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Human Capital in Developing Countries: Common Challenges and the Path Forward

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  • Marjan Entekhabi

    (The "Lucian Blaga" University of Sibiu)

Abstract

This paper examines the challenges of human capital development in developing countries and identifies potential strategies for addressing these issues. The study utilizes a mixed-methods approach, including a comprehensive literature review, quantitative secondary data analysis, and qualitative case studies. The literature review identifies six main challenges: low literacy and education levels, insufficient healthcare, high unemployment and underemployment, brain drain, gender disparities, and limited investment in skills development. The study identifies policy initiatives and interventions to enhance education, health, and skills development, such as the Global Partnership to Promote Education and vocational skills training programs. The findings highlight the vital role of human capital in fostering economic growth and development in developing countries. They underscore the need for comprehensive strategies to overcome human capital development challenges. Overall, the study highlights the importance of investing in human capital development to promote sustainable growth and development in developing countries and recommends comprehensive strategies prioritizing education, healthcare, and skills development, focusing on promoting equal access to opportunities for all individuals.

Suggested Citation

  • Marjan Entekhabi, 2023. "Human Capital in Developing Countries: Common Challenges and the Path Forward," Journal of Emerging Trends in Marketing and Management, The Bucharest University of Economic Studies, vol. 1(2), pages 18-29, July.
    • Handle: RePEc:aes:jetimm:v:1:y:2023:i:2:p:18-29
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    References listed on IDEAS

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    More about this item

    Keywords

    Human capital and developing countries; low literacy and education levels; insufficient healthcare; high unemployment and underemployment; brain drain.;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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