Open AccessKaramat Ali (ed). Pakistan: The Political Economy of Human Resource Development. Lahore/Karachi/Islamabad: Vanguard Books (Pvt.), 2001. 231 pages. Hardbound. Rs 595.00.
Author(s) -
Zafar Mueen Nasir
Publication year - 2001
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v40i2pp.149-152
Subject(s) - vanguard , human resources , human capital , human development (humanity) , politics , economic growth , development economics , investment (military) , economy , geography , political science , economics , management , law , archaeology
Human resource development has assumed primary importance inthe development process since the Industrial Revolution. Historicalexperience indicates that a major share of the wealth of nations isexplained by investment in human capital [UNDP, Human Development Report(1996)]. Major developed countries invest billions of dollars in thedevelopment of human resources to raise their economic growth rates. Thedevelopment of Japan is attributed entirely to the development of itshuman resources. Other Asian countries such as Singapore, Korea, HongKong, and Taiwan are also following in the footsteps of Japan in theirpursuit of development.