Examination of human capital development
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Investment in human capital are central to development, delivering substantial economic benefits in the long term. However, the benefits of these investments often take time to materialize and their benefits to the society are not always visible, leading to underinvestment in human capital. The Human Capital Index quantifies the contribution of health and education to the productivity of the next generation of workers. Nigeria whose capital index (HCI) is 0.34, has been ranked 152 out of 157 countries in the first-ever Human Capital Index released by the World Bank Group which makes is one of the worse in the world.
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HUMAN CAPITAL
Human capital refers to the skills, knowledge, and health that enable people to be productive. Developing human capital through education and training is important for economic growth. While Pakistan has made some investments in education and seen gains in literacy and human development, it spends less than comparable countries on health and education. Improving human capital will require greater investment, better education quality, and addressing issues like population growth and unequal access to opportunities.
Human capital
The document discusses human capital formation and the role of education. It defines human capital as the skills, knowledge, and attributes that individuals possess that enable them to perform labor and create economic value. Human capital formation is the process by which individuals reach their highest potential through education, skills development, employment and personal growth. The document emphasizes that education plays a major role in human capital formation by helping individuals realize their potential and earn higher incomes, which benefits both individuals and society. It also discusses factors that lead to students dropping out of school and how dropouts negatively impact human capital formation and economic growth by reducing the availability of skilled labor and increasing poverty.
An overview of Human Capital Index
This document provides an overview of human capital including its economic perspective, sources, pillars, and indexes. It discusses human capital indexes for top countries including India. The four pillars of human capital are education, health, workforce/employment, and enabling environment. India ranks 78th out of 122 countries on the overall human capital index, with relatively low scores in health and the enabling environment. The document concludes by noting the importance of human capital for development and identifying challenges to improving human capital in India like population growth and lack of education and health facilities.
Human Capital Investment
This document discusses human capital investment and outlines a three pillar approach:
1. The Human Capital Index measures and tracks the productivity of future workers based on their expected health and education outcomes.
2. Improving measurement and research of human capital formation to better support investment decisions.
3. Engaging countries to develop national strategies to accelerate progress on human capital through early adopters.
Key areas of focus are improving survival rates, quality of education, adult health, and creating an aligned education system focused on learning outcomes.
Human capital formation
Human capital formation is the process of increasing the stock of human capital over time through investments in education, health, on-the-job training, and other factors. In India, major sources of human capital formation include expenditures on education, health, migration, and information. Education sector in India has grown significantly since independence, with increased access to primary, secondary, and higher education. However, challenges remain around literacy, vocational training, gender and rural disparities, and low government expenditures. Human capital formation is crucial for economic growth as it raises productivity, innovation, and standards of living.
Human Capital and Human Resource Development
Human capital refers to the knowledge, skills, and abilities gained through education and training. Several economists viewed human capital as a form of investment that yields returns both privately to individuals in the form of higher income and publicly through greater productivity. More recent views see human capital as the collective knowledge and capabilities of individuals that create competitive advantages for organizations and drive economic growth at national and international levels. Expenditures on education and training are considered investments in human capital that improve productivity.
Human capital formation
Human capital refers to the skills and expertise of a nation's people. Human capital formation is the process of acquiring and increasing people with skills, education, and experience needed for a country's economic and political development. Sources of human capital formation include education, health, on-the-job training, adult study programs, migration, and information. Human capital formation leads to higher productivity, innovative skills, greater participation and equality, and changes in the environment that allows growth. However, India faces problems with human capital formation such as rising population, brain drain, deficient manpower planning, insufficient on-the-job training in primary sectors, and low academic standards.
Human capital formation in india
The document discusses key differences between physical capital and human capital. It notes that human capital is intangible, inseparable from its owners, built through policy and expenditure, and creates both private and social benefits. In contrast, physical capital is tangible, separable from owners, can be built through imports, and creates private benefits. The document also compares approaches to human capital and human development, noting human development considers education and health as ends in themselves rather than just means to increase productivity.
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HUMAN CAPITAL
Human capital refers to the skills, knowledge, and health that enable people to be productive. Developing human capital through education and training is important for economic growth. While Pakistan has made some investments in education and seen gains in literacy and human development, it spends less than comparable countries on health and education. Improving human capital will require greater investment, better education quality, and addressing issues like population growth and unequal access to opportunities.
