ABCDE 2011: Keynote address by Amartya Sen

An inspiring keynote address provided participants of the ABCDE 2011 event with great food for thought and set the tone for the discussions that will inform this year conference.

Amartya Sen (Harvard University) at the ABCDE 2011

Amartya Sen, Harvard University, at the ABCDE 2011

Professor Amartya Sen, Professor of Economics and Philosophy at Harvard University and formerly Honorary President of OXFAM, focussed his speech on the issue of growth-mediated development. According to Mr. Sen, a rapid  economic growth can have positive effects on development and poverty reduction. It reduces public debt and deficit and can enhance living standards and quality of life of the people. However, this depends also very much on how public policies make effective of the surplus generated by economic growth.

According to Mr. Sen, there are different approaches of economic mediated growth. In this sense, China and India have been using the revenues of economic growth in different ways, with China making greater use of these revenues for development purposes.

Mr. Sen went on underlining the need to combine growth mediated development with democratic governance: the decisions about public policies need to emerge for a transparent, open debate, where the public is engaged in demanding justice and development. In India, there is public debate around economic policies but the level of engagement is still low and involves only a minority of Indian. It is therefore important to broaden the rhetoric of development so to make sure that the economic growth benefits an increasing percentage of the population.

Finally, Mr. Sen concluded his talk with few reflections on the economic crisis that is shaking Europe and its common currency. In his views, today’s Europe needs broad democratic public reasoning and growth mediated development; this experience will be valuable not only for Western countries but for developing countries as well.

You can follow the conference on Twitter (#ABCDE) and online at  http://www.worldbank.org/abcde2011

Advertisements

About Connect@GDNet
GDNet: Be seen. Get connected. Step up. GDNet is about connecting researchers from the Global South to those with the power to make a difference. Showcasing southern research: GDNet provides southern researchers with a platform to profile their work and opportunities to engage with others working in development policy and practice. Providing the latest research and data: GDNet provides free use of a number of online services to its eligible members. Building confidence: GDNet is committed to helping southern researchers communicate their research more effectively and is proud of its excellent range of training events and learning materials.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: