Human Capital Intervention and Poverty Reduction
Definition of Terms
- Human capital
The knowledge, skills, and competencies embodied in individuals that facilitate the creation of personal, social, and economic well-being (OECD 2001: 18).
Is a people-centered development approach for positive change from participation of real target groups in policy initiation, implementation, monitoring, and evaluation processes.
- Human development
UNDP defines human development as a process of enlarging people’s choices such that people can lead a long and healthy life, acquire knowledge, and have access to the resources they need to have a decent standard of living.
- Poverty reduction
Strategic policy measures, both economic and humanitarian, that are intended to permanently lift people out of poverty.
Green et al. (2006) argue that growth with poverty reduction has become the goal of development strategy. They further...
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