Concepts of Kuznets.docx - Question no 1*Prof Amartya Sen...

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Question no 1 *Prof. Amartya Sen. Amartya Sen was born in 1933 in Santiniketan, India. His early education was deeply influenced by his school's founder, Rabindranath Tagore. In 1998, Professor Sen became the first Indian and the first Asian to win the Nobel Prize in Economics; he was praised by the Swedish Royal Academy of Sciences "for his contributions to welfare economics" and for restoring "an ethical dimension" to the discussion of vital economic problems. What development Economics? Development is branch of economics which is the study of economic aspect of the development process when growth takes place, development is it's outcome during a development process a country might experience changes in its socio economic and political angles. Development mainly focuses on the economic phases. Economic development means the transformation of an economy from a low per capital income to a high income ensuring decent living standard for all citizens . The work of development economics is to understand the process of long term growth on and side and coexisting structural and institutional changes on the other side. *Traditional approach towards Development Vs Ammartya sen Approach. The greater part of the world is getting a charge out of the best way of life, the best riches, and the best opportunity to carry on with important and significant existences of whenever in mankind's history. And yet immense quantities of individuals are carrying on with lives of distinct hardship which are made much all the more shocking by the differentiation. Undoubtedly, it is the perspicuous complexity between the personal satisfaction open to certain individuals yet not others that both characterizes and censures destitution in the contemporary world: neediness is a pointless condition of hardship that can and ought to be cured. In the helpless world the overall term for the expulsion of dug in hardship is 'improvement'. Also, remediable hardship exists not just in faraway spots with little economies, outfitted clashes, or government restraint, yet likewise inside the rich world, with its destitute, jobless, debilitated, and socially avoided or trashed. Hardship can exist together with extraordinary lavishness. For example, even in a moderately rich nation with a successful government assistance state, where earnest and clear human physiological needs are to a great extent met, there might be a lot of
completely genuine ‘relative destitution, for example, hardship in the "social bases of self- respect" .The rich world also by all accounts needs advancement. We are ceaselessly gone up against with pictures of neediness and its emotional ramifications for human lives on our TV screens and papers, and furthermore with open discussion about how to get it and what to do about it. In any case, neediness is inescapable to the point that it appears to get away human understanding not to mention arrangement. There are tremendous quantities of individuals influenced in a wide range of settings. Their neediness is obvious in a wide range of

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