Review Article
The Role of Human Capital in Economic Development: A Theoretical Analysis
Tesfay Gebrehiwet Abrha*
,
Brhane Tesfay Weldeyohans
Issue:
Volume 13, Issue 2, June 2025
Pages:
30-35
Received:
2 March 2025
Accepted:
31 March 2025
Published:
27 April 2025
Abstract: Human capital is a critical driver of economic development, serving as the foundation for enhanced productivity, innovation, and sustained economic growth. This paper provides a comprehensive theoretical analysis of the relationship between human capital and economic development, examining key dimensions such as education, skill acquisition, and health. By synthesizing established economic theories, the study demonstrates how strategic investments in human capital ranging from formal education and vocational training to healthcare and nutrition generate long-term economic benefits. The findings reinforce the argument that human capital is not merely a complementary factor but a fundamental determinant of economic progress, shaping a nation’s ability to compete in an increasingly knowledge-driven global economy. The analysis highlights the pivotal role of quality education in equipping individuals with the cognitive and technical skills necessary for modern labor markets. Additionally, it underscores the significance of healthcare in ensuring a productive workforce, as healthy individuals are more capable of contributing to economic activities and adapting to technological advancements. Lifelong learning and continuous skill development are also emphasized as essential components of human capital accumulation, particularly in the face of rapid technological change and automation. To illustrate these concepts, the study examines case studies from countries with highly effective human capital systems, such as Finland and South Korea. These nations exemplify how targeted policies in education reform, equitable healthcare access, and gender-inclusive workforce participation can foster economic resilience and growth. Finland’s emphasis on teacher training and equitable education, alongside South Korea’s focus on STEM education and innovation, offers practical insights for policymakers. The paper concludes with actionable policy recommendations, advocating for increased investments in early childhood education, vocational training programs, and universal healthcare. Furthermore, it stresses the importance of gender equality in education and employment to fully harness human capital potential. By prioritizing these areas, governments can lay the groundwork for sustainable economic development, reducing inequality and enhancing global competitiveness. Ultimately, the study reinforces the imperative of human capital development as a cornerstone of prosperity in the 21st century.
Abstract: Human capital is a critical driver of economic development, serving as the foundation for enhanced productivity, innovation, and sustained economic growth. This paper provides a comprehensive theoretical analysis of the relationship between human capital and economic development, examining key dimensions such as education, skill acquisition, and he...
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Research Article
An Assessment of Corporate Wellness Programs on Employee Engagement in Five-Star Hotels in Kenya
Issue:
Volume 13, Issue 2, June 2025
Pages:
36-47
Received:
18 March 2025
Accepted:
28 March 2025
Published:
29 April 2025
Abstract: Five-star hotels in Kenya have experienced high labour turnover which could be attributed to low engagement of workers. This study examined the effect of corporate wellness programs on employee engagement in five-star hotels in Kenya. The study was guided by Maslow’s hierarchy of needs theory. Positivism research philosophy, descriptive research design and stratified proportionate sampling were adopted. Data was gathered from a sample of 369 workers in seven five-star hotels in Kenya using questionnaires. Two five-star hotels in Nairobi City County served as the sites of a pilot test. The acquired data was subjected to both descriptive and inferential statistical analysis with the aid of SPSS version 24. The mean, standard deviation, coefficient of deviation, and percentages were illustrations of descriptive statistics. Multiple regression analysis and correlation analysis were representations of inferential statistics. The results showed that employee engagement and corporate wellness initiatives at Kenya's five-star hotels were significantly and positively related. Based on the study's findings, employee engagement and corporate wellness initiatives in Kenya's five-star hotels are positively correlated, and this relationship was moderated by organizational support. The study recommended that five-star hotels should prioritize the accessibility and convenience of recreational facilities, focus on diversifying the available wellness programs to cater to a broader range of employee preferences and conduct regular surveys or focus groups in order to gauge employee interests and preferences.
Abstract: Five-star hotels in Kenya have experienced high labour turnover which could be attributed to low engagement of workers. This study examined the effect of corporate wellness programs on employee engagement in five-star hotels in Kenya. The study was guided by Maslow’s hierarchy of needs theory. Positivism research philosophy, descriptive research de...
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Research Article
Right Environmental Participation of Indigenous in Chile
Jorge Luis González González*
Issue:
Volume 13, Issue 2, June 2025
Pages:
48-57
Received:
3 February 2025
Accepted:
28 February 2025
Published:
9 May 2025
Abstract: This research article analyzes standards derived from International Environmental Law and International Human Rights Law on the right to environmental participation of Indigenous Peoples, examining their reception and applicability in the Chilean internal legal system. Its objective is to establish the content, scope and limitations of the right to environmental participation of Indigenous Peoples, its reception and application in the Chilean legal system. We use dogmatic legal methodology with qualitative techniques and documentary research. It is concluded that, despite having reception and application, there is an incompatibility between what is established in the international standards regarding the right to environmental participation of indigenous peoples and specifically in relation to the right to consultation, with the Chilean internal legal system. If compliance with international obligations is not addressed in good faith, and the rights of indigenous peoples in Chile are not received, applied, formulated and recognized, in accordance with international standards, the right to prior consultation and respect for and guarantee of rights cannot be established. Advancing in the recognition and role of Indigenous Peoples in environmental matters and the recognition of their rights, as well as the protection of nature through shared biocultural governance is a challenge for the Chilean State.
Abstract: This research article analyzes standards derived from International Environmental Law and International Human Rights Law on the right to environmental participation of Indigenous Peoples, examining their reception and applicability in the Chilean internal legal system. Its objective is to establish the content, scope and limitations of the right to...
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