Article Type

Article

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When countries face short term financial crisis it is natural that more deep rooted and important issues are neglected perpetuating the cycles of economic instability from time to time. It may appear to be a hoarse cry at this stage when our attention is focused on agreement with the IMF, finding resources for our external financing requirements, rapid depreciation of rupee, foreign exchange reserves, debt servicing payments, FBR revenues , to raise questions that span medium or long term time horizon. Given the changing nature of our external environment if we do not prepare ourselves for meeting the future challenges we would remain in a state of perpetual atrophy. This article is an attempt to draw the attention of the policy makers and the leaders of the society to start thinking and implementing the changes required to strengthen and rebuild our human capital that would be the backbone of the knowledge economy. Human capital is the knowledge, attributes, training, skills, experience, and health of the workforce and is a much broader and extensive concept than Human Development. The responsibilities of the firms and employers in human capital formation are equally critical for increasing productivity and thus profitability. The more investment a company makes in its employees, the chances of its productivity and success become higher but this micro level discussion is not covered in this article .

Publication Source

The News

Publication Date

7-2022

Pages

1-11

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