THE IMPACT OF HUMAN CAPITAL DEVELOPMENT ON ECONOMIC GROWTH

THE IMPACT OF HUMAN CAPITAL DEVELOPMENT ON ECONOMIC GROWTH

Creating a socially and environmentally sustainable future, requires governments and private business to re-think their resource utilization strategies. The question could be asked whether an investment in human capital development could contribute to sustainable economic growth. In order to test th...

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Veröffentlicht in:Studia Universitatis Babeș-Bolyai. Oeconomica 2010-01, Vol.55 (1), p.21-40
Hauptverfasser: Buys, Pieter, Bosman, Pieter, Du Plessis, Jean
Format: Artikel
Sprache:eng
Schlagworte:
Capital assets
Comparative economics
Economic development
Economic growth
Economy
GDP
Gross Domestic Product
Human capital
Human development
Impact analysis
Investments
Resource allocation
Social capital
Social change
Studies
Sustainability
Sustainable development
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Zusammenfassung:Creating a socially and environmentally sustainable future, requires governments and private business to re-think their resource utilization strategies. The question could be asked whether an investment in human capital development could contribute to sustainable economic growth. In order to test this possibility, a study on the concepts of sustainable development, emphasising the interrelationship between human development and economic was conducted, which considered 45 countries’ GDPs and its corresponding HDI. Based on the analysis, it was found that there is a positive relationship between a country’s HDI and its overall prosperity as indicated by its GDP.
ISSN:2065-9644
1220-0506
2065-9644