Sen Ing

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Published by sabercuenta

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Categories:Topics, Art & Design
Published by: sabercuenta on Apr 20, 2011
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04/20/2011

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FinancialEducaionSummitMexico
Oty,
arch3,2011
DEVELOPMENT,FREEDOM
ANDeqUITY:THERCHOF
FINANCIAL
EDUCATIO
Amartya
Sen
1
Thegreateleanpoeandrler,Octa
10
Paz,madeheondeulremark,
0
readapoemistohear
j
wit
ourees;
0
hear
i
is
0
see
i
wi
hourears."Agrapoemengagesallourfaculties.Wearesimultaneouslymformed,arcusdandnrglzedbythemovingnatureofhethoughtthaapoemcanconey.There
IS,
Ibelieve,somet109of
t
eInspirationalqual'ofpoetryineeryidaofdeelopment,:vhichisaimedarnaingordinarypeopleleadlivesofmuchgraterfreedomandfulfllmn.This,bytheay,isnohedpressinglynarrowvIewofdeelopmentthatsomeextbooksinmainstreameconomicsoffer,concentraIngonlyonhegrohofnaIonalincomeandgrossnaionalproduct(heGP),bamuebroaderunderstandingof
dey
lopmentInterms
0
epandlnghumanfreedomsandcapabih
I
S
ofhumanbeings.Inachievingdevelopmeninhislargersense,ecanmakegooduse
0
incomesandnatonalproducts,andas
I
willpsen
Iy
argue-also
0
goodinancialInsIulons,buhe
msprrauonal
aspect
0
developmentIsnotoneofnancialaccouningbofvaluaionalunderstanding.Infosteringfinancialeducaion,rthvhtchhismeeing'sdirectlyconcerned,ehavetogomuchbeondthesoundnessofnance
0
theprofoundimpoancofhumanreedorn.Thedifferenlnstltions-inancial,
econornrc,
politicalandSOCial-acanfaalitaedevelopmenhave
0
beassessedanddesignedinline.hourbaSICobiecnves.whaultimatelyrnaerWehave
0
graspheseconerns,Indudinghepontlalrichness
0
humanliveshaIs
 
Page2sooftnmpoverishdbydrcurnsancesbeyondthendlvidual'scontrol,andconsiderthedifferentinstruments,includingnancialfadlitiesandfinancialeducationthacanhelpadvancsocialjusticeandfairness.Thepo
try
ofdevelopmenhastobgraspdfirst,ndthishastoguldheproseofinstitutions,arrangementsandlearning.Theproseneedtobegood
00-
themeetingodayismuchabouthat-bu.alsohastobeinspiredandmotivatedby
the
visionofabetterorldwithgreaterhumanfreedom.
2
1hrelationshipbtweenfreedomanddeylopmenhasbeendbtdexplicityorbvImplication-foaverylong1m.Whilesome
see
freedomasagreatallyofprogress,othersareearfuloflndlvidualfreedomasaspoilerofdevelopmentandasasourceofadversity.Thelauergroupcanentertaindisparatebeliefs,heldbdiffrnt(andoftenconflicting)schoolsofhought,ithverydifferentdiagnosesoftheallegedpoison:democraticrights,civilliberties,freedomofmarettransactions,orbaSICsocialopportuniies(suchasheemancipaioninvolvedinwomen'sbeingschooled).Theircommonsuspiclonof
Ire
domcanleadtoheadvocacyandlmpcsttton-ofunfredomofonekindoranother,
10
political,economic,orsocialfields.Iisimportanttocouner,inacomprehensiveandcongruousway,
t
ediversemanifestationsofhisscepnosmaboufreedom,whichcanbfoundplenifullyacrosshecontemporaryorld,andIhaveaumpted
0
conrrbuttohaaskInabookcalledDevelopmentasFreedom.Incontraswieachofthesedistinctviews,agoodstartingpoinfortheanalysisofdevelopmentcanbehebasicrcognlionthatfredomisboth
(1)
heprimaryobjective,and(2)theprlnopalmeansofdeelopment.TheformerIsanevaluativeclaimandincludesappreaatlonoftheprlndplethatheassessmentofdevelopmencannotbedivorcedfromthelivesthapeoplecanleadandthrealfreedomsthaheyenjoy.0velopmentcanscarcelybeseenmerelyIntermsofenhancemen
0
Inertobjectsofconvenience,suchasarise
 
Page3intheGNP(orinpersonalincomes),orindustrializaion,ortechnologicaladvance,orsocialmodernization.Theseare,ofcourse,valuable·oftencrucially
rmpcrtant-
accomplishments,buttheirvaluemustdependonvhaheydotothelivesandfreedomsofthepeopleinvolved.Therelationbeil'eenfreedomanddevelopmengoes,however,wellbeyondhisconstitutiveconnection.Freedom
Is
notonlytheultimaeendofdevelopmen,
It
isalsoacruciallyeffectivemeans.Thisacnoledgmentcanbebasedonempiricalanalysisoftheconsequencesof
and
interconnectionsbetween-freedomsofdistinctkinds,andonheevidencehatfreedomsofdifferenttypestypicallyhelp
0
sustaineachother.Whatapersonhastheactualcapability
0
achieveisInfluencedbyeconomicopportunities,politicalhbertles,socialfadlitles,andheenablingconditionsofgoodhealh,basiceduca'on.andtheencouragemenandcultivationofintlatives.Theseopportunitiesare,toagreatextent,mutuallycomplementary,andtendtoreinforceereachanduseofoneanother,Afreedomcentredvewofdevelopmenhasseveraladvantagesovermoreconvenionalviews.First,
It
providesadeeperbastsofevaluation
0
development,allowingustoconcenrateontheobjectiveofindividualfreedomratherthanmerelyonproximatemeanssuchasthegrowthofGPorindustriallzaionortechnologicalprogress.Theenhancementoflivesandlibertieshasintrinsicrelevancehatd1SinguishesIt(am,say,heenlargemenofcommodityproductioorofothermaterialsofconvenience.Second,sincefreedomsofdifferentkindscanributetoenhancingfreedomsof
0
herkinds,afreedom-centredvievalso
0
ersInstrumentalinsights.
By
focusingontheinterconnectionsbetweenfreedomsofdifferentypes,
it
akesuswellbeyondthenarrowperspectiveofseeingachfreedominIsolationWeliveinaaridofmanyinstitutions(involvingthemarke,hebanks,thegovernmen,theJudiciary,hepolicalparties,themedia,andsoon),andehavetoseehowtheycansupplemenandstrengtheneachother,ratherhangeng
tn
eachother'say.

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