Sri Lanka
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Publisher:
Published: 2014
Total Pages:
ISBN-13:
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Author: Harsha Aturupane
Publisher:
Published: 2015
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: Weltbank
Publisher:
Published: 2014
Total Pages:
ISBN-13:
DOWNLOAD EBOOKEducation is one of the most important determinants of economic performance in the modern world. This is true of both countries and individuals. The main characteristic which distinguishes between advanced economies, middle-income economies and low-income countries, is the knowledge content of their production activities and processes. Economic activities and products have become increasingly knowledge and skill-intensive in recent years. In addition, the importance of knowledge and skills is growing at an accelerating pace. Education is at the heart of human capital accumulation and economic growth. Education increases cognitive skills and soft skills of individuals. In addition, education improves the capacity of individuals to be trained for specific occupations and to acquire job-related skills. These effects of education enable individuals to accumulate human capital, improve labor productivity and increase life-cycle earnings. In the aggregate, this process generates economic growth. Investment in education produces a broad range of social benefits. Well-educated individuals, especially women, are better able to control their fertility and family health, resulting in reduced child, infant and maternal mortality, and higher life expectancy. Education also facilitates social mobility by creating opportunities for poor and disadvantaged groups to raise their economic and social status. A broad range of further externality benefits of education have been identified in the economic literature. These cover aspects of social well-being such as better political decision making, reduced incidence of crime, and higher quality public services. Education also produces inter-generational economic and social benefits: increased education in one generation improves schooling, labor productivity and income in the next. The public goods, informational imperfections and distributive justice aspects of education provide the economic justification for state investment in the education sector.
Author: Harsha Aturupane
Publisher: World Bank Publications
Published: 2021-08-31
Total Pages: 161
ISBN-13: 1464817189
DOWNLOAD EBOOKHuman capital is a central determinant of economic well-being and social advancement in the modern world economy. The concept of human capital covers the knowledge, skills, nutrition, and health that people accumulate over their lives, enabling them to realize their potential as productive members of society. Because of the vital importance of human capital for economic growth, the World Bank has launched the Human Capital Project (HCP), which includes the Human Capital Index (HCI). The objective of the HCP is to accelerate human capital development around the world. The HCI is a cross-country metric designed to measure and forecast a country’s human capital. Sri Lanka is a lower-middle-income country seeking to become an upper-middle-income country. Developing human capital to a new and higher level will be central to achieving this development goal. After the country’s 26-year secessionist conflict ended in 2009, Sri Lanka’s economy enjoyed rapid growth at an average rate of almost 6 percent between 2010 and 2017, reflecting a peace dividend and a determined policy thrust toward reconstruction and growth. However, in more recent years there have been signs of a slowdown. The economy is transitioning from a predominantly rural economy to a more urbanized one. In the context of the HCP and the HCI, Sri Lanka Human Capital Development analyzes the main achievements and challenges of human capital development in this East Asia and Pacific island country in health and nutrition—including stunting—and in education—including the challenges posed by Sri Lankans’ low participation in higher education. The report concludes with a look at the importance of building a consensus among the public and other stakeholders to launch an ambitious human capital development program in Sri Lanka.
Author: Harsha Aturupane
Publisher:
Published: 2021
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKHuman capital is a central determinant of economic well-being and social advancement in the modern world economy. The concept of human capital covers the knowledge, skills, nutrition, and health that people accumulate over their lives, enabling them to realize their potential as productive members of society. Because of the vital importance of human capital for economic growth, the World Bank has launched the Human Capital Project (HCP), which includes the Human Capital Index (HCI). The objective of the HCP is to accelerate human capital development around the world. The HCI is a cross-country metric designed to measure and forecast a country's human capital. Sri Lanka is a lower-middle-income country seeking to become an upper-middle-income country. Developing human capital to a new and higher level will be central to achieving this development goal. After the country's 26-year secessionist conflict ended in 2009, Sri Lanka's economy enjoyed rapid growth at an average rate of almost 6 percent between 2010 and 2017, reflecting a peace dividend and a determined policy thrust toward reconstruction and growth. However, in more recent years there have been signs of a slowdown. The economy is transitioning from a predominantly rural economy to a more urbanized one. In the context of the HCP and the HCI, Sri Lanka Human Capital Development analyzes the main achievements and challenges of human capital development in this East Asia and Pacific island country in health and nutrition-including stunting-and in education-including the challenges posed by Sri Lankans' low participation in higher education. The report concludes with a look at the importance of building a consensus among the public and other stakeholders to launch an ambitious human capital development program in Sri Lanka.
Author: OECD
Publisher: OECD Publishing
Published: 1998-05-04
Total Pages: 111
ISBN-13: 9264162895
DOWNLOAD EBOOKThis report clarifies what is now known about human capital and how it can be measured.
Author: Asian Development Bank
Publisher: Asian Development Bank
Published: 2017-12-01
Total Pages: 302
ISBN-13: 9292610392
DOWNLOAD EBOOKHuman capital is an important factor for economic growth in South Asia. Between 1981 and 2010, human capital contributed about 22% of annual gross domestic product per worker growth in India. During the same period, it contributed around 21% in Bangladesh, and 16% in Sri Lanka. However, education and skills remain the binding constraint. Raising the quality of education and skills in South Asia's workforce can play a critical role in catching up to the level of development of the People's Republic of China, the Republic of Korea, and other successful Southeast Asian economies. This study reviews the development of human capital in South Asia and analyzes contributing factors to human development including policies and strategies that countries in South Asia follow.
Author: Nombulelo Duma
Publisher: International Monetary Fund
Published: 2007-09
Total Pages: 32
ISBN-13:
DOWNLOAD EBOOKThis paper uses the growth accounting framework to assess Sri Lanka's sources of growth. It finds that while labor was the dominant factor contributing to growth in the 1980s, labor's contribution declined over time and was overtaken, to a large extent, by total factor productivity (TFP) and, to a lower extent, by physical and human capital accumulation. A higher growth path over the medium term will depend on securing a stable political and macroeconomic environment; implementing structural reforms necessary to improve productivity and efficiency of investment; attaining fiscal consolidation; and creating space for the private sector.
Author: Kumudini Renuka Ganegodage
Publisher:
Published: 2001
Total Pages: 370
ISBN-13:
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Publisher:
Published: 2019
Total Pages:
ISBN-13:
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