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Development and Equity—Introduction to the Lustrum Conference of the Prince Claus Chair in Development and Equity

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Chapter Summary

According to Prince Claus's own convictions, it is important to make a distinction between the notions of development and equity in order to arrive at a full understanding of the conflation of both words. Development is usually considered as an intentional acceleration of modernization, consisting of transitions of the economy, the state and the political system, as well as society. Explicit attention to equity brings to the fore that development is often a process with winners and losers, those included and excluded from the process itself and the gains from it and who are hidden behind average targets and average results. Equity highlights fairness and social justice. An important contribution to the equity debate was made by Leventhal. He observed that the way in which any social system deals with questions of allocating resources, punishments and rewards has a great impact on the satisfaction of its members.

Keywords: economics equity; Lustrum Conference; Prince Claus



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