importance of human development in the process of economic development (marks 4)
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Explanation:Role of Human Development in Economic Development
The policies involved, such as encouraging higher levels of investment, technology change and an improved distribution of income, can leverage the successes in human development into sustainable economic gains. ... This emphasis on levels differentiates human development from human capital in endogenous growth theory.
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Development concerns expanding the choices people have, to lead lives that they value, and improving the human condition so that people have the chance to lead full lives. ... Thus, human development is about much more than economic growth, which is only a means of enlarging people's choices.
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