Education is one of the surest ways for individuals to expand their capability set and can even be inherently valuable. This paper questions the assumption that education is something that all ‘have reason to value’ if it does not bring clear benefits but rather interrupts the pursuit of...

It is argued that economic growth during the Porfiriato did not improve the well-being of the Mexican population. One explanation for such result is that the economic growth pattern was skewed and benefited more the northern states and less the southern ones. Following the estimation method of...

This paper is concerned essentially with the question of how does financial globalization affect economic welfare? Orthodox theory suggests that because of the greater risk-sharing between countries that financial liberalization entails, there should be no welfare losses. Greater risk-sharing...

The Human Development Index has experienced substantial modifications in the 2010 edition of the Human Development Report (changes in some of the variables, a different aggregation procedure, and the introduction of distributive considerations, among others). Those changes respond to some...

Policies designed to pursue an equity-led macroeconomic growth strategy must take into account feedback effects, with distribution itself influencing macroeconomic outcomes. Under the right conditions, a more equitable distribution of income and opportunities in the form of human development can...

With rapidly deteriorating national and local economies, many urban dwellers in sub-Saharan Africa are resorting to informal sector activities to ameliorate the current food insecurity that poor households face. Among these activities is urban agriculture, which is used both as a source of basic...