My Comprehension Of Development Deficiency

905 WordsOct 10, 20144 Pages
We live in a world where the development is a primary and scarce good high in need and “demand “but is short in “supply” creating “development deficiency” (this much is agreed by many despite limited comprehension of the process of development itself and its ultimate fruits). Poor countries are in need of development taking into consideration they do not have assets to “back up” in contrast to emerging economies that are on the demand side given their economic assets. By “development deficiency” I mean we need and there is a potential “to produce” more development. My comprehension of development is simple –social transformation promising better life, more opportunities with open arms. I associate better life with the quality of it, meaning even, how long we live may not “have a say” in this respect. As defined by Amartya Sen (1983), development involves centring on human “entitlements” perceived as rights and opportunities available rather than concentrating on economic indicators such as a personal income, GDP per head, total production and so on. He argues that development can be seen as expanding freedoms such as economic facilities, political freedoms, social opportunities, and it is the main target and the means of development. There is a distinction between “ends” and “means” of development. “Wealth is evidently not the good we are seeking; for it is merely useful and for the sake of something else” (Aristotle, Nicomachean Ethics). While economic indicators, that
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