As above, firm value is enhanced when, and if, the return on capital exceeds the cost of capital.

Education. China has taken enormous strides in building human capital.

And, indeed, human capital policy is now much in fashion.

Investing in library based human capital will become an essential budgetary priority of the Organization.

With the destruction of human capital, Europe s social fabric is tearing, and its future is being thrown into jeopardy.

Human capital management is sometimes used synonymously with HR, although human capital typically refers to a more narrow view of human resources i.e., the knowledge the individuals embody and can contribute to an organization.

But curtailing social programs in both Europe and Russia would jeopardize human capital, their most valuable comparative advantage.

Without sustained investments in human capital and institution building, growth is condemned to peter out.

They generate more investment in human capital health and education.

That means increasing capital and human capital intensity across both the tradable and non tradable sectors of the economy.

By 2012, human capital s contribution to China s GDP growth fell almost to zero, with fixed capital accumulation accounting for roughly 60 of total growth.

Cultivating human capital requires a supportive cultural environment, a well developed educational system, and research and innovation centers.

Growth will need to rely to a much greater extent on sustained improvements in human capital, institutions, and governance.

When economists examine human capital, they prefer measurable criteria such as years of schooling.

The lack of human capital and the limited knowledge of internationalization are further impediments that need to be addressed.

The sharp differences in comparative advantage that were apparent two decades ago are diminishing as the gap in income, capital depth (including human capital), and capabilities narrows.

Poor regions have a low base of economic activity to tax, which prevents them from investing in human and physical capital.

Simon Kuznets, one of the twentieth century s great economists, was a pioneer of human capital theory.

Remittances improve countries' ability to finance development objectives, the foremost of which are poverty reduction and improvement of human capital.

High world oil prices and capital inflows are strengthening the balance of payments and contributing to exchange rate appreciation.

Concretely, this means introducing land reform and privatization, regulating food and drugs, protecting human capital and intellectual property, safeguarding the value of household savings, ensuring market access, and executing fair and transparent taxation.

Moreover, economists have argued that universalism is an investment in human capital that aids the development of a nation as a whole.

The amount of the Working Capital Fund was set by the General Conference at 9 million (GC.2 Dec.27).

Moreover, making the transition requires investments in human capital that individuals often cannot afford.

In other words, the exodus of human capital, while providing a source of currency in the short term hampers our countries' long term development.

It must be recognized that the concept of ownership by the people will have value added benefits both in terms of economic and of human capital.

The key is to reflect on six kinds of capital goods business capital, infrastructure, human capital, intellectual capital, natural capital, and social capital.

That means that China is beginning to rejoin the human race as capital accumulation meets scarcer labor and growth slows.

Education also affects the inter generational formation of human capital, with the education of mothers influencing the educational attainment of children.

The President had been exemplary in that regard, having emphasized on various occasions the critical role of human capital in national development.

In general, these programs provide money to poor families under the condition that those transfers are used as an investment on their children's human capital, such as regular school attendance and basic preventive health care.

They are resisting appreciation through foreign exchange intervention and capital controls.

In 2003 the government of Hugo Chávez implemented currency controls after capital flight led to a devaluation of the currency.

This implies the need to upgrade China s industrial structure, accelerate the formation of human capital, facilitate technological progress, and undertake further institutional reforms.

When economists, again with their dry jargon, talk about a country s human capital, what they really mean is the cognitive and physical abilities of its people.

Investment in human capital is equally important to create a basis for economic diversification and to foster evolution towards knowledge based economies.

Member States should support the College in its efforts to enhance the effectiveness of the human capital of the entire system with a view to the achievement of the Millennium Development Goals.

Their reactions range from buying up the foreign money to prevent currency appreciation to adopting capital controls, and, in extreme cases, to keeping the money out altogether.

Initial capital

An alternative scenario relies on the powerful unifying impact of human capital, the defining factor in the quest for global influence.

It requires an industrialization drive, accompanied by the steady accumulation of human capital and institutional capabilities to sustain services driven growth once industrialization reaches its limits.

Finally, cities benefit the economy by locating human capital in one relatively small geographic area where ideas can be generated.

Human capital development cannot take place without proper schools and healthcare provisions agricultural productivity depends on, among other things, irrigation systems and land management.

It also recognizes the importance of the development of human capital in Afghanistan through ongoing investments in health and education and enhancing the productive capacity of rural communities.

Given this, China s continued economic success depends on reducing state ownership of productive capital, facilitating market innovation and growth, and investing in human capital, such as through education, health care, and social welfare.