Human capital Development in Economics

WYA President Obadias Ndaba speaks on development  January 29, 2013 – 01:49 pm

World Youth Alliance President Obadias Ndaba reminds a group of Lasallian youths that development is multifaceted, in a two-hour lecture that transpired in DLSU’s Waldo Perfecto Seminar room last January 25.

 

In line with the Philippines’ unprecedented surge in economic growth, Ndaba explains that the Philippines’ global competitiveness has spiked (now holding the 65th spot out of 144 countries, according to the World Economic Forum’s Global Competitiveness Index last September 2012),  a positive development in a faltering worldwide economy.

 

He commends the Philippines’ young workforce, saying it gives prospective Filipino workers an advantage over aging nations like Japan, United States, and Europe.

 

However, human capital development – enhanced through education, health care – still needs improvement to keep our footing strong; he also emphasizes that population density has no correlation with the development state of a country. Rather, development level is greatly influenced by the allocation of basic resources.

 

Beyond the stability of natural resources and a thriving market, Ndaba advocates that transcending the economic gap calls for not only an investment in human capital, but also the strengthening of good morals and central values towards a strong governing institution.

Source: The LaSallian

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