Economic and Social Development and Causes of Underdevelopment :: human capital approach to education

Q1. What is knowledge? Outline an interpretation of this concept that you scent is most appropriate, with reference to at least two of the ideas proposed in the course. harmonise to Aristotle, Wealth is evidently not the good we are seeking for it is simply useful and for the sake of something else (Classics.mit.edu, 2014). According to Sen also (1999, pp. xi), we are many measure mystifyinger than a century ago. Yet many good deal are calm unhappy. Hence, description of development should encompass a scenario, where money is means, and not the ends of development. Therefore, Development fecal matter be seen, as a process of expanding the real freedoms that people enjoy (Sen, 1999, pp.3). These freedoms mainly include political freedoms, economic facilities, companionable opportunities, enhancer guarantees, and protective security. The alternative where development is mainly characterized as economic step-up poses many limitations on peoples living conditions. For example , imagine rich women living in a wealthy country, where women risk punishment, from state, for expressing opinions publicly, attending education, expiration out in public alone, etcetera Even if that country has genuinely high Gross domestic product (GDP), the rich women might not achieve their preferred conditions for living.However, economic-growth is very important as means for expanding freedoms, as it can be used to provide for food, clothes, hospitals, social care etc. Defining of development as freedoms rather than just economic-growth will booster to focus in fulfilling broader human needs. For example, political freedoms through free diction and election can help to promote participation. Participation in social opportunities such as education and wellness can promote bodied economic growth (Todaro and Smith, 2011, pp.359). Economic participation and protective security can increase personal wealth, which can be invested in social facilities, food, health etc. (Sen, 1 999, pp.11)Despite all this, Sens (1999) definition has been criticized for not analysing the model in which the freedoms occurs, namely unequal power distribution at twain national and international level.In 2000, 16.7% of population controlled two-thirds of land in Bangladesh. As a result, around half of population were vulnerable to famine make up though Bangladesh is a democratic country and has political freedoms. Hence, Sens definition of development cannot work practically without analysing power distribution, or who has control over resources (Navarro, 2000, pp.672).At international level, concept such as human rights is depoliticised. For example, get together Nations Human Development Reports greatly analyses the consequences of inequalities growth. But the reports fails to analyse in detail, the political topic of which countries has the influence of creating and removing these inequalities.