Human capital
The document discusses human capital formation and the role of education. It defines human capital as the skills, knowledge, and attributes that individuals possess that enable them to perform labor and create economic value. Human capital formation is the process by which individuals reach their highest potential through education, skills development, employment and personal growth. The document emphasizes that education plays a major role in human capital formation by helping individuals realize their potential and earn higher incomes, which benefits both individuals and society. It also discusses factors that lead to students dropping out of school and how dropouts negatively impact human capital formation and economic growth by reducing the availability of skilled labor and increasing poverty.
An overview of Human Capital Index
This document provides an overview of human capital including its economic perspective, sources, pillars, and indexes. It discusses human capital indexes for top countries including India. The four pillars of human capital are education, health, workforce/employment, and enabling environment. India ranks 78th out of 122 countries on the overall human capital index, with relatively low scores in health and the enabling environment. The document concludes by noting the importance of human capital for development and identifying challenges to improving human capital in India like population growth and lack of education and health facilities.
Human Capital Investment
This document discusses human capital investment and outlines a three pillar approach:
1. The Human Capital Index measures and tracks the productivity of future workers based on their expected health and education outcomes.
2. Improving measurement and research of human capital formation to better support investment decisions.
3. Engaging countries to develop national strategies to accelerate progress on human capital through early adopters.
Key areas of focus are improving survival rates, quality of education, adult health, and creating an aligned education system focused on learning outcomes.
Human capital formation
Human capital formation is the process of increasing the stock of human capital over time through investments in education, health, on-the-job training, and other factors. In India, major sources of human capital formation include expenditures on education, health, migration, and information. Education sector in India has grown significantly since independence, with increased access to primary, secondary, and higher education. However, challenges remain around literacy, vocational training, gender and rural disparities, and low government expenditures. Human capital formation is crucial for economic growth as it raises productivity, innovation, and standards of living.
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Human capital refers to the knowledge, skills, and abilities gained through education and training. Several economists viewed human capital as a form of investment that yields returns both privately to individuals in the form of higher income and publicly through greater productivity. More recent views see human capital as the collective knowledge and capabilities of individuals that create competitive advantages for organizations and drive economic growth at national and international levels. Expenditures on education and training are considered investments in human capital that improve productivity.
Human capital formation
Human capital refers to the skills and expertise of a nation's people. Human capital formation is the process of acquiring and increasing people with skills, education, and experience needed for a country's economic and political development. Sources of human capital formation include education, health, on-the-job training, adult study programs, migration, and information. Human capital formation leads to higher productivity, innovative skills, greater participation and equality, and changes in the environment that allows growth. However, India faces problems with human capital formation such as rising population, brain drain, deficient manpower planning, insufficient on-the-job training in primary sectors, and low academic standards.
Human capital formation in india
The document discusses key differences between physical capital and human capital. It notes that human capital is intangible, inseparable from its owners, built through policy and expenditure, and creates both private and social benefits. In contrast, physical capital is tangible, separable from owners, can be built through imports, and creates private benefits. The document also compares approaches to human capital and human development, noting human development considers education and health as ends in themselves rather than just means to increase productivity.
Human Capital Formation
1) Societies need human capital in the form of educated professionals like engineers, doctors, and teachers.
2) Investment in education and training is required to develop human capital from human resources.
3) Both private and social benefits are created through investment in human capital.
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The document discusses how human capital formation through education, health, job training, and access to information leads to economic growth and development. It contributes to increased earnings potential, technological advancement, and improved standards of living globally. Recent reports predict India will become a major economic power in the 21st century, with fast growth expected among BRICS countries including India, China, Brazil, and South Africa.
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©Copyright 2015 Ajay Pal
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Human capital refers to the knowledge, skills, and health embodied in individuals that enables them to perform labor and produce economic value. An educated and healthy person is considered human capital because they are productive, while an uneducated or unhealthy person is not. India's software companies employ many physically challenged people because, though physically limited, they are educated and trained, making them productive human capital. Physical capital consists of machinery, buildings, and other tangible assets used in production. Both human capital and physical capital are investments that depreciate over time but contribute to economic growth, though human capital cannot be separated from its owner like physical capital can.
