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Human capital

31/5/15

Vietnam has been ranked at 59th out of 124 countries on the "Human Capital" in 2015 by the World Economic Forum (WEF), after Thailand but above China, India, Brazil, Indonesia...
According to the WEF, Human capital (HC) is the index to assess the education and skills of workers and employment in the age from 15 to 65.
It is also the index to measure the ability to nurture talent through education, skill development at all stages of human’s life cycle. In other words, this is the mark to evaluate the potential skills of people. Finland is at the forefront and exploits the potential for 86% of human capital, while Vietnam is nearly 68.5% at pretty average.
No long before that, the report of the Organization for Economic Cooperation and Development (OECD) ranked Vietnam at 12th of examination results in mathematics and science by students in the age of 15, bypassing the US and Australia while the ranking of WEF if containing only “human capital” under the age of 15, Vietnam ranks only at 78th. That is 66 level lower than the index of the OECD ...
Anyway, let's look at actual human potential exploitation is happening in our country. Not incidentally, the Prime Minister has met the first time with more than 60 amateur inventors who are mainly the farmers with scientific technological products.
The trust, encouragement and placement an order with them are the good sign but also touched. When the majority of regular scientific research was “optimistic” somewhere between this life, leaving many places market managers to check the quality of fertilizer ... orally as Minister of Industry and Trade reported before National Congress.
Pupils at the age of 15 in Vietnam could “overtake” American and Australian pupils on Mathematics and science but they lag far behind in the long way race at least a few years later. As for now, recruitment of foreign enterprises in Vietnam is still quite struggling, including the engineers, bachelors who are formal trained by Vietnam’s educational system. The recognition rate of re-trained workers is high.

Vietnam is in the structure of “demographic bonus” of working age, but it is a not worth considering significant advantage as the quality of human resources was not commensurate. As a resource but we still have to export crude labor with simple lines in a way of selling raw materials at present, the national image is significantly affected. Restricting exports unskilled labor is problem of many countries with the same the “circumstances”. Whether there is a lesson for us? And how much do we exploit the potential of human capital if many areas still lack respect for human beings.
Chia sẻ bài viết ^^
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All comments [ 10 ]


Gentle Moon 31/5/15 13:41

A measure of the economic value of an employee's skill set. This measure builds on the basic production input of labor measure where all labor is thought to be equal.

Red Star 31/5/15 13:42

The concept of human capital recognizes that not all labor is equal and that the quality of employees can be improved by investing in them. The education, experience and abilities of an employee have an economic value for employers and for the economy as a whole.

For A Peace World 31/5/15 13:45

Individuals differ in both inherited and acquired abilities, but only the latter differ among countries and time periods. Human capital analysis deals with acquired capabilities which are developed through formal and informal education at school and at home, and through training, experience, and mobility in the labor market.

Vietnam Love 31/5/15 13:46

Just as accumulation of personal human capital produces individual economic (income) growth, so do the corresponding social or national aggregates.

Voice of people 31/5/15 13:47

At the national level, human capital can be viewed as a factor of production coordinate with physical capital. This implies that its contribution to growth is greater the larger the volume of physical capital and vice versa.

Me Too! 31/5/15 13:48

The framework of an aggregate production function shows also that the growth of human capital is both a condition and a consequence of economic growth.

Socialist Society 31/5/15 13:48

Human capital activities involve not merely the transmission and embodiment in people of available knowledge, but also the production of new knowledge which is the source of innovation and of technical change which propels all factors of production.

yobro yobro 31/5/15 13:49

This latter function of human capital generates worldwide economic growth regardless of its initial geographic locus.

LawrenceSamuels 31/5/15 13:51

Contrary to Malthus, economic growth has not been eliminated by population growth.

John Smith 31/5/15 13:52

Indeed, spatial and temporal patterns of the "demographic transition" appear to be congruent with economic growth. Human capital is a link which enters both the causes and effects of these economic-demographic changes.

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