File2-page140 - poverty and stagnant growth many countries...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Human Capital widespread provision – helps expand capabilities, improve skills and equalise opportunity sets across households – represent investments in human cap- ital which is central to the process of economic growth – healthy, literate populations are more able to take advantage of growth opportunities that arise key role to play in the creation of “virtuous cycles” of development – in- vestments in basic health and education – skill and product upgrading – higher growth – generates additional resources for investments in human capital – positive feedback loops of this type are seen to underlie the cre- ation of “growth miracles” – e.g., East Asia Despite its centrality to welfare and growth – most low income countries characterised by low levels of provision of health and education – cov- erage far from universal + attainment as proxied, for example, by infant mortality and literacy rates – far below what is achievable in the devel- oped nations poor health and education indicators – typically associated with widespread
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: poverty and stagnant growth many countries caught in a “vicious cycle” of development – limited invest-ments in basic health and education – limits capability of the population to learn new skills or engage in new, advanced production processes – low or negative rates of growth – if coupled with high population growth may lead to a net dwindling in the resources available for future investments in human capital – negative feedback loops, e.g., sub-Saharan Africa Implication: returns to investments in basic health and education in terms of welfare improvement and poverty reduction will be much higher in developing as opposed to developed countries – some countries have recorded massive improvements in health and so-cial indicators even at low levels of income Basic health is taken to refer to public health and essential clinical services Development Economics, LSE Summer School 2007 137...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern