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The UN Human Development indices suggest that human capital is merely a means to the end of human development: "Theories of human capital formation and human resource development view human beings as means to increased income and wealth rather than as ends. These theories are concerned with human beings as inputs to increasing production". [45]
The concept of human development expands upon the notion of economic development to include social, political and even ethical dimensions.Since the mid-twentieth century, international organisations such as the United Nations and the World Bank have adopted human development as a holistic approach to evaluating a country’s progress that considers living conditions, social relations ...
Human development theory is a theory which uses ideas from different origins, such as ecology, sustainable development, feminism and welfare economics. It wants to avoid normative politics and is focused on how social capital and instructional capital can be deployed to optimize the overall value of human capital in an economy.
The Human Capital Index (HCI) is an annual measurement prepared by the World Bank. [1] HCI measures which countries are best in mobilizing their human capital, the economic and professional potential of their citizens. The index measures how much capital each country loses through lack of education and health.
A way to embody personal infrastructure is to think of it in terms of human capital. [10] Human capital is defined by the Encyclopædia Britannica as "intangible collective resources possessed by individuals and groups within a given population". [11] The goal of personal infrastructure is to determine the quality of the economic agents' values.
This is an accepted version of this page This is the latest accepted revision, reviewed on 28 February 2025. Composite statistic of life expectancy, education, and income indices "HDI" redirects here. For other uses, see HDI (disambiguation). For the complete ranking of countries, see List of countries by Human Development Index. World map of countries and territories by HDI scores in ...
Training and Development: develop and implement training programs and professional development opportunities for their employees. [ 33 ] Performance Management: a systematic process focused on enhancing organizational effectiveness by designing human resource metrics and implementing performance management systems.
Human resource management in public administration concerns human resource management as it applies specifically to the field of public administration. It is considered to be an in-house structure that ensures unbiased treatment, ethical standards, and promotes a value-based system.