Investment in human beings may be examined from the Human Resource Development approach (HRD) and the Human Development approach (HD). The human-resource developers stress the productivity and efficiency aspect of investments. The basic premise of the HRD approach is that human beings invest in themselves by means of education, training or other activities, which raises their future income by increasing their lifetime earnings. The other approach is that of Human Development that stresses the quality of life or well-being dimension of such investments. The Human Development approach considers the acquisition of education, health and nutrition as an end in itself and as essential components that ensure better quality of life rather than as a means to ensuring higher productivity and earnings.
Critique , Equality , Equity , Trickledown
27 months ago