Faculty / School
Faculty of Business Administration (FBA)
Was this content written or created while at IBA?
Yes
Document Type
Book Chapter
Publication Date
2020
Book or Conference Proceedings Title
Corridors of Knowledge for Peace and Development
ISBN/ISSN
978-969-35-3248-7
Editor(s)
Sarah S. Aneel, Uzma T. Haroon, Imrana Niazi [Editors]
First Page
7
Last Page
12
Publisher
Sang-e-Meel Publications
Place of Publication
Lahore
Keywords
Human capital,Pakistan,Development,Future
Abstract / Description
This chapter focuses on a new concept of Human Capital that goes beyond the traditional definition of Human Development. By improving their skills, health, knowledge, and resilience — their human capital — people can be more productive, flexible, and innovative. Human capital is a central driver of sustainable growth and poverty reduction. Investments in human capital have become more important as the nature of work has evolved (World Bank 2018: 2). Human development focuses on quantitative indicators such as the average number of schools, while human capital captures the quality — how much children have learnt at school. In health, the rate of stunting of children under five has serious repercussions on their future mental development. Measuring spending on education, health or social protection does not indicate whether the spending has led to better outcomes. This outcome orientation is of essence as the future is to be driven by innovation and knowledge, and that is where we have to focus our policies, institutions, investment and governance.
Recommended Citation
Husain, D. (2020). Human Capital and Pakistan’s Future. Corridors of Knowledge for Peace and Development, 7-12. Retrieved from https://ir.iba.edu.pk/faculty-research-series/131