Description

Human capital has ability and efficiency of labor to transform raw materials and capital into products and services to affect economic growth. The accumulation of human capital improves labor productivity and increases the returns to capital. However, a well educated background is essential to raise technology to develop economic growth in Asia developing countries especially.In macro and micro economic view, the well educated labor ( human capital) is often as one of the critical factors to influence rapid economic growth to the Asia developing countries' any regions or cities. Because any of these Asia developing countries, such as China, Korea, Philippines etc. countries which need have well educated and knowledgeable labors to raise any employers' productivities and income growth.