Human Capital Investment Is a Continuous Proposition: A Study of North East African States
Human development is the beginning of economic growth. The main purpose of wealth should be to enrich people’s lives, to broaden people’s choices and to enable every citizen, every child, every woman and every man to reach her or his full potential. Yet, as the experience of many countries has shown, economic growth does not automatically translate into human development. Human capital refers to the stock of productive skills and technical knowledge embodied in country’s population. A well-educated, innovative and skilled population is the foundation as well as the goal of development. It is also the surest way to eradicate poverty. The education and training systems of all the nations jeopardizes the future of millions of children and of the nation itself. This paper analyses the importance of human being resources in general and economic development in North East African States (NEAS) in particular. The study focuses that the Human capital as both the goal and the engine of economic growth, because 40 to 60 per cent of growth rates in per capita GDP can be attributed to investment in human capital and the increased productivity that results. Sustainable development cannot occur in the absence of human resource. It is also concluded that major portion of means goes for middle man and upper classed families.
Volume (Year): 2 (2008)
Issue (Month): 1 (June)
|Contact details of provider:|| |
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- George Psacharopoulos & Harry Anthony Patrinos, 2004.
"Returns to investment in education: a further update,"
Taylor & Francis Journals, vol. 12(2), pages 111-134.
- Psacharopoulos, George & Patrinos, Harry Anthony, 2002. "Returns to investment in education : a further update," Policy Research Working Paper Series 2881, The World Bank.
- Psacharopoulos, George, 1993.
"Returns to investment in education : a global update,"
Policy Research Working Paper Series
1067, The World Bank.
- Psacharopoulos, George, 1994. "Returns to investment in education: A global update," World Development, Elsevier, vol. 22(9), pages 1325-1343, September.
- repec:pra:mprapa:10580 is not listed on IDEAS
- repec:pra:mprapa:10314 is not listed on IDEAS
- Desmond Lachman & Kenneth Bercuson, 1992. "Economic Policies for a New South Africa," IMF Occasional Papers 91, International Monetary Fund.
- repec:pra:mprapa:10393 is not listed on IDEAS
- Thomas, Vinod & Wang, Yan & Fan, Xibo, 2001. "Measuring education inequality - Gini coefficients of education," Policy Research Working Paper Series 2525, The World Bank.
When requesting a correction, please mention this item's handle: RePEc:iih:journl:v:2:y:2008:i:1:p:50-65. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Faraz Ahmed)The email address of this maintainer does not seem to be valid anymore. Please ask Faraz Ahmed to update the entry or send us the correct address
If references are entirely missing, you can add them using this form.