LIRNEasia has a human capital research focus. In this context, the Economist’s succinct exposition of the ideas of Gary Becker is worth reading: Simply put, human capital refers to the abilities and qualities of people that make them productive. Knowledge is the most important of these, but other factors, from a sense of punctuality to the state of someone’s health, also matter. Investment in human capital thus mainly refers to education but it also includes other things—the inculcation of values by parents, say, or a healthy diet. Just as investing in physical capital—whether building a new factory or upgrading computers—can pay off for a company, so investments in human capital also pay off for people.
Sujata Gamage, the Team Leader of the Human Capital Research Program has started a weekly column in the Financial Times in English and in the government newspaper, Dinamina, in Sinhala. Here is an excerpt from her first column in FT. But, how do our youth really feel about the state of affairs in their country? There is a widely held belief that this age group was instrumental in turning the tide against President Rajapaksa in the 2015 presidential election, but, we have little concrete evidence. Other countries such as UK, Australia and Malaysia carry out regular youth surveys but we don’t.
The development of knowledge workers is obviously important for the emergence of inclusive knowledge economies. We have been working on this, but it has not been front and center of our public communication. This will change in the next little while. The 2015 Budget Speech of the Government of Sri Lanka placed its central emphasis on the development of human resources, as befits a country moving into middle-income status. But the policy proposals require some focus.
Thought-provoking piece, based on company-survey data, about how place is becoming irrelevant to work. BTW, the tax principle that Bangladesh is praised for was implemented in Sri Lanka maybe five years ago. The online work is already changing how some governments think about labor. Last May the government of Bangladesh decided to classify online work as export-related commercial income, free of taxes, instead of as a taxed offshore remittance. The idea, Mr.
The findings of the survey of degree opportunities available in Sri Lanka were announced by Sujata Gamage, Team Leader of the Human Capital Research Program, and by Tilan Wijesooriya, Researcher, at an event organized by the Education and Human Resources Committee of the Ceylon Chamber of Commerce on 27 June 2012. The presentation is here. First report includes: In 2010 the graduate output was about 19,000 people. While 12,250 came from the conventional public education system, 4,150 came from semi-public and 2,500 came from private institutions. While output in the conventional system is actually down from 2009, other categories are up.