Human Capital in Latin American Economic Development

HUMAN CAPITAL IN LATIN AMERICAN ECONOMIC Developtment

The concern for the economic development in the developing countries has been an issue for several decades. Many policy makers around the globe in various developing countries have formulated development strategies for their economies in consultation with the developed countries and international bodies. The central focus of all the policies have been on the development and investment on the following areas which will lead to the economic strengthening of the developing economies.

a) Investment in human and physical capital

b) Technological change transfers

c) Assistance from foreign development

d) Private capital flow

e) Creative investments which lead to increased return on investments

f) Investment in research and development.

g) Encouraging the environment of entrepreneurship

h) Institutional framework of the economy

Positive contribution of political freedom and infrastructure in structuring economic development framework.

Economic Outlook of Latin...
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