BUILDING HUMAN CAPABILITIES THROUGH SERVICIE SECTOR INVESTMENT

Saseendran, Prasanth; Martínez Rodríguez, María Concepción y Marcelino Aranda, Mariana (2019): BUILDING HUMAN CAPABILITIES THROUGH SERVICIE SECTOR INVESTMENT. In: Desigualdad socio-espacial, innovación tecnológica y procesos urbanos. Universidad Nacional Autónoma de México y Asociación Mexicana de Ciencias para el Desarrollo Regional A.C, Coeditores, Ciudad de México. ISBN UNAM Volumen III: 978-607-30-2642-0 ISBN UNAM Obra completa: 978-607-30-2621-5 ISBN AMECIDER Volumen III: 978-607-8632-08-4 ISBN AMECIDER Obra completa: 978-607-8632-06-0

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Resumen

Development of a country is most commonly defined in the capitalist conventionality through the GDP figures. It hardly mentions the quality of life or capabilities of the people living the country. People are the real wealth of a country. This article discusses the examples of some countries, which are successful in building capabilities among its people despite of being a small economy. Breaking the conventional narratives of economic development, these countries gave thrust towards the service sector along with the primary and secondary sectors. Expansion and universalization of essential services like health and education; they have enriched the capabilities of the people and controlled the difference between the rich and poor by resisting the capitals intrusion. These countries have partially acquired the ideas of capability theory of Amartya Sen. Development is not just GDP, development should consider the wellbeing of under privileged section too. It should minimize the gap between the rich and the poor. The examples being discussed in this writing has the highest human development indices, which are equal to the developed countries who are several fold bigger economies while comparing. Poverty alleviation and human development in these countries are ahead of the millennium development goals. Debating on these development models will bring new ideas and practices to the rest of the developing countries around the world.

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