Economic and Social Development and Causes of Underdevelopment :: human capital approach to education

Q1. What is schooling? Outline an interpretation of this concept that you feel is most appropriate, with denotation to at least two of the ideas proposed in the course.According to Aristotle, Wealth is seemingly not the good we are seeking for it is merely useful and for the involvement of something else (Classics.mit.edu, 2014). According to Sen also (1999, pp. xi), we are many times richer than a vitamin C ago. Yet many people are still unhappy. Hence, definition of evolution should encompass a scenario, where money is means, and not the ends of emergence. Therefore, Development wad be seen, as a process of expanding the real freedoms that people enjoy (Sen, 1999, pp.3). These freedoms chiefly include political freedoms, economic facilities, social opportunities, transparency guarantees, and protective security. The substitute(a) where development is mainly characterized as economic addition poses many limitations on peoples living conditions. For example, imagine rich w omen living in a wealthy country, where women risk punishment, from state, for expressing opinions publicly, attending education, going out in public alone, etc. Even if that country has very high raw domestic product (GDP), the rich women might not achieve their favored conditions for living.However, economic-growth is very important as means for expanding freedoms, as it can be used to provide for food, clothes, hospitals, social care etc. Defining of development as freedoms rather than just economic-growth will help to focus in fulfilling broader human needs. For example, political freedoms through free speech and election can help to promote participation. Participation in social opportunities such as education and health can promote collective economic growth (Todaro and Smith, 2011, pp.359). Economic participation and protective security can increase personalized wealth, which can be invested in social facilities, food, health etc. (Sen, 1999, pp.11) disdain all this, Sens (1999) definition has been criticized for not analysing the frame produce in which the freedoms occurs, videlicet unequal power distribution at both national and internationalisticistic level.In 2000, 16.7% of population controlled two-thirds of land in Bangladesh. As a result, or so half of population were vulnerable to famine even though Bangladesh is a democratic country and has political freedoms. Hence, Sens definition of development cannot work practically without analysing power distribution, or who has control over resources (Navarro, 2000, pp.672).At international level, concept such as human rights is depoliticised. For example, United Nations Human Development Reports greatly analyses the consequences of inequalities growth. But the reports fails to analyse in detail, the political topic of which countries has the submit of creating and removing these inequalities.