Human capital formation
Human capital formation is the process of acquiring skills, education, and experience that are essential for economic and political development. It refers to the stock of skills and expertise in a nation. Key determinants of human capital formation include expenditure on education, on-the-job training, and study programs for adults. Human capital formation contributes to economic growth by increasing productivity, facilitating innovation, and promoting a higher rate of participation and equality in society.
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Human capital formation is the process of acquiring and increasing the number of skilled, educated, and experienced individuals necessary for economic and political development. It is determined by factors such as expenditure on education and health, study programs for adults, and migration. Migration leads to human capital formation by transferring skilled individuals between locations. Skill India and Startup India programs complement each other by developing vocational skills and entrepreneurship to increase human capital formation in India. Human capital formation helps reduce income inequality by providing more people with skills and qualifications to engage in higher paying jobs.
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The document discusses challenges to human capital formation in India, including lack of health facilities, poor education quality, educated unemployment, and lack of skilled workers. It also discusses measures taken by India to address these issues, such as adopting the National Rural Health Mission and making elementary education compulsory. However, it notes that the coverage of health programs was not universal and employment exchanges became outdated. It provides positive statistics about the success of Indian human capital abroad in fields like technology and business. It concludes by recommending serving the country first, discouraging brain drain, and providing free and compulsory secondary education.
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Human capital refers to the skills and knowledge that people acquire through investment in education, health, job training, migration, and information. Some key sources of human capital formation include spending on education, which enhances the productive workforce; spending on health through preventative medicine, curative treatment, and health literacy; on-the-job training through internal and external programs; migration to seek better jobs and living conditions; and acquiring information about labor markets and education/health markets.
11.human capital development and economic growth in nigeria
1) The document discusses human capital development and economic growth in Nigeria. It analyzes the relationship between investments in education, health, and skills training (proxies for human capital) and GDP (a proxy for economic growth).
2) The analysis finds a strong positive relationship between human capital development and economic growth in Nigeria. However, Nigeria still struggles with high illiteracy, unskilled workers, and uneven distribution of skilled labor.
3) To promote continued economic growth, the document recommends that Nigeria evolve more effective strategies for developing skills and capabilities across its population. It also calls for improved institutions to align training with the needs of different economic sectors.
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1. Human capital formation refers to increasing the productive qualities of a country's labor force through education, skills training, health care, and other means.
2. Key factors that influence human capital formation in Pakistan include low literacy rates, lack of on-the-job training, insufficient health and nutrition levels, and inadequate basic infrastructure and services.
3. Improving human capital formation is important for Pakistan's economic development as it can increase labor productivity and utilization of resources, promote technological advancement, boost industrial performance, and reduce poverty and unemployment. However, challenges to human capital formation in Pakistan include rapid population growth, unequal access to education, and lack of awareness about its benefits.
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The document discusses several factors contributing to regional differences in educational attainment in India. It notes that states differ in language, culture, needs, climate and more. As a result, some regions lack educational facilities while others prioritize education more. For example, states like Bihar, Rajasthan and Uttar Pradesh have lower literacy rates while states like Kerala, Tamil Nadu and Uttaranchal have higher rates. Generally, regions with lower standards of living, fewer job opportunities and more subsistence level work value education less. Poverty also prevents families from sending children to school, as they rely on child labor. Gender disparities further contribute to regional differences in education across India.
Human Capital Theory
The document discusses human capital theory. It defines human capital as the skills, knowledge, and abilities embodied in individuals that can be used to produce economic value. The theory postulates that investments in education and training increase workers' productivity and future income by raising their lifetime earnings potential. The concept of human capital originated in the 1950s and was developed by economists like Jacob Mincer, Gary Becker, and T.W. Schultz to explain differences in individual incomes. Critics argue that the theory oversimplifies human activity and productivity gains from education.
