Economics of Human Resources Development under Globalization Era: A Study of BRICS Countries

Autor/inn/en	Hassan, Samir Ul; Rymbai, Motika Sinha; Bhat, Aasif Ali
Titel	Economics of Human Resources Development under Globalization Era: A Study of BRICS Countries
Quelle	In: European Journal of Training and Development, 43 (2019) 7-8, S.682-698 (17 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	2046-9012
DOI	10.1108/EJTD-10-2018-0101
Schlagwörter	Labor Force Development; Economic Development; Global Approach; Foreign Countries; Geographic Regions; Differences; Brazil; Russia; India; China; South Africa + Suchen Sie Ihr Suchwort? Arbeitskräftebestand; Wirtschaftsentwicklung; Globales Denken; Ausland; Unterscheiden; Brasilien; Russland; Indien; Südafrika; Süd-Afrika; Republik Südafrika; Südafrikanische Republik
Abstract	Purpose: The study aims to explore the extent to which human resources development quantifies the economic growth of BRICS countries under the globalization era by controlling country differences. Design/methodology/approach: The study used the Generalized Method of Moments (GMM) and Scheffe pairwise comparison tests to quantify the impact of the variables and the level of difference among the BRICS countries onto human Resources development. Findings: The study observes that the impact of human resources development on economic growth of BRICS counties is significant but limited to few countries. The study reveals that countries such as India and South Africa are unable to utilize their human resources efficiently to promote economic growth, as compared with Russia, China and Brazil. The study further argues that there is urgent need of amalgam of various economic development theories keeping in mind the regional needs to extract the positive impact from human resource on economic development. Research limitations/implications: The single limitation of this research is that it was not possible to compare the results with other developing countries to unleash the capabilities of human resources development with regard to economic growth at the universal level. Originality/value: To the best of the authors' knowledge, this paper is the first of its kind to analyze human resources development at a much deeper level. The paper has chosen variables which are important from the policy perspective of government rather than the working perspective, which is a great contribution. Further, for human index the variables chose covering major aspects of human development from spending perspective. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01