Importance Of Human Development

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People are the wealth of a nation. Indeed, the basic purpose of sustainable development is to expand human choices. People of the nation should be equitably benefited through the process of sustainable development. Brundtland Report presents sustainable development as “Development that meets the needs of the present without compromising the ability of future generations to meet their own needs” (WCED, 1987). Human beings are considered as human capital in modern economic literature. Improved skill, training, higher education, healthy life, new modern technologies, research and development, proper nutrition, food, sanitation etc are required for sustainable development. Thus, human development is a crucial ingredient of sustainable development.…show more content…
Human development can be defined as a process of enlargement of the capacity of people's choices. The choices can be in various fields: political freedom and participation in community life, to be educated and to have freedom of expression, to survive and to have a healthy life and to enjoy a decent standard of living .(MahbubulHaq, 1996). The central objective of Human Development Reports of UNDP from the 90’s and up to now, was "to underline the fact that the development is in the first place and fundamentally linked to the people". (Klugman J, 2010). According to the new paradigm, human development can be regarded as a process of expanding the real freedoms enjoyed by the people (Sen, 2004). So, human development is the development of people, for people and by…show more content…
(Stewart, G., Ramirez, F.,2000). Now human development is a very important memo for developing countries like India. Human development and economic growth should move together. Ranis (2004), explained that the extension of the capacity and freedom lead to increased economic performance, and human development would have a significant effect on development. Similarly, on the extent in which the revenue increase increases also the range of options and capabilities that benefit on the same extent households but also the governments; in this way growth will enhance human development. Ramirez et al. (1998) exploring connections between economic growth and human development, identifying two directions, one of the economic growth to human development and the other, in the opposite direction, from human development toward economic growth, they found that there is a strong positive relationship in both directions, and public spending on social services and education are important connections that determines the relationship between economic growth and human development, while investment rate and income distribution connections are important to determine the relationship between human development and economic
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