Enhancing Human Capital

Paper Summary:

This paper points out that the levels of human capital development in less developed countries play an important role in how valuable these individuals are to prospective employers and their perceived ability to contribute to accomplishing organizational goals. The paper explains how the enhancement of human capital will lead to higher productivity and improve the competitiveness of the manufacturing sector in less developed countries (LDCs). The paper then suggests suitable policies for the enhancement of human capital to improve the industrial production in LDCs. Case studies, graphs, and tables are included with the paper.

Table of Contents:
Introduction
Review and Discussion
Background and Overview
Impact of International Trade on Human Capital in Less Developed Countries
Unique Aspects of Human Capital Development in Less Developed Countries
Current Approaches and Human Capital Development Initiatives
Conclusion

From the Paper:

"It would appear reasonable to posit that the vast majority of citizens of LDCs aspire to a better standard of living for themselves and their progeny, and given half a chance, it is equally plausible to assume that they can achieve it. An old adage suggests that giving someone a fish is one way to address hunger, but teaching someone to fish is a superior long-term solution. In this regard, Cypher and Dietz (2004) emphasize that developing nations need a "hand up" rather than a "hand out"."

Sample of Sources Used:

• Cohen, E. (2005, Spring). Where have all the children gone? Public Interest, 159, 170-171.
• Cuffaro, N. (2001). Population, economic growth and agriculture in less developed countries. London: Routledge.
• Cypher, J. M. & Dietz, J. L. (2004). The process of economic development. New York: Routledge.
• Gill, J. (2007). Human capital development in villages in least developed countries. [Online]. Available: http://www.greaterdemocracy.org/archives/CitizenEngagement2-0-3.pdf.
• Majumdar, S. K. (2007). Private enterprise growth and human capital productivity in India. Entrepreneurship: Theory and Practice, 31(6), 853.

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