Education as a factor of human capital formation in Pakistan (1951-1998): Review
2005
Khilji, B.A.,Government Coll. Univ., Faisalabad (Pakistan). Dept. ofEconomics
This paper reviews the relationship of Education Science andTechnology, human capital formation and economics development ofPakistan since 1951 to 1998. It also examines that how in underdeveloping countries like Pakistan education can accelerate theeconomic growth of the country. Demographic variables suggest thatrapid population growth would put more strain on limited nationalresources. This will adversely affect the economic growth andemployment. Expansion policies are needed to provide productiveemployment to the growing labour force and human capital formation isnecessary for the economic development of Pakistan for whicheducation can play an important role. The relationship of education,private and social rate of return on the basis of economic, social addemography determinants has also been explained.
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