IDSA01H3 Lecture Notes - Lecture 4: Mahbub Ul Haq, New International Economic Order, Amartya Sen
30 Jul 2016
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Document Summary
Initiated to remove the world bank as it was more focused on the views of the western nations and not in the best interests for the developing countries o. The world bank and bretton woods systems focused on basic needs approach, but the developing countries did not follow suite. The new international economic order (nieo) was initiated to revise the international economic systems that developing countries favoured. Human development: amartya sen"s capability approach : where individuals should decide what is the best for them and what development means to them (not chosen by the state whom lists x, y, z is good for everyone) o. Literacy/knowledge - mean years of schooling and expected years of schooling. Basic income/a decent standard of living - basic income is used as a proxy for access to. 3. resources for a descent living standard; measured by gross national income per capita based on purchasing power parity.
