Comparative Review of the Human Capital Development Journeys of Vietnam and Sri Lanka

Chandranath Amarasekara and Poongothai Venuganan

MPRA Paper from University Library of Munich, Germany

Abstract: Since its independence, Sri Lanka has been lauded by researchers and policymakers for its human capital outcomes and has consistently been ahead of its regional peers. On the other hand, Vietnam continued to struggle with conflicts and other economic bottlenecks which hindered the development of its human capital base, particularly until the initiation of the Doi Moi reform process in the mid 1980s. Accordingly, a comparative assessment is undertaken of the significantly different human capital development journeys of Vietnam and Sri Lanka to understand the course of progress that both countries have experienced especially in the last three decades. Such an assessment paves way to identify developmental lessons that policymakers of both countries can draw upon to further augment their human capital which will be pivotal to achieve sustainable and inclusive growth amid the short-run challenge of the COVID-19 pandemic and the medium-run challenge of the ‘middle-income trap.’

Keywords: Comparative Studies; Human Capital; Health; Education; Poverty; COVID-19 Response (search for similar items in EconPapers)
JEL-codes: I1 I15 I18 I2 I24 I25 I28 I3 I31 I38 O1 O15 (search for similar items in EconPapers)
Date: 2021-09
New Economics Papers: this item is included in nep-hea and nep-sea
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Published in Vietnam Journal for Indian and Asian Studies 106.9(2021): pp. 14-27

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