Human Resource Development, Government Spending and Productivity
Human Resource Development, Government Spending and Productivity Sustainable Development Policy Institute
This document analyzes the relationship between human capital development, government spending on human resource development (HRD), and labor productivity in Pakistan. It finds that:
1) Pakistan is performing relatively poorly on HRD indicators compared to other South Asian countries and has lower government spending on HRD as a percentage of GDP than the South Asian average.
2) Labor productivity in Pakistan continues to decline over time, except in some services sectors over the past decade.
3) Greater coordination is needed between federal and provincial governments on HRD programs to improve skills development, education, and productivity.Lecture 1 investment in education
This document discusses human capital theory and the relationship between investment in education and economic growth. It defines human capital as the skills and knowledge gained through education and experience. Human capital theory posits that investment in education increases worker productivity and contributes to national economic growth. While education improves individual earnings and benefits society, the impact on economic growth depends on how educational capital is utilized and whether the skills learned match labor market demands. Maintaining an equilibrium between education supply and demand is important to avoid unemployment or skills shortages that could limit growth. For education to meaningfully support growth, countries need a focused, responsive education system of high quality that meets the economy's skill needs.
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Human resource facilitates economic development. It refers to a country's population in terms of size, skills, education levels, and productivity. Countries should engage in manpower planning to develop their human resources. Proper utilization of human resources leads to increased production, development of skills, and improved quality of life. Models like the Coale-Hoover model indicate that economic growth depends on growth in labor force and amount of capital available per laborer. Countries with higher per capita GDP and literacy rates tend to be more productive. India and China are expected to have the largest working-age populations and together produce 40% of the world's graduates by 2020, positioning them to be the top two economies based on GDP by 2050.
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The document discusses human capital formation in India. It defines human capital formation as acquiring skills, education, and experience to increase economic and political development. Sources of human capital formation include expenditures on education, health, on-the-job training, migration, and information. While human capital growth in India has been fast, economic growth has not increased at the same rate due to challenges like high population growth, poverty, and low education quality. Further investments in education and health are needed to fully realize gains from India's demographic dividend.
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This document discusses human capital development in technical vocational education for sustainable national development in Nigeria. It makes three key points:
1. Technical vocational education plays an important role in human capital development by developing skills that increase productivity and employability, which supports sustainable economic growth and national development.
2. For technical vocational education to effectively contribute to human capital development, institutions must be well-equipped with infrastructure, workshop facilities, and qualified teachers to ensure graduates acquire skills for gainful employment.
3. Nigeria has faced challenges in technical vocational education like insufficient facilities and teachers, but it remains an important way to reduce unemployment and poverty through skills training.
Human capital development and economic growth in nigeria
1. The study evaluates the relationship between human capital development and economic growth in Nigeria using data from 1977-2011.
2. The results of the analysis show there is a strong positive relationship between primary school enrollment, life expectancy, and economic growth (proxied by GDP). However, public expenditure on education has a negative impact on economic growth.
3. The findings suggest that investments in education and health can promote economic growth by increasing labor productivity. However, Nigeria needs to improve how it utilizes expenditures on education to achieve quality education and maximize its impact on the economy.
4.[29 38]human capital development and economic growth in nigeria
The International Institute for Science, Technology and Education (IISTE) , International Journals Call for papaers: http://www.iiste.org/Journals
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Human capital refers to the skills, knowledge, and experience that contribute to productivity. In Nigeria, human capital is underdeveloped due to deficiencies in education and healthcare. Only 20.1% of the population has access to education, and over 10 million children are out of school. Healthcare also faces challenges, as doctors often misdiagnose conditions. According to the Human Capital Index, a child born in Nigeria will attain only 34% of their potential productivity, ranking Nigeria 152nd out of 157 countries. To improve, Nigeria must invest more in early childhood development, education, healthcare, and social protection.
Future of work final project (World Bank)
Human capital refers to the skills, knowledge, and experience that contribute to productivity. In Nigeria, human capital is underdeveloped due to deficiencies in education and healthcare. Only 20.1% of Nigerians have access to education, and healthcare outcomes are poor according to surveys. Nigeria ranks 152nd out of 157 countries on the Human Capital Index, indicating its population achieves only 34% of potential productivity. To improve, Nigeria must increase investment in early childhood education, healthcare, and social programs while expanding tax collection to fund these efforts.
