Economic Development: Development /as/ Freedom
Much of the world still faces the daily pain of poverty and inequality. Developing countries have to accelerate their growth rates, eradicate poverty, reduce inequalities, create productive employment, and address pressing environmental concerns. We will examine the major analytic and policy issues raised by these challenges and study the need for a productive balance between market forces and positive state action. We will pursue this against the backdrop of Nobel Laureate Amartya Sen’s path breaking work, “Development as Freedom” and bring in case studies from Asia, Latin America and Africa. We will focus on different development strategies adopted, choice of policy instruments, methods of implementation, all the while asking if development is indeed an integrated process of expansion of substantive human freedoms that connect with one another for a higher purpose. (ECON 150 or ECON 155, or by permission) 3 hrs. lecture and discussion.