Topic > Human resources development

Human resources are an important factor in economic development. As stated by Adam Smith, the prosperity of a country is determined by the skill, efficiency and aptitude of the labor employed by the country. Many countries have been able to develop thanks to the will, capacity and skill of their human resources. Human beings are the focus of development, but their lives and the environment need improvement. So, human resource is the process of improving the quality and efficiency of people. Better education, improved skills and provision of a healthy atmosphere will result in correct and more efficient use of resources (non-natural and natural) which will result in increased economic production. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay The history of human resource development reveals that education, training, and organizational development of all kinds are largely the product of social and economic conditions. According to Scott (1914), the first characterization of education is still significant: “Education is the attempt of a civilization to perpetuate what it believes to be most vital in itself.” In the words of Becker (1993), “I'm going to talk about a different kind of capital. School, a computer course, medical care expenses, and lessons in the virtues of punctuality and honesty are also capital, in the true sense that they improve health, increase earnings, or increase a person's appreciation for literature throughout life. Consequently, it is fully in line with the traditionally defined concept of capital to state that expenditure on education, training, medical care, etc., are investments in capital." These are not simply costs but investments with valuable returns that can be calculated. Human resource development tends to improve the quality and productivity of work which, in turn, leads to economic growth. Unfortunately, development planners have failed to make investments in human resources a central focus of development strategies. The reason this is sometimes argued is the difficulty in distinguishing between what part of the HRD represents investment and what part represents consumption (Da Silva 1997 and Oshina 1986). It is now widely and generally accepted that investment in human resources promotes economic growth. . But the economic capacity of a country also determines its ability to invest in human resources, so that "a good educational system can be the flower of economic development, but it is also the seed". In addition to acting as an important vehicle for achieving equitable income distribution, human resource development is also a powerful means of addressing the problem of poverty. In the words of Harrbison (1973:3): Keep in mind: this is just one example. Get a custom article from our expert writers now. Get a Custom Essay Human resources form the ultimate basis of the wealth of a nation's capital. Resources are a passive factor of production; humans are the active agents who accumulate capital, exploit natural resources, and build social, economic, and political organization. Clearly, a country that is unable to develop the skills and knowledge of its population and use them effectively in the national economy will not be able to develop anything else..