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Human Capital Formation
1) Societies need human capital in the form of educated professionals like engineers, doctors, and teachers.
2) Investment in education and training is required to develop human capital from human resources.
3) Both private and social benefits are created through investment in human capital.
Human capital and economic growth
The document discusses how human capital formation through education, health, job training, and access to information leads to economic growth and development. It contributes to increased earnings potential, technological advancement, and improved standards of living globally. Recent reports predict India will become a major economic power in the 21st century, with fast growth expected among BRICS countries including India, China, Brazil, and South Africa.
Human Capital
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This Power Point Presentation includes all thing one need in a complete and Proper Presentation
This PPT includes all FDI,GDP PER CAPITA
©Copyright 2015 Ajay Pal
Human capital formatoin in india
Human capital refers to the knowledge, skills, and health embodied in individuals that enables them to perform labor and produce economic value. An educated and healthy person is considered human capital because they are productive, while an uneducated or unhealthy person is not. India's software companies employ many physically challenged people because, though physically limited, they are educated and trained, making them productive human capital. Physical capital consists of machinery, buildings, and other tangible assets used in production. Both human capital and physical capital are investments that depreciate over time but contribute to economic growth, though human capital cannot be separated from its owner like physical capital can.
Human capital formation
Human capital formation is the process of acquiring skills, education, and experience that are essential for economic and political development. It refers to the stock of skills and expertise in a nation. Key determinants of human capital formation include expenditure on education, on-the-job training, and study programs for adults. Human capital formation contributes to economic growth by increasing productivity, facilitating innovation, and promoting a higher rate of participation and equality in society.
Human capital Formation in India
Human capital formation is the process of acquiring and increasing the number of skilled, educated, and experienced individuals necessary for economic and political development. It is determined by factors such as expenditure on education and health, study programs for adults, and migration. Migration leads to human capital formation by transferring skilled individuals between locations. Skill India and Startup India programs complement each other by developing vocational skills and entrepreneurship to increase human capital formation in India. Human capital formation helps reduce income inequality by providing more people with skills and qualifications to engage in higher paying jobs.
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The document discusses challenges to human capital formation in India, including lack of health facilities, poor education quality, educated unemployment, and lack of skilled workers. It also discusses measures taken by India to address these issues, such as adopting the National Rural Health Mission and making elementary education compulsory. However, it notes that the coverage of health programs was not universal and employment exchanges became outdated. It provides positive statistics about the success of Indian human capital abroad in fields like technology and business. It concludes by recommending serving the country first, discouraging brain drain, and providing free and compulsory secondary education.
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This document discusses the concept of human capital, how it differs from physical capital, and how human capital formation contributes to economic development. It covers the introduction, definition of human capital, sources and challenges of human capital formation, and conclusion. Human capital refers to the skills, expertise, and education of a nation's population that contributes to production, unlike physical capital such as machinery.
Human capital formation
Human capital refers to the skills and knowledge that people acquire through investment in education, health, job training, migration, and information. Some key sources of human capital formation include spending on education, which enhances the productive workforce; spending on health through preventative medicine, curative treatment, and health literacy; on-the-job training through internal and external programs; migration to seek better jobs and living conditions; and acquiring information about labor markets and education/health markets.
11.human capital development and economic growth in nigeria
1) The document discusses human capital development and economic growth in Nigeria. It analyzes the relationship between investments in education, health, and skills training (proxies for human capital) and GDP (a proxy for economic growth).
2) The analysis finds a strong positive relationship between human capital development and economic growth in Nigeria. However, Nigeria still struggles with high illiteracy, unskilled workers, and uneven distribution of skilled labor.
3) To promote continued economic growth, the document recommends that Nigeria evolve more effective strategies for developing skills and capabilities across its population. It also calls for improved institutions to align training with the needs of different economic sectors.
Home
1. Human capital formation refers to increasing the productive qualities of a country's labor force through education, skills training, health care, and other means.
2. Key factors that influence human capital formation in Pakistan include low literacy rates, lack of on-the-job training, insufficient health and nutrition levels, and inadequate basic infrastructure and services.
