Human Capital in Developing Countries: Common Challenges and the Path Forward

Marjan Entekhabi ()
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Marjan Entekhabi: The "Lucian Blaga" University of Sibiu

Journal of Emerging Trends in Marketing and Management, 2023, vol. 1, issue 2, 18-29

Abstract: This paper examines the challenges of human capital development in developing countries and identifies potential strategies for addressing these issues. The study utilizes a mixed-methods approach, including a comprehensive literature review, quantitative secondary data analysis, and qualitative case studies. The literature review identifies six main challenges: low literacy and education levels, insufficient healthcare, high unemployment and underemployment, brain drain, gender disparities, and limited investment in skills development. The study identifies policy initiatives and interventions to enhance education, health, and skills development, such as the Global Partnership to Promote Education and vocational skills training programs. The findings highlight the vital role of human capital in fostering economic growth and development in developing countries. They underscore the need for comprehensive strategies to overcome human capital development challenges. Overall, the study highlights the importance of investing in human capital development to promote sustainable growth and development in developing countries and recommends comprehensive strategies prioritizing education, healthcare, and skills development, focusing on promoting equal access to opportunities for all individuals.

Keywords: Human capital and developing countries; low literacy and education levels; insufficient healthcare; high unemployment and underemployment; brain drain. (search for similar items in EconPapers)
JEL-codes: I25 J24 O15 (search for similar items in EconPapers)
Date: 2023
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