BOOKS - Human Capital Development in South Asia: Achievements, Prospects, and Policy ...
US $7.55
97630
97630
Human Capital Development in South Asia: Achievements, Prospects, and Policy Challenges
Author: Asian Development Bank
Year: December 1, 2017
Format: PDF
File size: PDF 13 MB
Language: English
Year: December 1, 2017
Format: PDF
File size: PDF 13 MB
Language: English
Human capital is an important factor for economic growth in South Asia. Between 1981 and 2010, human capital contributed about 22% of annual gross domestic product per worker growth in India. During the same period, it contributed around 21% in Bangladesh, and 16% in Sri Lanka. However, education and skills remain the binding constraint. Raising the quality of education and skills in South Asia's workforce can play a critical role in catching up to the level of development of the People's Republic of China, the Republic of Korea, and other successful Southeast Asian economies. This study reviews the development of human capital in South Asia and analyzes contributing factors to human development including policies and strategies that countries in South Asia follow.