3. Improving human capital formation is important for Pakistan's economic development as it can increase labor productivity and utilization of resources, promote technological advancement, boost industrial performance, and reduce poverty and unemployment. However, challenges to human capital formation in Pakistan include rapid population growth, unequal access to education, and lack of awareness about its benefits.
Class XI Economics NCERT Solutions
The document discusses several factors contributing to regional differences in educational attainment in India. It notes that states differ in language, culture, needs, climate and more. As a result, some regions lack educational facilities while others prioritize education more. For example, states like Bihar, Rajasthan and Uttar Pradesh have lower literacy rates while states like Kerala, Tamil Nadu and Uttaranchal have higher rates. Generally, regions with lower standards of living, fewer job opportunities and more subsistence level work value education less. Poverty also prevents families from sending children to school, as they rely on child labor. Gender disparities further contribute to regional differences in education across India.
Human Capital Theory
The document discusses human capital theory. It defines human capital as the skills, knowledge, and abilities embodied in individuals that can be used to produce economic value. The theory postulates that investments in education and training increase workers' productivity and future income by raising their lifetime earnings potential. The concept of human capital originated in the 1950s and was developed by economists like Jacob Mincer, Gary Becker, and T.W. Schultz to explain differences in individual incomes. Critics argue that the theory oversimplifies human activity and productivity gains from education.
Human Resource Development, Government Spending and Productivity
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This document analyzes the relationship between human capital development, government spending on human resource development (HRD), and labor productivity in Pakistan. It finds that:
1) Pakistan is performing relatively poorly on HRD indicators compared to other South Asian countries and has lower government spending on HRD as a percentage of GDP than the South Asian average.
2) Labor productivity in Pakistan continues to decline over time, except in some services sectors over the past decade.
3) Greater coordination is needed between federal and provincial governments on HRD programs to improve skills development, education, and productivity.Lecture 1 investment in education
This document discusses human capital theory and the relationship between investment in education and economic growth. It defines human capital as the skills and knowledge gained through education and experience. Human capital theory posits that investment in education increases worker productivity and contributes to national economic growth. While education improves individual earnings and benefits society, the impact on economic growth depends on how educational capital is utilized and whether the skills learned match labor market demands. Maintaining an equilibrium between education supply and demand is important to avoid unemployment or skills shortages that could limit growth. For education to meaningfully support growth, countries need a focused, responsive education system of high quality that meets the economy's skill needs.
Human resource for economic development
Human resource facilitates economic development. It refers to a country's population in terms of size, skills, education levels, and productivity. Countries should engage in manpower planning to develop their human resources. Proper utilization of human resources leads to increased production, development of skills, and improved quality of life. Models like the Coale-Hoover model indicate that economic growth depends on growth in labor force and amount of capital available per laborer. Countries with higher per capita GDP and literacy rates tend to be more productive. India and China are expected to have the largest working-age populations and together produce 40% of the world's graduates by 2020, positioning them to be the top two economies based on GDP by 2050.
human Capital formation
The document discusses human capital formation in India. It defines human capital formation as acquiring skills, education, and experience to increase economic and political development. Sources of human capital formation include expenditures on education, health, on-the-job training, migration, and information. While human capital growth in India has been fast, economic growth has not increased at the same rate due to challenges like high population growth, poverty, and low education quality. Further investments in education and health are needed to fully realize gains from India's demographic dividend.
Human capital development in technical vocational education (tve) for sustain...
This document discusses human capital development in technical vocational education for sustainable national development in Nigeria. It makes three key points:
1. Technical vocational education plays an important role in human capital development by developing skills that increase productivity and employability, which supports sustainable economic growth and national development.
2. For technical vocational education to effectively contribute to human capital development, institutions must be well-equipped with infrastructure, workshop facilities, and qualified teachers to ensure graduates acquire skills for gainful employment.
3. Nigeria has faced challenges in technical vocational education like insufficient facilities and teachers, but it remains an important way to reduce unemployment and poverty through skills training.
Human capital development and economic growth in nigeria
1. The study evaluates the relationship between human capital development and economic growth in Nigeria using data from 1977-2011.
