By the winner of the 1988 Nobel Prize in Economics, an essential and paradigm-altering framework for understanding economic development--for both rich and poor--in the twenty-first century. Freedom, Sen argues, is both the end and most efficient means of sustaining economic life and the key to securing the general welfare of the world's entire population. Releasing the idea of individual freedom from association with any particular historical, intellectual, political, or religious tradition, Sen clearly demonstrates its current applicability and possibilities. In the new global economy, where, despite unprecedented increases in overall opulence, the contemporary world denies elementary freedoms to vast numbers--perhaps even the majority of people--he concludes, it is still possible to practically and optimistically restain a sense of social accountability. Development as Freedom is essential reading.

Amartya Sen uses his 1999 work Development as Freedom to evaluate the processes and outcomes of economic development. Having come to the conclusion that development is best summed up as the expansion of freedom, Sen examines traditional definitions and understandings of the term. He says people tend to think of freedoms as economic (the freedom to enter into market exchanges) or political (the freedom to vote and be an active citizen), and tries to understand why the definition has been so narrow hitherto. He concludes that an evaluation of true freedom must necessarily include the freedom to access social services such as healthcare, sanitation and nutrition, just as much as it must acknowledge economic and political freedoms. Evaluating the relevance of the current thinking behind development, Sen concludes that the term ‘freedom’ cannot simply be about income. In many ways, measuring income does not account for various “unfreedoms” (manmade or natural bars to wellbeing) that hinder development. Sen’s evaluation is all the more powerful for its clarity: "The freedom-centered perspective has a generic similarity to the common concern with "quality of life."

Since the publication of Nobel Laureate Amartya Sens flagship book "Development as Freedom," development has been redefined in terms of human capability and opportunity. This approach has come to underpin the United Nations Development Programs influential Human Development Reports, and has had considerable significance in both academic and policy circles.

This book investigates how global value chain governance, public institutions and strategies in the area of industrial policy and industrial relations by stakeholders such as national or global trade unions, governments, companies or international NGOs shape upgrading in the Global South. A special feature is its interdisciplinarity, combining sociological, economic, legal and political dimensions. Case studies systematically compare different industry trajectories. Furthermore, it encompasses far-reaching insights into the role of global value chains for development, economic catching-up of countries and socio-political aspects such as working conditions and interest representation.