The relation of sustainable development of human capital with the cyclical economic. Slf identifies five types of assets or capitals upon which livelihoods are built, namely human capital, social capital, natural capital. The five capitals model then considers the following capitals natural, human, social, manufactured and financial. Pdf on apr 1, 2015, farah qureshi and others published human capital in sustainable development find, read and cite all the research you need on. The motivation for sustainable development is universal but strides to achieve it have been mixed in the literature with some schools of thought.
Any organisation will use five types of capital to deliver its. On qatars great progress in the field of human development, alnabit said the 2017 human capital report showed that qatar ranked 55 out of countries in the human capital index at 64. The five capitals a framework for sustainability forum. It is against the backdrop of the foregoing that this paper proceeds to examine the role of. The report was completed in 2014 under the development partnership program for south asia. The five capitals a model for sustainable development. The problem in nigeria is that despite the large population of human. Thus human capital development is one of the fundamental solutions to enter the international arena. The relation of sustainable development of human capital with the cyclical. Ensure sustainable consumption and production patterns 150 goal. Dfids sustainable livelihoods approach and its framework. Pdf human capital and sustainable development in nigeria.
In this way, it draws the best from the conceptual work of researchers. The focus of this research is to examine the correlation of high performance work system and organizational culture with human capital development which is a significant predictor of sustainable. Goodland 1995 suggests that sustainable development should integrate three types of sustainability. Specifically, firms must invest necessary resources in developing human capital which tend to have a great impact on performance. Sustainable development of human capital necessitates a radical overhaul of the current systems of education and vocational training. Human capital development in this study got to do with. Accumulation accumulation of human capital is perhaps the most important determinant of productivity in nigeria. According to him, environmental sustainability refers to the maintenance of life support systems.
Human capital development through education is a long time investment made by the state to enhance the well being of her citizenry. Human capital investment for sustainable development this private sectorled initiative, in collaboration with the united nations, civil society, public sector, academia and other stakeholders, is leveraging. In this article we will discuss about human capital formation. It is against the backdrop of the foregoing that this paper proceeds to examine the role of the university in building human capital for sustainable development. Human capital development and its impact on firm performance. Management of the sustainable development of human capital in. Sustainable development of human resource capital eolss. Based on the brundland definition of sustainable development, a general working definition of sustainable human capital in health would be that the health needs of the current population are being. Human capital is a central driver of sustainable growth and poverty reduction. The article is devoted to the search of indicators of valuation of the sustainable development of human capital. Introduction nowadays the problem of increasing the efficiency of human capital in russia is.
Welcome to the human capital project hcp, a global effort to accelerate more and better investments in people for greater equity and economic growth. Sustainable development as human wellbeing sd brings together environment and development a normative value judgment defines development as human wellbeing and environment serves. Generally, human capital represents the assets each individual develops to enhance economic productivity. Fostering sustainable economic growth through human. Human development should not be evaluated solely in terms of narrow increases in productivity. This paper critically examined how human capital development could be a strategy or a catalyst for sustainable development in the nigerian education system. At a national level, investment in human resources must be turned into effective utilisation of. Human resource capital and sustainable development there are many definitions. Management of the sustainable development of human capital. Human capital for sustainable economic develpment eolss.
Human resources are central to economic development and can be increased in value and productivity by investment in human beings e. Human capital and sustainable development in nigeria econstor. I human capital for sustainable economic develpment g. The need for sustainable human capital development is to fashion out a way man could upgrade his living in his society for mans better condition. Evidence from developmental economics 267 concept as traditionally defined to say that expenditures on education, training, and. By investing in education, well educated individuals. It concludes that development of human capital is the.
Some substitutability may be possible among these kinds of capital. Human capacity building and sustainable development in the 21st century. This article examines the linkages between population, economic development, employment, education, health, social equity, cultural values, energy intensity and. Table 1 comparison of human, social, economic and environmental sustainability. The main premise of the human development approach is that expanding peoples freedoms is both the main aim of, and the principal means for sustainable development. The research methodology included both quantitative type. According to unesco estimates, global enrollment in universities. The eus 2020 strategy is focused on three area of growth. The five capitals model provides a basis for understanding sustainability in terms of the economic concept of wealth creation or capital. The human development research program spans education, health, social.
Although related subjects, sustainable development and sustainability are different concepts. Weak sustainability is an idea within environmental economics which states that human capital can. Therefore, every society is to elevate the level of the economic and social development, it is to stimulate the growth of the overall capital, in the course of which it is. Keywords sustainable development, human capital development, population, and. Pdf developing human capital for sustainable competitive.
The aim is then to ensure that all these capitals are well managed such that they improve. Introduction human capital is recognized as an agent of national development in all countries of the world. Impact of human capital development on economic growth. Human capital is an allembracing concept, that is, it is a continuum, a continuing process from childhood to old age, and a must for any society that wishes to survive under the complex. Human sustainability human sustainability means maintaining human capital. Human development is at the core of the world bank s strategy to improve peoples lives and support sustainable development. Make cities and human settlements inclusive, safe, resilient and sustainable 142 goal 12. The research methodology included both quantitative type methods representative sample survey, structured interviews, etc. Economic sustainability is defi ned as maintenance of economic capital. Some relatively direct connections between human resource capital and sustainable development 6.
Human capital is recognized as the most critical input in development as the quality of a countrys human capital is central to promoting and sustaining innovation as well as the adoption of appropriate. Human capital development as a strategy for sustainable african. Pdf human capital in sustainable development researchgate. A life course approach to health, human capital and sustainable development is a holistic strategy to optimize peoples health and wellbeing throughout life and interlinkages with human capital and. Social capital, human capital and sustainable economic. The development of indicators for human capital sustainability. Brief a life course approach to health, human capital and. It concludes that development of human capital is the critical determinant of longterm sustainability and that efforts to accelerate the evolution of human consciousness and emergence of mentally. Human capital formation is the act of increasing the productive qualities of the labor force by providing more education and increasing the skills, health.
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