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OverviewHuman capital accumulation can be explained to contribute to utility maximization. In general, it is a direct contribution in the utility function, this is because the more human capital each individual can accumulate in terms of knowledge and skills, the more happiness will be obtained for each one. Hence, it brings this question: Why can economic growth lead human capital accumulation educational level to be raised? The reason is because that when one country has good economic growth, then any primary, secondary and university schools have enough effort or resource to raise teacher individual teaching skills in order to teach many high knowledge and skillful level of students and satisfy their learning needs. Hence, the factors of these primary, secondary and university schools' educational inputs will also be raised, such as the teacher individual characteristics, their educational quality and educational experiences and qualities of their educational services provided and the interest of the country in accumulating educational high level of human capital need. For example, when the country encounters a high economic growth rate, it is able to demand new technology, as a result of its well-educated society, such as China is one developing country, it needs a well-educated society to educate or train its high educational or skillful labors when it is experiencing in one good economic growth period. So, China's firms encouraged to adopt the advanced technologies developed in high income countries, when global economic growth is coming. It will cause the country, such as China will need to educate many high educational and skillful level labors to do any kinds of high technological jobs in itself country. So, China is a developing country because it needs to develop high technological manufacturing industry, it explains how its economic growth leads high educational and skillful labors development. Full Product DetailsAuthor: Johnny Ch LokPublisher: Independently Published Imprint: Independently Published Dimensions: Width: 21.60cm , Height: 0.20cm , Length: 28.00cm Weight: 0.100kg ISBN: 9781730785429ISBN 10: 1730785425 Pages: 32 Publication Date: 02 November 2018 Audience: General/trade , General Format: Paperback Publisher's Status: Active Availability: In stock  We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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