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Human capital base and employment in Punjab

Shodhganga@INFLIBNET

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Field Value
 
Title Human capital base and employment in Punjab
 
Contributor Gill, Kanwaljit Kaur
 
Description There has never been restraint on the part of the economists through ages as to find out the factors of
economic development. Smithian economists enquired the nature and causes of the wealth of the
nation. The mercantilists were of the view that foreign trade is the magic wand for growth.
Economists of the eighteenth century concentrated on capital formation as the way that an economy
can grow. Marx formulated a labour theory of value for growth. Development of entrepreneurial
ability was the key for development in Schumpeter's writings. It has been a consensus among a
large chunk of economists that the growth in GDP (Gross Domestic Product) has never trickled
down to the masses. Rather, the unanimous agreement has been to address the basic human capital
development and poise for a growth model with a human face. It was only in the twentieth century
that the term human capital has been considered as a growth engine and has been developed in more
systematic manner. This approach defines developed in more systematic manner. This approach
defines people as a capital asset which yields a stream of economic benefits over their working life.
During the past two decades or so, our perspective of the goals of development has gone under a sea
change. Income levels, growth and distribution of income, are no more the sole objectives of
development. Education, health and quality of life have become equally respectable objectives of
development. Significantly, education and health are not only taken to be the end objectives of
development, they are universally recognized as crucial means to development as well. Human
capital is already surging ahead to replace physical capital as the sole mover of the growth process.
Policy Implications p.212-261
 
Date 2011-05-19T05:52:14Z
2011-05-19T05:52:14Z
2011-05-19
20-12-2010
 
Type Ph.D.
 
Identifier http://hdl.handle.net/10603/2097
 
Language English
 
Rights university
 
Format 212p.
DVD
 
Publisher Patiala
Punjabi University
Department of Economics
 
Source INFLIBNET