Human Development and Economic Growth: A Global Perspective

Contents: Foreword. Preface. 1. Human development: dimensions and challenges. 2. Studies on human development: a review. 3. Determinants of human development. 4. Impact of education and health on economic development. 5. Human development and economic growth: a causality analysis. 6. Summary and conclusions. Bibliography. Index.

Human development plays a pivotal role in the process ofeconomic development. A countrys potential to grow is dependent notonly on physical resources but also on human resources. Humancapital formation is both qualitative and quantitative in the sensethat it involves attainment of the skills, education and experienceas well as enhancing the number of individuals who possess thesequalities.

Modern concept of development is much more than the increase inincome and output. Rather, it is a multi-dimensional process whichinvolves the reorganization and reorientation of the whole economicand social system. It not only involves radical changes ininstitutional, social and administrative structures, but also inpopular attitudes, customs and beliefs. Economic development inmodern times is understood, inter alia, in terms of reduction ofpoverty, inequality and unemployment in a growing economy. Humancapital formation, thus, is central to any developmentstrategy.

The present volume contains a comprehensive study on theinter-relationship between human development and economic growth,covering almost all the countries of the world categorized intodeveloping countries, high income countries, upper middle incomecountries, lower middle income countries, low income countries andall countries taken together.