Human Capital and Economic Diversification in Developing Countries: An Exploration of the Relationship between Education, Training, and Economic Structure

Dr Sony Kurian

doi:10.71097/IJSAT.v16.i1.2507

Human Capital and Economic Diversification in Developing Countries: An Exploration of the Relationship between Education, Training, and Economic Structure

Author(s)	Dr Sony Kurian
Country	India
Abstract	Economic diversification is critical for sustainable economic growth and development in developing countries. Human capital, particularly education and training, plays a crucial role in facilitating economic diversification. This paper explores the theoretical concepts related to human capital and economic diversification in developing countries, with a focus on the relationship between education, training, and economic structure. This paper explores the theoretical concepts underlying the relationship between human capital, education, training, and economic diversification in developing countries. As developing countries strive to break the shackles of poverty and achieve sustainable economic growth, the importance of human capital in driving economic diversification cannot be overstated. This study delves into the intricate relationship between education, training, and economic structure, uncovering the ways in which investments in human capital can propel economic growth, reduce inequality, and foster economic diversification. Using a comprehensive framework that integrates insights from economics, education, and development studies, this research explores the complex interplay between human capital, economic structure, and economic diversification. The findings of this study underscore the critical role of education and training in enhancing the productivity and competitiveness of workers, firms, and economies, ultimately driving economic diversification and sustainable growth.
Keywords	human capital, economic diversification, education, training, economic structure, developing countries, sustainable growth.
Field	Arts
Published In	Volume 16, Issue 1, January-March 2025
Published On	2025-03-16
Cite This	Human Capital and Economic Diversification in Developing Countries: An Exploration of the Relationship between Education, Training, and Economic Structure - Dr Sony Kurian - IJSAT Volume 16, Issue 1, January-March 2025. DOI 10.71097/IJSAT.v16.i1.2507
DOI	https://doi.org/10.71097/IJSAT.v16.i1.2507
Short DOI	https://doi.org/g88r9s

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Human Capital and Economic Diversification in Developing Countries: An Exploration of the Relationship between Education, Training, and Economic Structure

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