Q-28 = Population growth is an asset and not liability for attainment of economic well being of people in Pakistan. Do you agree with this view? Explain why.
POPULATION GROWTH AS AN ASSET
Human resources are very important for the economic development of a country. If the people are educated, well trained, skillful and healthy then they would be in a position to utilize the country’s natural resources in such a way that output of goods and services will enhance. There will be prosperity in the country and standard of living of the masses will increase.
The country will become prosperous and will be developing by leaps and bounds. The best example in this regard is Japan. In Japan, natural resources are very less but the Japanese are well educated, technically highly trained and hard working. That is the reason that Japan has developed economically. Similarly Singapore is a very small country and there are no natural resources, yet it has developed the reason is that the people are very well educated, skillful and hardworking.
Human capital formation means the process of acquiring and increasing the number of persons who have kills, education and experience, which are critical for the economic and political development of a country. Human capital formation is thus associated with investment in man and his development as a creative and productive resource. Human capital formation means increase in productive potential and skills of the manpower. This is possible by providing education, training, expertise and better health facilities to the people.
If people of a country are well educated, trained and healthy, they can develop their own techniques and efficient methods of production within the parameters of their own environment and culture. They can better use the available national resources; can utilize the foreign aid and grants more efficiently for economic progress and prosperity of the country. Since there is general unemployment in developing countries, the human capital formation removes unemployment from the country. Educated and trained people become a source of increase in productivity and national income of the country. All these factors increase their standard of living as well as social and cultural values of the people.
POPULATION GROWTH AS AN ASSET
Human resources are very important for the economic development of a country. If the people are educated, well trained, skillful and healthy then they would be in a position to utilize the country’s natural resources in such a way that output of goods and services will enhance. There will be prosperity in the country and standard of living of the masses will increase.
The country will become prosperous and will be developing by leaps and bounds. The best example in this regard is Japan. In Japan, natural resources are very less but the Japanese are well educated, technically highly trained and hard working. That is the reason that Japan has developed economically. Similarly Singapore is a very small country and there are no natural resources, yet it has developed the reason is that the people are very well educated, skillful and hardworking.
Human capital formation means the process of acquiring and increasing the number of persons who have kills, education and experience, which are critical for the economic and political development of a country. Human capital formation is thus associated with investment in man and his development as a creative and productive resource. Human capital formation means increase in productive potential and skills of the manpower. This is possible by providing education, training, expertise and better health facilities to the people.
If people of a country are well educated, trained and healthy, they can develop their own techniques and efficient methods of production within the parameters of their own environment and culture. They can better use the available national resources; can utilize the foreign aid and grants more efficiently for economic progress and prosperity of the country. Since there is general unemployment in developing countries, the human capital formation removes unemployment from the country. Educated and trained people become a source of increase in productivity and national income of the country. All these factors increase their standard of living as well as social and cultural values of the people.