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What is Human Capital Formation in Development about?

Human capital formation plays an important role in economic development alongside physical capital formation. It refers to the stock of skills, knowledge, and competencies gained through education, training, health care, and experience. Key indicators of human capital formation include levels of educational attainment, especially for higher levels of education, and the proportion of the population or labor force in skilled occupations. Investment in human capital contributes to economic growth, reduces inco

Author

Haneesha Muddasani

Language

EN