Amartya
(1997)
Development thinking at the beginning of the 21st century.
DEDPS,
2.
Suntory and Toyota International Centres for Economics and Related
Disciplines, London School of Economics and Political Science, London,
UK
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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.
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