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Assessment of Human Capital and Development.Contributions from Structural Funds

Matei, Ani and Ceche, Reli (2018): Assessment of Human Capital and Development.Contributions from Structural Funds. Published in: Proceedings of the 5-th ACADEMOS Conference ”Development, Democracy and Society in the Contemporary World”, , Vol. 5, (14 June 2018): pp. 226-231.

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Abstract

Numerous studies and publications pay attention to the evolution of human capital and the direction of their connection with development and democracy. ([1], [2], [3] etc.) Although from a conceptual point of view, human capital does not have sufficient explanatory power, the assumption that the performance of economic and social development depends heavily on human capital is almost unanimously accepted. From here, also arise the relevant concerns of the academic, business and public business community for assessing human capital and its impact on development. In this context, besides research on the nature of human capital, interdependencies and organizational responsibility and the incorporation of human capital into the economy of the future, other two theoretical and empirical directions, promoted on the one hand by the World Economic Forum or another part of the European Commission through the Structural Funds. The concerns of the two institutions become convergent on programs for human capital. If, [4, pp.2]proposes ”a new benchmark for leaders to build the workforces of the future”, the Structural Funds provide concrete instruments for investing in human capital. The present paper aims to substantiate and exemplify a new framework for assessing human capital and the contribution of structural funds to its evolution.

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