Abstract
Human resource development may be identified as the process through which a society augments the skills, education, and productive abilities of its people. In essence, it means increases in human capital. Human capital is accumulated and improved upon in several ways: through programs of education and formal training, training on the job, and through individual initiative. It is generally agreed that this process, if carefully designed and implemented, promotes economic growth in any country.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Reference
Theodore W. Schultz, “Investment in Human Capital,” in Readings Economic Development, Theodore Morgan, et al. (eds.). (Belmont, Calif: Wadsworth Publishing Company, 1963), pp. 187 and 199.
Simon Kuznets, “Toward a Theory of Economic Growth,” in R. Lekachman (ed.), National Policy for Economic Welfare at Home and Abroad (New York: Doubleday, 1955), p. 39.
For example, see K. L. Neff, Education and the Development of Human Technology (Washington, D.C.: Office of Education, 1962); John Vaizey, The Economics of Education (London: Faber and Faber, 1962); Theodore Schultz, The Economic Value of Education (New York: Columbia University Press, 1963); Stanley Labergott, Manpower in Economic Growth (New York: McGraw-Hill, 1964); Frederick Harbison and Charles Myers, Manpower and Education: Country Studies in Economic Development (New York: McGraw-Hill, 1965).
Schultz, op. cit. pp. 188–192.
Frederick Harbison and Charles Myers, Education, Manpower and Economic Growth (New York: McGraw-Hill, 1964), p. 235.
Richard Bland, “Education and Training in Developing Countries,” International Labour Review, Vol. 92, No. 6, December 1965, p. 481.
T. W. Schultz, “Investment in Human Capital,” American Economic Review, LI (March, 1961), pp. 1–17; and “Reflections on Investment in Man,” Journal of Political Economy, LXX, No. 5 (October, 1962, supplement), pp. 1–8. See also S. J. Mushkin (ed.), Economics of Higher Education (Washington: GPO, 1962).
E. F. Denison, The Residual Factor in Economic Growth (Paris: OECD, 1963). H. Correa, The Economics of Human Resources (Den Haag, Drukkerij Pasmans, 1962).
David McClelland, “Does Education Accelerate Economic Growth?” Economic Development and Cultural Change, XIV, No. 3 (April 1966), p. 269.
For a general discussion of educational problems in India, see K. G. Saiyidain, Problems of Educational Reconstruction (New York: Asia Publish House, 1962).
For example, G. L. Bach, Economics (Englewood Cliffs, N.J.: Prentice-Hall, Inc., 1966), p. 283; Don Adams, “Pitfalls and Priorities in Education,” in Dynamics of Development (New York: Frederick Praeger, 1964), p. 243.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 1968 Martinus Nijhoff, The Hague, Netherlands
About this chapter
Cite this chapter
Prasad, S.B., Negandhi, A.R. (1968). Human Resource Development for Economic Growth. In: Managerialism for Economic Development. Studies in Social Life, vol 11. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-7499-2_11
Download citation
DOI: https://doi.org/10.1007/978-94-011-7499-2_11
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-011-7501-2
Online ISBN: 978-94-011-7499-2
eBook Packages: Springer Book Archive