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Can Any countries Economic Growth Lead Human Development

Johnny Ch Lok

However, I bring this question: Can economic growth bring knowledge-based economic society to lead talent human development really. I shall indicate reasons to explain whether they have relationship to lead talent human development as below: When the country has good economic growth, employers need skilled labor number will increase in the highest demand.

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Book Information

Publisher: Independently Published
Publish Date: 10/28/2018
Pages: 56
ISBN-13: 9781729364932
ISBN-10: 1729364934
Language: English

Full Description

However, I bring this question: Can economic growth bring knowledge-based economic society to lead talent human development really? I shall indicate reasons to explain whether they have relationship to lead talent human development as below: When the country has good economic growth, employers need skilled labor number will increase in the highest demand. Although, the manufacturing sector is losing jobs, but employment is growing in high-technology, science-based sectors ranging from computers to pharmaceuticals, high knowledge-based jobs. These jobs are more highly skilled and pay higher wages than those in low technology sectors, e.g. textiles and food processing. Moreover, knowledge-based jobs in service sectors are also growing strongly. Indeed, non-production or knowledge-based job in service sectors engage in the output of physical products are the employees in most demand in a wide range of activities from computer technicians, through physical therapists to marketing specialists. The use of new technologies, which are the engine of long -term gains in productivity and employment. Generally improve the " skills base" of the labor force in both manufacturing and services. And it is largely balance of technology that employers now pay more for knowledge than for manual work. So, it seems that economic growth will have possible to cause knowledge-based economic society to any countries.Then, I shall explain the question: Can knowledge-based economic society lead talent human development? In fact, it is not a new idea that knowledg plays an important role in the economy . Also economists are noew developing new growth theories to explain the forces which drive long-term economic growth. In new growth theory, knowledge can raise the returns on invetment, which can contribute to the accumulation of knowledge. It is done by stimulating more efficient methods of production organization as well as new and improved products and services. Knowledge can also spill over from one firm or industry to another with new ideas used repeatedly at little extra cost. Such spillovers can ease the constraints placed on growth by scarcity of capital. Hence, it seems knowledge-based economic society will encourage employers to train talent human to contribute their any new kinds of knowledge to do any kinds of new creating jobs. Moreover, knowledge-based economy can also encourage employers to create more different kinds of new knowledge jobs to lead talent human development.The talent human development includes these complex-areas of knowledge in order to fulfil their jobs as below:

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