Stuart Whatley at The Hedgehog Review:
Nussbaum concludes that the cosmopolitan tradition “must be revised but need not be rejected.” She proposes that it be replaced by her own version of the “Capability Approach” to development. Conceived by the Nobel laureate economist Amartya Sen as an alternative to the prevailing mode of Western-exported market fundamentalism, the Capability Approach challenges the central tenets of economic globalization in its modern context: free trade, floating exchange rates, capital account and labor market “liberalization,” and so forth. In lieu of a sole focus on GDP and strictly monetary metrics of growth, the Capability Approach advocates a concern with the positive freedoms and opportunities that follow from investments in education, health care, leisure, environmental sustainability, and other factors.
more here.