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i have 3 stus plz do 3 copies due 5heach one need 1.5 pages answer and 1 page replyQA FORMAT, 2.5 PAGES FOR EACH STU, TOTAL ARE 7.5 PAGES REPLY WORK I ATTACH

The following questions are based on Human Capital and Human Development in the context of Economic Development of Developing Nations:

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Post your brief but concise responses on the following Questions by due date. You may also respond to postings by other fellow class mates as part of your responses.

Make sure you give proper citation and references as part of your discussion/contribution.

1. What is human capital and why is it so crucial to expand human capital as part of the development process in developing countries? Give concrete example(s) of specific countries as part of your answer to substantiate.

2. Explain some of the reasons why developing countries have not realized a greater positive development impact from their higher education programs. In this context, why should the development of a solid elementary education system take precedence over an expansion of the university system in developing countries? Give specific country example that you find in your readings for the relevant materials.

3. Explain how a better-educated population will also tend to be a healthier, and vice versa, that a healthier population will tend to be better educated. In this context, how can an increase in human capital lead to an increase in GDP? Why might it not lead to an increase in GDP? Give a concrete example as part of you explanation to this question.

4. Apply what you have learned about development and development theories so speculate on the following thought experiment: It is about the role of Human Capital and Related Attributes.

What, if anything, might be different about today’s international economic order if the Spanish had colonized North America and the English had colonized South America? Also make a comment to one of your cohort’s postings. Please make sure you provide proper citations and references from your reading materials, if any.

Kaiyue:

Question one

Human capital refers to the economic value of the skills and experience of a worker. It is the sum of assets associated with workers that allows them to be productive in an economic setting (Ingham, 2015). It is very important to expand human capital as part of the development process in developing countries. The expansion of human capital means that the level of productivity in the country expands. An example of this is the availability of a skilled labor force in China. It is this labor force that has helped to convert China into the world’s factory. Major companies all over the world are moving their manufacturing to China because they recognize the human capital potential in the country.

Question two

Developing countries have not realized greater positive development from higher education programs. This is due to an overall lack of planning of the education system. They have not set up the education system in such a manner that it is compatible with the economic system in the country (Pillay, 2010). There has also been no prioritization of the professions that are in the highest demand in the country. A well thought out education system targets learners from the elementary level and channels them towards professions that are essential given the state of the country’s economy. Most of these countries simply have higher education for the sake of it without detailed planning on how the graduates will be absorbed into the job market.

Question three

A better educated population will tend to be healthier. First of all this population has knowledge on health trends and what is needed to maintain health. Additionally this population has the financial muscle to afford a healthy lifestyle (Johnston, 2013). In the United States, for example, organic food, which is considered as being healthier, is more expensive than the other alternatives in the market. This kind of food is also popular among people with a high level of education.

An increase in human capital can lead to an increase in GDP if the opportunities exist for this human capital to be effectively exploited. An example of this is in China where there are job opportunities available for the large population. If the opportunities are not available then an increase in human capital simply equates to a dormant resource.

References

Ingham, J. (2015). Strategic human capital management: Creating value through people. Routledge.

Johnston, L. F. (2013). Higher education for sustainability: Cases, challenges, and opportunities from across the curriculum. Routledge.

Pillay, P. N. (2010). Linking higher education and economic development: Implications for Africa from three successful systems. African Minds.

Zhogyuan:

Question one

Human capital refers to the professional and personal attributes that are useful in the production process. It covers different areas of interest such as knowledge, skills, health and mind set (Baron, 2017). All these factors serve to ensure that employees are able to enter the economic environment and create different levels of utility based on these attributes. Human capital has to be expanded as part of the development process in developing countries. This expansion means that the country will have a larger number of people who can create economic utility. A very good example of this is India and the country’s focus on science and technology. Most western companies outsource their customer care faculties to India because they recognize the human capital that the country has to offer.

Question two

Higher education has been touted as an avenue through which developing countries can realize a positive development impact. This has, however, not been the case. The uptake in higher education has not resulted in the theorized economic development. This is due to poor planning in these countries. The higher education is not structured in such a manner that it offers the required utility to the given countries (Baker, Wiseman, 2016). People graduate only to find that there are no jobs available for them. Some of the countries have a rich manufacturing background yet churn out thousands of graduates who have majored in other sectors that are not as vital to the economy. A more successful method would be a holistic structuring of the education sector from the elementary level to make it compatible with the economic needs and plans of the country.

Question three

There is a positive correlation between education and health. Educated people have more knowledge on healthier foods. They also have more financial muscle and can afford essentials such as a gym membership. They also seem to place a higher value on their health (Organization for Economic Co-operation and Development, 2007). College graduates in countries such as the United States are well versed with health trends and the benefits of adopting a healthy lifestyle.

An increase in human capital is theoretically linked to an increase in GDP. Higher human capital means that there is an increase in the skills that are needed to create economic productivity. There must, however, be appropriate avenues through which the human capital can be exploited. An example of this is a country like Nigeria with a large number of graduates but limited job opportunities.

References

Baker, D. P., & Wiseman, A. W. (2016). The worldwide transformation of higher education. Emerald Group Publishing.

Baron, A. (2017). Human capital management: Achieving added value through people. Kogan Page Publishers.

Organization for Economic Co-operation and Development. (2007). Health, higher education and the community: Towards a regional health University : Report. Centre for Educational Research and Innovation.

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