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Post Crisis Economic Recovery Investment In Human Capital

Author

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  • Dimitrescu Mihaela

    (Hyperion University Bucharest)

Abstract

The concept of human capital skills and knowledge corresponds to a person who facilitates change and growth in action (Coleman, 1988). Human capital can be developed through formal training and education, with the aim to update and renew the person's capabilities, investing in education in order to get performance in all domains of social and economic life.The economic crisis has affected most countries education budgets, which will reflect the future performance of each nation.For this human capital depend on our wealth of future generations. Therefore, human capital formation should receive the highest priority, since without being supported by an adequate knowledge and human experience connected to all economic production factors will not be able to produce very little or not at all. If we want to be the beneficiary of this capital, governments must have as priorities the budgets related to public expenditure in human capital formation, related to education, because it is the safest investment of an economy and a stable and efficient society.

Suggested Citation

  • Dimitrescu Mihaela, 2014. "Post Crisis Economic Recovery Investment In Human Capital," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 315-332, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:315-332
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    More about this item

    Keywords

    Human capital; education system; organizational performance.;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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