Social Development is described as a “process of planned social change designed to promote the well being of the population as a whole within the context of a dynamic multi faceted development process” (Midgley, 2014)
According to the World Bank report of 2009, Social development mainly looks at the needs of the people first in the process of development. Poverty, to be specific, is not just about low income it’s about susceptibility, institutions that aren’t accountable, powerless institutions and exposure to violence. (World Bank, 2006) There is an increased emphasis given to democracy and participation in social development, which is often hindered by the existence of inequalities in a nation. Since social …show more content…
But due to the rise in inequalities, there are only a certain section of people who benefit from the economic development, and the majority is being neglected which in turn causes mass poverty and inequality.
Social development helps in the encouraging more inclusion of the poor and empowering them in order to reduce their vulnerability. It aims at constructing a society that is more tenacious and resilient, it helps in making the institutions more affordable and accessible to the people. Empirical evidence and operational experience shows that social development promotes economic growth and leads to better interventions and a higher quality of life.
Global inequality not only results in impeding the growth of the economy but also in increasing the overall level of poverty leading to an overall social deterioration. Global inequality causes severe growth in the social instability of a country, which in turn stands in the way of sustainable social development.
Global inequalities act as an encumbrance in poverty reduction. Therefore, global inequalities accelerate the level of poverty that already exists in a …show more content…
The prolonged existence of global inequality in the world suggests that market led growth is not the only way which is good enough to achieve sustainable social development. There is a dire need to address the phenomenon of “inequality trap” which talks about the various layers of global inequalities that are embedded in the society and together create the inequality trap. When there is an increase in income shares of the lower half of the society and the middle class, it actually leads to an increase in growth and leads to a more sustainable social development. But when the income share of the rich 20 percent is increased, it leads to lower growth that is when the gap between the rich and the poor starts to widen. Hence, in order to develop more sustainably, there must be country specific policies, since social development is interventionist, policies that basically aim at increasing the overall income share of the poor and avoid any middle class affliction in the long run. To combat inequalities, financial inclusion is necessary in developing nations but in developed nations, progressive taxation should be made necessary in order to move towards a more sustainable social development. Lastly, social development is committed to the goal of promoting people’s social well-being. The notion of social well-being requires that social needs be met, problems are managed