Strengths and Weaknesses of Sen’s Theory of Development

Pheonixing Activities in the Economy
August 23, 2022
UK Government’s Proposed Cuts to Solar Power Subsidies
August 23, 2022

Strengths and Weaknesses of Sen’s Theory of Development

1.      Abstract

The first Asian and Indian economist who win the Nobel Prize in Economics, Amartya Sen argues that human development is highly connected with citizen’s capabilities (Corbridge, S. 2002). His impact in economics is significant. Economist Amartya Sen contributed in different social fields such as welfare economics, social choice theory, economic and social justice, economic theories of famines as well as developing the indexes of the measure of well-being of citizens of developing countries.

Get Help With Your Essay

If you need assistance with writing your essay, our professional essay writing service is here to help!

Essay Writing Service

In the history of development economics, economic issues such as GDP has been thought of as a key factor. In recent years, there has been an increasing interest in social factors influencing economic development. Sen states that ultimate goal of development and economic growth is extension of freedoms as well as through expanding and increasing these freedoms will help nations to develop (Sen, 2010). According to the Sen, freedom indicates expanding nation’s access and opportunities, therefore lead the country to the higher development.

Broader perspective has been adopted by Uvin, who argues that Sen’s theory lacks politically based analysis which proves the approach (Uvin, 2010). This paper will review the strengths and weaknesses of Sen’s theory of development as freedom.

2.      Survey of literature must cover relevant theoretical and empirical papers that deal with the chosen topic including any gaps that you can identify

Sen’s study hugely impact on the update of new idea in social economics early in 2000s. In this respect, development is not only consider the economic issues but also it tightly connected with the human rights as a basic part (Uvin, 2010). Sen has targeted on the well-being of those at the backside of society, not the effectivity of these at the top (Longworth, 1999)

According to the Sen, freedom is expands by democracy and the human rights. Sen stated that if increase of poor people income has positive effect in the enlargement of their freedoms. A certain study, development of freedom indicated that freedom identifies sustainability of economics and ensuring general welfare of the country’s nation. Sen evidently reveals applicability and possibilities of awareness of individual freedom in political, historical, intellectual or religious tradition. Prior research of Sen suggests that different types of unfreedom limits the human’s choice and opportunity in that case eliminating that unfreedom could lead to the development (Sen, 1999) For Sen, freedom means expanding people’s access and prospects to the basic needs for social activities. The underlying concept is that governments of developing countries decrease public funding in education, household, healthcare and social welfare in results economic growth wouldn’t provided as poor and non-educated nation could not produce at high rates. Sen’s research indicates that capacity approach or functioning that need to achieve. Sen recognized between well-being and organization, vital to recognize ‘other-regarding’ values as well. The capability approach discusses the world-known popular views. He manages to convince sceptical economists that social desire and public discussion is both feasible and indispensable (Evans, 2012).