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Comparative Review of the Human Capital Development Journeys of Vietnam and Sri Lanka

Author

Listed:
  • Amarasekara, Chandranath
  • Venuganan, Poongothai

Abstract

Since its independence, Sri Lanka has been lauded by researchers and policymakers for its human capital outcomes and has consistently been ahead of its regional peers. On the other hand, Vietnam continued to struggle with conflicts and other economic bottlenecks which hindered the development of its human capital base, particularly until the initiation of the Doi Moi reform process in the mid 1980s. Accordingly, a comparative assessment is undertaken of the significantly different human capital development journeys of Vietnam and Sri Lanka to understand the course of progress that both countries have experienced especially in the last three decades. Such an assessment paves way to identify developmental lessons that policymakers of both countries can draw upon to further augment their human capital which will be pivotal to achieve sustainable and inclusive growth amid the short-run challenge of the COVID-19 pandemic and the medium-run challenge of the ‘middle-income trap.’

Suggested Citation

  • Amarasekara, Chandranath & Venuganan, Poongothai, 2021. "Comparative Review of the Human Capital Development Journeys of Vietnam and Sri Lanka," MPRA Paper 111204, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:111204
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    File URL: https://mpra.ub.uni-muenchen.de/111204/1/MPRA_paper_111204.pdf
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    References listed on IDEAS

    as
    1. Ms. Anja Baum, 2020. "Vietnam's Development Success Story and the Unfinished SDG Agenda," IMF Working Papers 2020/031, International Monetary Fund.
    2. Nguyen Thi Tue Anh & Luu Minh Duc & Trinh Duc Chieu, 2014. "The Evolution of Vietnamese Industry," WIDER Working Paper Series wp-2014-076, World Institute for Development Economic Research (UNU-WIDER).
    3. Anh, Nguyen Thi Tue & Duc, Luu Minh & Chieu, Trinh Duc, 2014. "The evolution of Vietnamese industry," WIDER Working Paper Series 076, World Institute for Development Economic Research (UNU-WIDER).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Comparative Studies; Human Capital; Health; Education; Poverty; COVID-19 Response;
    All these keywords.

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • I2 - Health, Education, and Welfare - - Education
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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