Question

Answer the following :

Explain the role of Human Resource in Economic Development.

Answer 1

1. In modern times, Human development is considered as an end and the economic growth is a means to achieve this end. So, human conditions should be improved to achieve economic development.
2. Human development helps to reduce civil disturbances and helps in bringing political stability. This in turn helps in achieving the goal of economic development.
3. Human development is concerned with widening not merely income choices but also social, cultural, or political aspects of human development.
4. Human resource development occurs through the spread of educational facilities. An increase in literacy rate, especially among women helps in reducing birth rate and infant mortality rate. This contributes to population control. This further helps in economic development.
5. Human resource development improves life expectancy and literacy rates. This further improves the quality of life.
6. Human resource development helps to bring about research and development.
7. Human development helps to increase human productivity. For example, investment in nutrition, health, and education results in higher productivity.
8. The concept of human development is universal.

It applies to less-developed as well as highly developed countries. Thus, human development embraces the entire society.