Economics
Human Capital and Economic Growth
The concept of human capital is referred to in the field of economics, referring to the intangible characteristics of people which may be used to support or enhance their well being. The concept includes aspects such as the creativity, skills, knowledge and even personality traits such as charisma and al other personal competencies that have the potential to create some form of economic value. The most commonly used definition of human capital comes from the OECD where it is stated it is the "knowledge, skills, competencies and attributes embodied in individuals that facilitate the creation of personal, social and economic well-being" (OECD, 2001). An individual will have human capital, but the main use of the concept is when the individual levels of human capital are aggregated and the human capital is considered ion a broader scale, such as the human capital within a firm, or the human capital within a country.
A key issue with the concept of human capital is the way in which is can change, being increased as individuals gain more knowledge, skills and experience. A country may seek to increase the human capital by...
Human Capital in Latin American Economic Development HUMAN CAPITAL IN LATIN AMERICAN ECONOMIC Developtment The concern for the economic development in the developing countries has been an issue for several decades. Many policy makers around the globe in various developing countries have formulated development strategies for their economies in consultation with the developed countries and international bodies. The central focus of all the policies have been on the development and investment on
Economic Growth in Hong Kong and Singapore: The main goal of the World Bank is to assist developing countries and their citizens to achieve objectives through partnership with its allies to alleviate poverty. As a result, this financial organization has currently been advising newly industrialized countries on methods for encouraging economic growth. Notably, various methods can be used to encourage economic growth for typical companies in Hong Kong and Singapore. Economic Growth in
This developed later into selling feeder stock to U.S. where the costs of feed were less. In terms of agriculture, Canada does not have a suitable climate to grow corn, and during the 1890s there was the change in cultivation through the use of a new variety of wheat called 'red fyfe' that has a short growing season. This also provided better prices for the farmers and was suited
The second phase would include using these metrics in order to gather the appropriate results. Finally, the third phase implies interpreting those results and using them to gain a competitive strategic advantage on the market. The phase dealing with the development of qualitative and quantitative metrics brings about some of the usual challenges in terms of measuring things: what metrics best reflect the performance of a certain activity? In the
This "crippled operations" not only in local businesses but in companies located in the most affected regions that supplied materials for manufacturing. In other words, Japan suffered from a shutdown of many companies that provided certain parts for cars and electronics. For example, the area that was slammed by the tsunami was a "supplier hub" where companies like Hitachi produced special parts -- including a "…$2 sensor that is
The final form of these tables and charts will be dependent upon the form and types of data that are found during the conduct of the research. Data Analysis Methods Data analysis methods will be similar to those used by Asseery & Al-Sheikh (2004). They will include multiple regression analysis based on cointegration techniques. Error correction techniques will be applied that are similar to that which was found in Plazolo &
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