Investment in human capital is essential for development
A Coggle Diagram about Academic foundation
(Level of education remains the most significant explanatory factor in levels
of income within countries (Acemoglu and Dell, 2010) :check:
, Jones asserts that
extending the original Solow model to include the investment of resources in skills accumulation,as
well as in physical capital, is superior in explaining variation in wealth across
countries (Jones, 2002) :check:
, Endogenous growth theory asserts
that investment in human capital will significantly contribute to economic growth, and
indeed foster development (Romer, 2011) :check:
, The effect of human capital upon aggregate income and development
can thus be seen to be of “central importance” to policymakers and economists
when considering the essential nature of human capital in development outcomes (Acemoglu
and Angrist, 2000). :check:
and Better decision-making,
more engagement in the political process and positive spillover effects to those around
the educated person, in reading to others, or providing beneficial innovations to a wider
community (Todaro and Smith, 2011).
(Developing countries - how to help them?
, Many points of view, one of them - human capital
, Human capital is..
and In this essay...
, Health is undoubtedly a “prerequisite for productivity” (Todaro and Smith, 2011)
, Low levels of health is the single most significant human capital factor that has
hindered development in Africa (Schultz, 1999)
and Absenteeism of staff https://www.povertyactionlab.org/sites/default/files/publications/Showing%20Up%20is%20the%20First%20Step.pdf
), Education and training
, Other issues
) and Useful articles
and 2) http://www.bsg.ox.ac.uk/sites/www.bsg.ox.ac.uk/files/documents/RISE_WP-001_Glewwe_Muralidharan.pdf