Q-23=The qualitative improvement of growing population affect positively on economic development. How far it is true with Pakistan
QUALITATIVE IMPROVEMENT OF POPULATION RESOURCES
Human resources are very important for 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 with is 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 investment is set up in the form of creative and productive resources in human and their development. 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.
QUALITATIVE IMPROVEMENT OF POPULATION RESOURCES
Human resources are very important for 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 with is 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 investment is set up in the form of creative and productive resources in human and their development. 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.