2. The results of the analysis show there is a strong positive relationship between primary school enrollment, life expectancy, and economic growth (proxied by GDP). However, public expenditure on education has a negative impact on economic growth.
3. The findings suggest that investments in education and health can promote economic growth by increasing labor productivity. However, Nigeria needs to improve how it utilizes expenditures on education to achieve quality education and maximize its impact on the economy.
4.[29 38]human capital development and economic growth in nigeria
The International Institute for Science, Technology and Education (IISTE) , International Journals Call for papaers: http://www.iiste.org/Journals
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11.human capital development and economic growth in nigeria
11.human capital development and economic growth in nigeria
Human Resource Development, Government Spending and Productivity
Human Resource Development, Government Spending and Productivity
Human capital development in technical vocational education (tve) for sustain...
Human capital development in technical vocational education (tve) for sustain...
Human capital development and economic growth in nigeria
Human capital development and economic growth in nigeria
4.[29 38]human capital development and economic growth in nigeria
4.[29 38]human capital development and economic growth in nigeria
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Human capital refers to the skills, knowledge, and experience that contribute to productivity. In Nigeria, human capital is underdeveloped due to deficiencies in education and healthcare. Only 20.1% of the population has access to education, and over 10 million children are out of school. Healthcare also faces challenges, as doctors often misdiagnose conditions. According to the Human Capital Index, a child born in Nigeria will attain only 34% of their potential productivity, ranking Nigeria 152nd out of 157 countries. To improve, Nigeria must invest more in early childhood development, education, healthcare, and social protection.
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Human capital refers to the stock of skill, ability, expertise, education, and knowledge in a nation at a point of time. We need investment in human capital to produce more human capital out of human resources.Nations require adequate human capital who are educated and qualified as educators and other specialists. In other words, we need great human capital to create other human capital like doctors, engineers, professors, etc., which will later become a human asset and contribute to the economy of the country.Human resources are the people who are part of the workforce and contribute to the productivity of a country. The quality and efficiency of human resources depend on factors such as health, education, skills, and motivation. Different countries have different levels of human resource development and potential. For example, India has a large and young population that can provide a demographic dividend if properly educated and employedThe term human resources refers to the size of the population of a country along with its efficiency, educational qualities, productivity, organisational abilities and farsightedness. It is the ultimate resource, but not equally distributed over the worldIndia has 62.5% of its population in the age group of 15-59 years which is ever increasing and will be at the peak around 2036 when it will reach approximately 65%.These population parameters indicate an availability of demographic dividend in India, which started in 2005-06 and will last till 2055-56.According to Economic Survey 2018-19,India’s Demographic Dividend will peak around 2041, when the share of working-age,i.e. 20-59 years, population is expected to hit 59%.India has one of the youngest populations in an aging world. By 2020, the median age in India will be just 28, compared to 37 in China and the US, 45 in Western Europe, and 49 in Japan.Since 2018, India’s working-age population (people between 15 and 64 years of age) has grown larger than the dependents population — children aged 14 or below as well as people above 65 years of age. This bulge in the working-age population is going to last till 2055, or 37 years from its beginning.This transition happens largely because of a decrease in the total fertility rate(TFR, which is the number of births per woman) after the increase in life expectancy gets stabilised.A study on demographic dividend in India by United Nations Population Fund (UNFPA) throws up two interesting facts.The window of demographic dividend opportunity in India is available for five decades from 2005-06 to 2055-56, longer than any other country in the world.This demographic dividend window is available at different times in different states because of differential behaviour of the population parameter.
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Fowa digital artifact
Nigeria faces serious challenges to developing its human capital and preparing its large youth population for the future of work. It invests far below international standards in education and health, with average education budget under 7% against UNESCO's recommended minimum of 26%, and health budget below 5% against an African Union pledge of 15%. As a result, Nigeria ranks poorly on human capital development indices and risks high unemployment and low productivity as employment shifts to sectors requiring more advanced skills. To strengthen its competitiveness, Nigeria must substantially boost education and health funding to develop the capabilities and productivity of its workforce.
