The paper "How the Recognition of Human Capability Variances Impact on Public Policies Globally" is an outstanding example of management coursework. The field of economics has developed and evolved over the years. In this case, the sector has over the years incorporated a series of new ideas. One of the fundamental changes in the economic phenomenon was the emergence of welfare economics. In this case, welfare economics was a new economics section that focused on evaluating the overall social wellbeing of the economic factors, besides focusing the statistical economic growth elements in the market.
In this regard, Sen developed the capability approach in the late 1980s (Sen, 1999, p. 15). This was an additional social welfare concern and approach in the welfare economics literature. In this case, the approach focused on the evaluation of human capabilities and potential. In particular, the approach focused on reviewing the nature and extent to which the capabilities of different individuals influenced their social welfare in society. Moreover, the approach developed a further in-depth analysis of the process and nature to which different external and societal factors shape and influence the individual capabilities in the market.
This essay offers a critical review of the different ideas developed under the capabilities approach that has a direct impact on human development in the society. Moreover, the essay evaluates how the recognition of human capability variances impact on public policies globally. Critical Analysis The conceptual approach as developed by Sen has a number of new ideas on human capabilities that it introduced to the welfare economics literature. In this case, one of the fundamental pillars and basis for the development of these ideas was the understanding that human capability development was not as a result of internal factors only, but also as a result of external social factors, As such, the approach argued that although different individuals could have the same internal intrinsic capability potential, different environments and factors would lead to varied capability levels in the long run periods.
This section evaluates the different ideas developed in the capability approach and how they relate to human.
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