chapter  2
Human capital and development
ByMilan Thomas with Nicholas Burnett
Pages 14

This chapter reviews theory and evidence on the economics of human capital, with an emphasis on the education aspect of human capital and its impact on economic growth in developing countries. We focus our discussion on development as measured by economic growth (i.e., change in gross domestic product) while recognising that there is a range of other dimensions that human capital accumulation influences, such as social development and health.