Growth capabilities and development: implications for transition processes in Cuba

Article Abstract:

The capabilities approach is a concept developed by the UN to bring the issue of standard of living from a philosophical realm to a practical level in addressing the problem of poverty. The implementation of the capabilities approach and its application to Cuba's economic development were studied. It was concluded that the capabilities approach useful in improving the worst consequences of the economic crisis. The application to Cuba demonstrated the limitations of this approach when factors such as standard of living and cost shifting in providing social services are ignored.

Cuba, Poverty, Cost and standard of living, Cost of living

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The economics of development: the procrustean bed of mainstream economics

Article Abstract:

The 'Handbook of Development Economics' provides an excellent overview of the field of development economics and what its practitioners do and have already accomplished. However, its treatment of development economics, a highly complex topic, is at best simplistic because of the authors' strict adherence to orthodox analytical frameworks and techniques. Unless economists accept the value of other non-traditional approaches, the field of development economics will have little change of achieving progress.

Models, Economics, Developing countries, Literature

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Political instability, freedom, and economic growth: some further evidence

Article Abstract:

Political and institutional factors have been found to affect economic growth. Recent studies on economic growth indicate that the absence of civil and political freedom is inversely related to economic growth. Political instability hampers economic growth since capital and labor is reduced. A simple growth model is developed to study the relation of political instability and lack of freedom on economic growth.

Democracy

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