✦ LIBER ✦

The role of HRD in economic development

✍ Scribed by Suhail S. Zidan

Publisher: John Wiley and Sons
Year: 2001
Tongue: English
Weight: 63 KB
Volume: 12
Category: Article
ISSN: 1044-8004
DOI: 10.1002/hrdq.1007

No coin nor oath required. For personal study only.

✦ Synopsis

Beyond its effects on individuals and organizations, HRD also carries with it the potential for economic development benefits at the societal level. The literature suggests six causes of economic development: (1) foreign trade, (2) technological transfer, (3) resource allocation, (4) structural transformation, (5) human capital formation, and (6) savings and investment (Hagen, 1986;Loehr and Powelson, 1981). The focus of this article is on the role of HRD on the last two causes of economic development: human capital formation and savings and investment. Specifically, I discuss the relationship between human capital and HRD, describe the research context that takes place at the encounter point between less-developed countries (LDCs) and a multinational enterprise (MNE), and propose a set of research questions to guide future research.

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