Virtuous Circles? Human Capital Formation, Economic Development and the Multinational Enterprise:
In recent years, academics and policy makers have emphasised the role of human capital formation in economic development. By creating human capital, countries become more attractive to private investment, both domestic and foreign. And through such investment, countries grow and prosper. Yet the emp...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2002
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| Schriftenreihe: | OECD Development Centre Working Papers
no.191 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | In recent years, academics and policy makers have emphasised the role of human capital formation in economic development. By creating human capital, countries become more attractive to private investment, both domestic and foreign. And through such investment, countries grow and prosper. Yet the empirical evidence in support of this theory remains elusive. While foreign direct investment (FDI) has multiplied in many countries around the world since the 1980s, its effects on growth are uncertain. Why is that the case? In this paper I argue that political economy pathways exist that may lead countries away from sustained growth. In countries that lack well-developed capital and education markets, many otherwise qualified citizens may be denied the basic skills they need in order to contribute fully to the nation's economic development. As societies become divided, they become more conflicted, and this conflict dampens growth, irrespective of the level of foreign direct investment ... |
| Beschreibung: | 1 Online-Ressource (26 p.) 21 x 29.7cm. |
| DOI: | 10.1787/231858424154 |
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| spelling | Kapstein, Ethan B... VerfasserIn aut Virtuous Circles? Human Capital Formation, Economic Development and the Multinational Enterprise Ethan B., Kapstein Paris OECD Publishing 2002 1 Online-Ressource (26 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Development Centre Working Papers no.191 In recent years, academics and policy makers have emphasised the role of human capital formation in economic development. By creating human capital, countries become more attractive to private investment, both domestic and foreign. And through such investment, countries grow and prosper. Yet the empirical evidence in support of this theory remains elusive. While foreign direct investment (FDI) has multiplied in many countries around the world since the 1980s, its effects on growth are uncertain. Why is that the case? In this paper I argue that political economy pathways exist that may lead countries away from sustained growth. In countries that lack well-developed capital and education markets, many otherwise qualified citizens may be denied the basic skills they need in order to contribute fully to the nation's economic development. As societies become divided, they become more conflicted, and this conflict dampens growth, irrespective of the level of foreign direct investment ... Development FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/231858424154 Volltext |
| spellingShingle | Kapstein, Ethan B.. Virtuous Circles? Human Capital Formation, Economic Development and the Multinational Enterprise Development |
| title | Virtuous Circles? Human Capital Formation, Economic Development and the Multinational Enterprise |
| title_auth | Virtuous Circles? Human Capital Formation, Economic Development and the Multinational Enterprise |
| title_exact_search | Virtuous Circles? Human Capital Formation, Economic Development and the Multinational Enterprise |
| title_full | Virtuous Circles? Human Capital Formation, Economic Development and the Multinational Enterprise Ethan B., Kapstein |
| title_fullStr | Virtuous Circles? Human Capital Formation, Economic Development and the Multinational Enterprise Ethan B., Kapstein |
| title_full_unstemmed | Virtuous Circles? Human Capital Formation, Economic Development and the Multinational Enterprise Ethan B., Kapstein |
| title_short | Virtuous Circles? Human Capital Formation, Economic Development and the Multinational Enterprise |
| title_sort | virtuous circles human capital formation economic development and the multinational enterprise |
| topic | Development |
| topic_facet | Development |
| url | https://doi.org/10.1787/231858424154 |
| work_keys_str_mv | AT kapsteinethanb virtuouscircleshumancapitalformationeconomicdevelopmentandthemultinationalenterprise |