IDEAS home Printed from https://ideas.repec.org/a/ibn/assjnl/v14y2018i2p98.html
   My bibliography  Save this article

Enhancing Thailand's Competitiveness through the Understanding of Human Capital

Author

Listed:
  • Maneewan Chat-uthai
  • Pradit Wanarat

Abstract

This paper explores the meaning and importance of human capital, the basic investment, as well as the earning it returns. In essence, human capital is a crucial factor for management to keep pace with change and disruption. From Adam Smith to Nelson Mandela, education has always been the powerful impetus that has enriched and enabled human potential for effective production. To localize this concept, Human Capital Competiveness indices were explored to map Thailand's status and strength compared to other Asean communities. Most importantly, based on the exemplary teaching of His Majesty King Bhumibol, a model of functional citizenry is constructed to decode this notable concept of human capital and thus put it into actual practice.

Suggested Citation

  • Maneewan Chat-uthai & Pradit Wanarat, 2018. "Enhancing Thailand's Competitiveness through the Understanding of Human Capital," Asian Social Science, Canadian Center of Science and Education, vol. 14(2), pages 1-98, February.
    • Handle: RePEc:ibn:assjnl:v:14:y:2018:i:2:p:98
    as

    Download full text from publisher

    File URL: https://ccsenet.org/journal/index.php/ass/article/download/72238/40191
    Download Restriction: no
    File URL: https://ccsenet.org/journal/index.php/ass/article/view/72238
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Michael Spence, 2002. "Signaling in Retrospect and the Informational Structure of Markets," American Economic Review, American Economic Association, vol. 92(3), pages 434-459, June.
    2. Mincer, Jacob, 1984. "Human capital and economic growth," Economics of Education Review, Elsevier, vol. 3(3), pages 195-205, June.
    3. Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Voxi Heinrich AMAVILAH, 2016. "Economic Progress as Related Sets of Non-Repeating Eclipses," Journal of Economics Library, KSP Journals, vol. 3(2), pages 295-302, June.
    2. Coronel Vicente J. & Díaz-Roldán Carmen, 2024. "Government Expenditure, Education, and Productivity in the European Union: Effects on Economic Growth," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 18(1), pages 1-24.
    3. Hiroaki Hayakawa & Yannis P. Venieris, 2019. "Duality in human capital accumulation and inequality in income distribution," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 9(3), pages 285-310, September.
    4. Nour, Samia, 2011. "Estimating the rate of return to education in Sudan," MERIT Working Papers 2011-033, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    5. Diane Charlton & J. Edward Taylor, 2020. "Rural school access and the agricultural transformation," Agricultural Economics, International Association of Agricultural Economists, vol. 51(5), pages 641-654, September.
    6. Amavilah, Voxi Heinrich, 2014. "Knowledge = Technology + Human Capital and the Lucas and Romer Production Functions," MPRA Paper 58847, University Library of Munich, Germany.
    7. Adriaan van Zon & Robert Antonietti, 2004. "On the Role of Education and Training as Drivers of Growth," DEGIT Conference Papers c009_027, DEGIT, Dynamics, Economic Growth, and International Trade.
    8. Nour, Samia Satti Osman Mohamed, 2011. "Assessment of the gender gap in Sudan," MERIT Working Papers 2011-004, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    9. Păcurariu Gabriela, 2019. "The Integration of Higher Education Graduates on the Labor Market," European Review of Applied Sociology, Sciendo, vol. 12(19), pages 23-32, December.
    10. Adeeba Sarwar & Muhammad Azmat Hayat, 2021. "A Nexus among Institutions, Education and Economic Growth: An Analysis of Developing Countries," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 11(1), pages 30-42, January.
    11. Satinder Singh & Jajati K. Parida, 2022. "Employment and Earning Differentials Among Vocationally Trained Youth: Evidence from field studies in Punjab and Haryana in India," Millennial Asia, , vol. 13(1), pages 142-172, April.
    12. ZAPJI YMELE Aime Philombe, 2024. "Human Capital Productivity and "ageing" Expenditure: An OECD Study," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 14(3), pages 1-1.
    13. Amavilah, Voxi Heinrich, 2014. "Human Knowledge and a Commonsensical Measure of Human Capital: A Proposal," MPRA Paper 57670, University Library of Munich, Germany.
    14. Iamsiraroj, Sasi, 2016. "The foreign direct investment–economic growth nexus," International Review of Economics & Finance, Elsevier, vol. 42(C), pages 116-133.
    15. Ferdinand Thies & Sören Wallbach & Michael Wessel & Markus Besler & Alexander Benlian, 2022. "Initial coin offerings and the cryptocurrency hype - the moderating role of exogenous and endogenous signals," Electronic Markets, Springer;IIM University of St. Gallen, vol. 32(3), pages 1691-1705, September.
    16. Emanuela Marrocu & Raffaele Paci & Stefano Usai, 2013. "Productivity Growth In The Old And New Europe: The Role Of Agglomeration Externalities," Journal of Regional Science, Wiley Blackwell, vol. 53(3), pages 418-442, August.
    17. Kellee S. Tsai, 2017. "Elite Returnees in Beijing and Bangalore: Information Technology and Beyond," HKUST IEMS Working Paper Series 2017-47, HKUST Institute for Emerging Market Studies, revised Dec 2017.
    18. Günther Rehme, 2007. "Education, Economic Growth and Measured Income Inequality," Economica, London School of Economics and Political Science, vol. 74(295), pages 493-514, August.
    19. Władysław Welfe, 2008. "A Knowledge-Based Economy: New Directions of Macromodelling," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 14(2), pages 167-180, May.
    20. Marelli Enrico & Sciulli Dario & Signorelli Marcello, 2014. "Skill mismatch of graduates in a local labour market," Экономика региона, CyberLeninka;Федеральное государственное бюджетное учреждение науки «Институт экономики Уральского отделения Российской академии наук», issue 2, pages 181-194.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:assjnl:v:14:y:2018:i:2:p:98. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.