The foreign investors are getting benefit as compare to domestic investors because of modern technology, due to production costs and skill acquisition but they are able to learn in their own country and modernize their techniques. FDI brings a significant and positive benefit on the economy of developing countries and
Economic development means promotion and betterment in the economic opportunities and quality of life; and the reduction of poverty. Improving health and education sectors, clean environment and proper use of resources are essential parts of economic development and growth. Also the transportation of goods as well as services is also part of economic growth. The good transport system in not only providing better supplies of goods and services, but also improving mobility of workers or labors. Globalization has changed the global economy, currency exchanges, people 's circulation, free movement of capital, increased cross-border trade and flow of information.
On the other way, improvements in the quality of the labour force (Education, Health) are an essential factors contributing to economic growth. But, while this two-way connection between human development and economic growth may now be widely agreeable, the particular factors connecting them have not been systematically explored. This paper is going to deepen the understanding of the two-way relationship between human development and economic growth at both the theoretical and empirical levels. And support our discussion by a real example “Countries” that will be my empirical evidences. In order to examine the relationship between HD and EG we need to study the two-way connection between them, and test how each one related and contributed to the other theoretically and empirically.
Intellectual property protection contributes to economic growth in both developed and developing countries by encouraging innovation, cultural diversity and technical development as part of a wider political framework. If properly used, intellectual property rights can also be a key asset for the eradication of poverty through trade. Intellectual property is unique and it is the result of personal creativity and innovation. In each case, the intellectual property stimulates progress, transforming society and adding value to our lives. It is because of such great people who have improved the science and provided a better and easier life to humanity, today in the civilized world we are experiencing the increasing protection of the intellectual, moral and economic rights of
And if can develop skills of labors, it can help the economy of the country better. Therefore, Vietnam has developed a system of education in the country. In response to the economic development of the country. So there were many skilled labors, it will good affect for the economy of country. And if there are labors for demand of labor market, it will make the investors to invest in Vietnam.
In the contemporary setting, the upsurge of technology paved way for global modernization that makes humanity’s life easier and convenient. The benefits of technological advancement, in different fields and areas of discipline, have been visible and very well felt in developed countries - those considered part of the First World Category. On the other hand, the effects are still rippling among developing states in different regions worldwide. Though some may view technology as an aide or tool to achieve sinister objectives (e.g. abortion, drug abuse, nuclear weapons, etc.
These could help local government administrator or subordinate to do their work base on suited for their departments. When each department does their best then it will generate more revenue, which can used for expansion and develop your local, and finally develop the country. For example, if local managers work with autonomy or freedom, they will reduce their pressure from higher levels of managers, and the work could be effective. They also have a chance to practice their talents and have initiative, because they could do to their best. All of these are the causes that could make the country continue
The role of education in facilitating social and economic progress is well accepted today. The ability of a nation’s population to learn and perform in an environment where scientific and technological knowledge is changing rapidly is critical for its growth. While the importance of human capital and its augmentation for a nation’s development cannot be over-emphasized, its micro-economic consequences also need to be acknowledged. Improvements in the functional and analytical ability of children and youth through education open up opportunities leading to both individual and group entitlements. Improvements in education are not only expected to enhance efficiency (and therefore earning) but also augment demographic participation, upgrade health
I. Background of the study Economic development is defined as the focus of a federal, state and local government to improve our standard of living through creating of jobs, the support of innovation and new ideas, the creation of higher wealth and the creation of an overall better quality of life. It can also be defined based on what it is trying to accomplish, these objectives includes improving education system through new schools, improving infrastructures such as roads and bridges and enhancing public safety through fire and police services. As of today, it is visible that an essential requirement of post-modern development is opening your doors to globalization; interactions between nations that bring overflowing
2.3.1 Human Capital Human capital is not only an important asset with a vital role in the growth and development of an economy, it is also a good investment for promoting a better nation. Son (2010) highlighted human capital as a key factor of production, which contributes effectively to production function by transforming physical inputs into outputs in the form of goods and services. The findings also explained that the accumulation of human capital would improve labour productivity, facilitates technological innovations, increase returns on capital, enhance a more sustainable growth, which in turn facilitates a reduction in poverty in the macroeconomic perspective. Human capital was considered as a component of education that contributes