Challenges and Policy Implications Flashcards
What are some challenges in developing human capital?
Inadequate education systems, healthcare inequalities, brain drain, and financial constraints.
How does brain drain affect human capital?
It reduces the stock of skilled individuals in developing countries due to migration.
Why is universal education vital for human capital development?
It ensures access to essential skills for all, promoting equality and productivity.
What impact do healthcare inequalities have on development?
They undermine workforce productivity and limit overall human capital growth.
Name a policy to align human capital with market demands.
Vocational training to provide job-specific skills.
How do public-private partnerships (PPPs) enhance human capital?
By combining resources to expand access to quality education and healthcare.
Why are social protection programs important for human capital?
They provide financial support to vulnerable groups, improving access to education and healthcare.
How does human capital reduce inequality?
By narrowing income gaps through equitable access to education and healthcare.
What role does educated populations play in governance?
They demand accountability and participate more effectively in democratic processes.
Why is investing in human capital essential for sustainable development?
It fosters inclusive growth, reduces inequalities, and improves living standards.
