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Enhancing Thailand's Competitiveness through the Understanding of Human Capital

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  • Maneewan Chat-uthai
  • Pradit Wanarat

Abstract

This paper explores the meaning and importance of human capital, the basic investment, as well as the earning it returns. In essence, human capital is a crucial factor for management to keep pace with change and disruption. From Adam Smith to Nelson Mandela, education has always been the powerful impetus that has enriched and enabled human potential for effective production. To localize this concept, Human Capital Competiveness indices were explored to map Thailand's status and strength compared to other Asean communities. Most importantly, based on the exemplary teaching of His Majesty King Bhumibol, a model of functional citizenry is constructed to decode this notable concept of human capital and thus put it into actual practice.

Suggested Citation

  • Maneewan Chat-uthai & Pradit Wanarat, 2018. "Enhancing Thailand's Competitiveness through the Understanding of Human Capital," Asian Social Science, Canadian Center of Science and Education, vol. 14(2), pages 1-98, February.
    • Handle: RePEc:ibn:assjnl:v:14:y:2018:i:2:p:98
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    References listed on IDEAS

    as
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    2. Mincer, Jacob, 1984. "Human capital and economic growth," Economics of Education Review, Elsevier, vol. 3(3), pages 195-205, June.
    3. Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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