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This presentation provides an overview of human capital formation in India. It defines human capital as the skills, education, and experience that contribute to economic development. It discusses how investment in education, health, job training, and information can increase human capital. Higher human capital enhances productivity, innovation, and economic growth. While India has made progress in education and health indicators, it still faces challenges like high illiteracy rates, gender gaps, low education standards, and insufficient public spending on education. Further investment in education and skills development will be needed to fully realize the benefits of India's demographic dividend.
Presentation of Evaluation of World Bank Group Support to Youth Employment
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1) The IEG has found mixed evidence on what youth employment programs work based on its review of evaluations. While some interventions like formal TVET and wage subsidies show promise, evidence is limited, especially in low-income countries.
2) In its evaluation of the World Bank Group's support for youth employment, the IEG found that the Bank's approach has been supply-focused and evidence of impact is scant. Comprehensive approaches targeting demand-side and rural areas are needed.
3) Key lessons are that a multi-sectoral, comprehensive approach is more effective than isolated interventions, and better diagnostics are required to inform strategic, evidence-based youth employment programs especially for low-income youth in5.3 Longchamps
The United Nations is seeking a consultant to develop a framework to support youth employment in the US using biomimetic design. The goal is to help vulnerable youth groups enter and stay in the job market by assessing needs, supporting entrepreneurship education, and incubating skills. The framework must respect diversity, integrate isolated groups, and nurture entrepreneurial skills over one year following the new UN development agenda.
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The document discusses the relevance of vocational skill acquisition programmes for employment in Bauchi, Nigeria amid a declining economy. It finds that the main objectives of such programmes are to enable youth to acquire vocational skills to gain employment and raise living standards. Trainees perceive the programmes as important for imparting practical, marketable skills to address unemployment in the current economic climate. The study recommends that training courses match sector needs and provide employment through entrepreneurship opportunities given scarce government resources in the declining economy.
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The document discusses the global challenge of youth unemployment, with over 400 million new jobs needed in the next decade. Asia and the Pacific account for over half of unemployed youth worldwide. Support is needed for youth beyond just jobs or training, including strengthening financial capabilities and encouraging entrepreneurship to stimulate economic growth. Effective policies couple financial education with support for youth entrepreneurship initiatives. Direct youth engagement through programs promoting financial literacy and entrepreneurship can complement government policies.Similar to Examination of human capital development (20)
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Examination of human capital development
- 1. Examination of Human Capital Development (A Case Study of Nigeria for Poliy Makers Public and Private sector Policy Makers in Health, Education and Financial Sector , Nigeria) Presented by: NDIM-EJOR NDIFON
- 2. Introduction • Investment in human capital are central to development, delivering substantial economic benefits in the long term. However, the benefits of these investments often take time to materialize and their benefits to the society are not always visible, leading to underinvestment in human capital.
- 3. Human Capital Index • The Human Capital Index quantifies the contribution of health and education to the productivity of the next generation of workers. Nigeria whose capital index (HCI) is 0.34, has been ranked 152 out of 157 countries in the first-ever Human Capital Index released by the World Bank Group which makes is one of the worse in the world
- 4. What is the problem or issue that you are trying to solve? • To increase the poor human capital index of Nigeria and the future of productivity of children born today by 2023.
- 5. The Human Capital Challenge in Africa
- 6. What challenges you may encounter while implementing your solution?
- 7. What is needed for a solution you propose to bring a desired outcome
- 8. What is needed for a solution you propose to bring a desired outcome – Cont’d
- 9. What is needed for a solution you propose to bring a desired outcome – Cont’d
- 10. Reasons for the government, private sector and other stakeholders to Participate • Increase Employee Satisfaction • Improve Retention Rates • Develop Employee Engagement • Develop Client Engagement • Improve ROI • Improved Organizational/Government Communication • Better Recruitment • Greater Company Culture
- 11. References • https://openknowledge.worldbank.org/handle/10986/30498 • https://databank.worldbank.org/data/download/hci/HCI_2pager_NG A.pdf • https://www.worldbank.org/en/news/speech/2019/03/18/fulfilling- the-potential-of-human-capital • http://pubdocs.worldbank.org/en/562231555089594602/HCP-Africa- Plan.pdf • www.worldbank.org/humancapitalproject • https://theolsongroup.com/5-benefits-investing-human-capital/