Human Capital Improvement: The Key For The Success Of Economic Development

Kodrat Wibowo ()

No 199902, Working Papers in Economics and Development Studies (WoPEDS) from Department of Economics, Padjadjaran University

Abstract: The economic crisis engulfing many Less Developed Countries (LDC’s) has focused attention on the fragility of their financial sector. But longer-term need of many LDC’s economies is to boost technological capability. While the physical capital is no longer the main problem for most of them, they need to improve their human capital by giving them appropriate skill and knowledge through educational improvement policy. This paper proposes strategies to improve the human capital by adding World Bank suggestion to enhance the information sector, which is crucial to effective market.

Keywords: human capital; economic development (search for similar items in EconPapers)
JEL-codes: O15 (search for similar items in EconPapers)
Pages: 13 pages
Date: 1999-05, Revised 1999-05
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