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Low human development 1 Centre Haiti 0.502 2 Artibonite Haiti 0.518 3 Grand'Anse, Nippes Haiti 0.522 4 Sud-Est Haiti 0.531 5 Sud Haiti 0.538 6 Nord-Est Haiti 0.542 7 Nord-Ouest Haiti 0.545 8 Lempira Department Honduras 0.547 Medium human development 9 Gracias a Dios Department Honduras 0.550 10 North (Alta Verapaz, Baja Verapaz)
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.
In many cases in Armenia, the Lucas paradox is confirmed․ Ineffective implementation of legal and legislative mechanisms, insufficient level of development of the financial sector, and ineffective allocation of high-quality human capital are possible reasons behind the low inflow of capital to Armenia. [6]
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether ...
This period was followed by a brief period of basic needs development focusing on human capital development and redistribution in the 1970s. Neoliberalism emerged in the 1980s pushing an agenda of free trade and removal of import substitution industrialization policies.
Endogenous growth theory holds that investment in human capital, innovation, and knowledge are significant contributors to economic growth. The theory also focuses on positive externalities and spillover effects of a knowledge-based economy which will lead to economic development.