The Link Between Economic Growth And Human Development Essays

The Link Between Economic Growth And Human Development Essays

Length: 1324 words (3.8 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

The link between economic growth and human development has been a subject of rigorous empirical econometric work since the 1970s. Foreign Direct Investment (FDI), which is an important component of human development especially in modern regional and global economies, has been found to explain varying levels of return and economic growth.
Foreign Direct Investment is a major source of capital for most developed and developing countries. It is usually difficult for countries to generate capital through domestic savings and based on their domestic strengths and capacities alone. It is even more difficult to import up-to date technology from abroad taking into consideration issues of transportation and the technical expertise required for operation, let alone the risk and cost involved. The introduction of FDI has made this a lot easier for many countries around the world. Not only does FDI bring about the introduction of new technology, it also contributes to the general growth of a country’s economy.
Investing around 35 to 40 per cent of Gross Domestic Product every year increases economic growth by 7 to 8 per cent if not more. Many countries including the United States of America and China have seen a rapid growth in their economy as a result of the massive impacts of FDI’s.

It is clear that Foreign Direct Investment (FDI) is an integral part of an open and effective international economic system and a major catalyst to development. Being an integral part of that international economic system, Tanzania economy has been changing in recent past since the introduction of the mixed economy system especially with the structural adjustment policies that started to take place in early 1990’s. Many and outstanding milestones have been r...


... middle of paper ...


...FDI (Dunning, 1993). Furthermore, the relative importance of FDI determinants may change over time, for instance due to globalization. Factors that have been brought out as determinants of FDI in developing countries include political and macroeconomic stability, infrastructure quality, governance, regulatory environment openness to trade and investment promotion strategies (UNCTAD, 1998). However, it is important to note that even though these factors have been empirically proven to be FDI determinants, some determinants may apply to some regions but not others. For instance, on average, countries in Sub-Sahara Africa (SSA) receive less FDI than other regions by virtue of their geographical location (Asiedu, 2002). However, it is important to note that even when factors apply to a particular region, they may not be applicable to a specific country within that region.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The Link Between Confucianism And Economic Growth Essay

- Positive School While a number of explanations focused on East Asia’s historical context, government intervention strategies, or changes to global manufacturing practices (Lin, 2012). Wiarda (2013) states that in nearly every discussion the debate is centered on two factors- institutions and culture. That is, between market economic development or technological innovation and “getting prices right”, and the Asian Values thesis that emphasises the link between Confucianism and economic growth. The latter or the ‘positive school’ follows recent attempts to revive Confucianism and argues that Confucian principles such as education, filial piety, hard work, and strong authority are the primary r...   [tags: Confucianism, Confucius, Han Dynasty]

Better Essays
727 words (2.1 pages)

Relationship Between Human Resources Management And Human Resource Development

- Introduction This essay discusses the relationship existing between Human resources management and human resources development. Furthermore it explains about learning, change and quality management; and the process in which organisational change can be tackled through learning and development. Also, the terms Learning & development and Human resource development is been used interchangeably. Human resources management (HRM) and Human resources development (HRD) Ever since the origin of the concept of HRM, it is known to have taken care of the basic and administrative personnel management activities in an organisation....   [tags: Human resource management, Human resources]

Better Essays
1215 words (3.5 pages)

Field Of Early Child Care And Youth Development Essay

- Field of Early Child Care and Youth Development In the year of 1991 the National Institute of Child Health and Human Development (NICHD) began a study to help gather some information about different non-maternal child care-placements. In the study it talks about children and families who utilize the child care and those who do not. It is the most comprehensive study of children and it provides reliable, accurate, research-based data about non-maternal child care. The NICHD study will demonstrate the differences in child care experiences relating to children’s social, emotional, intellectual, and language development, physical growth and health....   [tags: Developmental psychology, Human development]

Better Essays
1318 words (3.8 pages)

Essay on Human Resources And Human Resource Management

- Human Resources may aid organizations in many ways. It is seen as being an advocate of employees, to help ensure fair and equal treatment is given to all employees regardless of personal backgrounds or circumstances. Human Resource Management is the design of management systems that allows organizations to effectively use its human talent to reach the company’s goals and missions. Managing people in organizations is more than administering a pay program, designing trainings or avoiding law suits....   [tags: Human resource management, Human resources]

Better Essays
711 words (2 pages)

The Approaches Of Development Proposed By The Speakers Essay

- This essay interweaves the approaches of development proposed by the speakers’ presentations and discussions held during the seminars of Perspectives in International Development throughout the Fall Semester 2015. The common thread among the different approaches would be the role that building human and social capital may play in achieving the goal of development. The essay considers nutrition as a form of physical human capital, and a precondition for developing other dimensions of human capital....   [tags: Sociology, Food, Nutrition, Economic development]

Better Essays
1439 words (4.1 pages)

The Link Between Republicans And Anti Environmentalism Essay

- Explaining the Link Between Republicans and Anti-Environmentalism The United States is currently experiencing growing division and polarization between political parties. Although this polarization is pertinent for all issues, currently one of the most divisive topics is climate change and the environment. The gap in the percentage of Republicans and Democrats who ascribe to pro-climate change views, eg. the effects of climate change have already begun, climate change is anthropogenic, etc. has been steadily widening since the late 1990’s (Dunlap, McCright, Yarosh 2016)....   [tags: Environmentalism, Sustainability]

Better Essays
1572 words (4.5 pages)

Link Between Health Medical Center Essay

- Link Health Medical Center Link Health Medical Center is one of the country 's most far reaching scholastic human services conveyance frameworks, devoted to giving the most astounding quality and most sympathetic consideration to patients in the New York metropolitan area and throughout the world. Link Health is in collaboration with two renowned medical schools: Evans University College of Physicians & Surgeons and Akin Medicine University. Link Health is devoted to molding and shaping its medical leaders education and research centered on patient clinical care....   [tags: Medicine, Hospital, Health care, Physician]

Better Essays
1003 words (2.9 pages)

The World Bank Development Report Essay

- Because of international development in the top, the social space in the mountain disadvantages individuals at the bottom. The World Bank Development Report for 2009, social space is conceptualized as the mountain, which represents individuals networked within space. The people within the social space contribute to the system by providing human capital to sustain the mountain, which represents the center of the network. However, the poor individuals networked in the social space are ostracized, underpaid, and overworked....   [tags: World Bank, Poverty, Working class, Development]

Better Essays
1204 words (3.4 pages)

The Development Of Human Resource Management Essay

- Since the number of UK employees in the trade union climbed to a peak of over 13 million in 1979, Trade Union member is decreased to 6.5 million in 2013. (Office for National Statistics, 2014) This downward trend is related to the development of Human Resource Management (HRM) and also link to the change in motivation employees, the general economy, working conditions, employees’ laws and Trade Union laws. The most important reason for workers leaving trade union is because some workers do not need trade union at all....   [tags: Trade union, Employment, Collective bargaining]

Better Essays
1514 words (4.3 pages)

Essay on The Effects of Prenatal Cocaine-Exposure On Cognitive Development

- There are many factors that are integrated into the successful development of a child from Prenatal growth into toddlerhood. Teratogens (outside factors) have a great impact on the babies’ inutero development. Some outside factors like second-hand smoke, smog, or fumes from cleaning chemicals can cause negative effects on the child inside the womb. A few major affects from teratogens could result in low birth weight, head circumference, slow physical growth as well as an effect on mental, behavioral and motor skills (Berk, 2003)....   [tags: Prenatal Growth]

Better Essays
1686 words (4.8 pages)