Question

"There is urgent need to invest in Human Resource" explain

Answer 1

There is a rapid growth in globalization, technology and economic liberalization in developed and developing countries. To counteract this, the government of these countries prioritizes skills development as crucial approach for economic growth and competitiveness.

 

In poor developing countries, the challenges are profound and complex.  To show productivity and economic growth, these countries recognize the importance of human resource in enhancing other investments and policies. Therefore, formal qualification is necessary for skills development and employment and productivity.