.Critically examine how Amartya Sen’s capabilities approach did
or has challenged development thinking. (1000 Words)
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.Critically examine how Amartya Sen’s capabilities approach didor has challenged development thinking. (1000 Words)
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Amartay Sen the Nobel Prize Laureate in Economics worked across UK and Us has deeply contributed to Social welfare justice and human rights His major work was into economics development of nations specifically the poor ones and developing nations His thinking of combined fiscal an D monetary policy tools and orivate spending was gamechanger in creating widescale growth and magnitude For example in US the nation to grow needs combination of expansionary monetary and fiscal policy automatic stabilizers and structural changes to revive from recession like Coronavirus commensurately his commentary on US China Trade war was backed by Keynesian economics Application of Amartya Sen Ideological beliefs Spike in inflation last year was accustomed due to higher energy prices of crude oil and higher demand and spending which crossed inflation in CPi terms to 23percent The unemployment in 2019 has remained at 393 percent to 378 percent range and has decreased gradually due to higher capital expenditure by
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