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This section lists various references that substantiate the themes explored in the chapter, notably the notion that human capital, derived through investments in education and health, acts as a significant contributor to a country's economic development. The cited works enhance understanding of human capital theory, provide historical context, and outline policies that impact human resource development in India.
The 'References' section serves to validate and enhance the content presented in the chapter 'People as Resource' by providing a curated list of scholarly articles, government reports, and theoretical frameworks that address the role of human capital in economic growth.
This section mirrors the argument made throughout the chapter: with appropriate investment in human capital, especially through education and healthcare, a country can transform its population from a potential liability into a productive asset. Each reference contributes to developing a robust framework for understanding the economic significance of nurturing human resources.
Human Capital: Refers to the skills and knowledge that contribute to economic productivity.
Investment: Allocating resources to enhance skills and education to improve economic outcomes.
Economic Growth: The increase in national income as a result of effective use of human capital.
To grow the economy, invest in our ability; knowledge and health are the best utility.
Once in a village, there were many skilled people, but they didn't know it. They invested in education, and soon the village prospered as people found better jobs and improved their health, showcasing the power of human capital.
HEALTH: Health Enhances All Labor Through Hardwork.
Example of Japan investing in education and becoming a global leader in technology and innovation.
Case study of the Green Revolution in India, demonstrating how agricultural productivity increased through knowledge and training.
Term: Human Capital
Definition: The skills, knowledge, and experience possessed by individuals viewed in terms of their value to an organization or economy.
The skills, knowledge, and experience possessed by individuals viewed in terms of their value to an organization or economy.
Term: Economic Growth
Definition: An increase in the production of goods and services in an economy over time.
An increase in the production of goods and services in an economy over time.
Term: Investment in Human Capital
Definition: The process of enhancing people’s skills and knowledge through education and training.
The process of enhancing people’s skills and knowledge through education and training.