Author Archives: Sylvester Osei
Firstly, development can simply be defined as a process of growth. Traditional welfare economics had focused on incomes as the main measure of well-being or development. This parameter witnessed countries being seen as developed or underdeveloped (poor) with respect to the income levels of its citizenry. Later works of renowned economist Amartya Sen included other parameters in the broader sense. His extensive works showed that poverty involved a wider range of deprivations in health, education and living standards which were not captured by income alone. Sen’s view is now widely accepted: development must be judged by its impact on people, not only by changes in their income but more generally in terms of their choices, capabilities and freedoms; and we should be concerned about the distribution of these improvements, not just the simple average for a society.