Tshwane University of Technology ECON ALE30BT Chapter 8 Human Capital: Education and Health in Economic Development 1)In less than 5 five sentences, Describe and comment on each the economic relationship of greatest concern for development between education and What is human capital and why is it crucial to expand human capital as part of the development process? What factors cause private and social rates of return for primary and secondary education to diverge in developing countries? Why have poor nations invested so much money in education and health? Evaluate the soundness of these reasons

Economics Aug 03, 2021

Tshwane University of Technology

ECON ALE30BT

Chapter 8 Human Capital: Education and Health in Economic Development

1)In less than 5 five sentences, Describe and comment on each the economic relationship of greatest concern for development between education and

What is human capital and why is it crucial to expand human capital as part of the development process?

What factors cause private and social rates of return for primary and secondary education to diverge in developing countries?
Why have poor nations invested so much money in education and health? Evaluate the soundness of these reasons.
Why is eradicating child labor seen as an economic investment?

Explain some of the reasons why developing countries have not realized a greater positive development impact from their higher education programs.

Why should the development of a solid elementary education system take precedence over an expansion of the university system in developing countries?

Evaluate critically the following statement: The developed countries have all shown a significant increase in the numbers of university-trained workers as incomes have risen; thus the development

of a solid university system should be among the major priorities of developing countries.

Explain why the education of girls is probably the most cost-effective development investment. Be sure to include in your answer some discussion of at least two of the following: absolute poverty, health and development, fertility, and agriculture..
In developing countries higher educational facilities have tended to expand to the point where social benefits exceed private benefits. What is the economic explanation for this?
Is child labor a problem in developing countries? Explain.

Explain how a better-educated population will also tend to be healthier, and vice versa, that a healthier population will tend to be better educated.
How can an increase in human capital lead to an increase in GDP? Why might it not lead to an increase in GDP?
Investment in human capital is very similar to investing in physical capital. True or false? Explain your answer.
What is educational inequality and how is it measured? Why is it important to measure the degree of educational inequality in a country? Explain your answer.
What are the critical health challenges facing developing countries today and what measure(s) are being taken to confront these challenges? Explain your answer.

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