Human capital development in Singapore

Leggett, Chris (2014) Human capital development in Singapore. In: Gunderson, Morley, and Fazio, Francesca, (eds.) Tackling Youth Unemployment. Adapt Labour Studies Book-Series . Cambridge Scholars Publishing, Newcastle upon Tyne, UK, pp. 301-322.

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[Extract] In his "Introduction to the first edition" of Human Capital economist Garry Becker conceptualised his subject as:

[being] concerned with activities that will influence future monetary and psychic income by increasing the resources in people. These activities are called investments in human capital [A]ll these investments improve skills, knowledge or health and therefore raise money or psychic incomes. Becker. 1

The term "human capital" has been used variously by, among others, human resource management (HRM) academics and practitioners, by industry analysts, and by national and international manpower planners, sometimes as a euphemism for labour, sometimes to account for the less tangible benefits from investment in education, training and development and sometimes for the management and development of talent. This paper uses "human capital" and its development as defined by Singapore's Ministry of Manpower (MOM) as investment in its workforce for the purposes of launching a transition of Singapore into a talent capital and training hub for the Asia-Pacific region and retaining its global competitiveness.

Item ID: 32029
Item Type: Book Chapter (Scholarly Work)
ISBN: 978-1-4438-5620-1
Keywords: human capital; Singapore; talent management
Date Deposited: 19 Jun 2014 05:53
FoR Codes: 14 ECONOMICS > 1402 Applied Economics > 140211 Labour Economics @ 60%
16 STUDIES IN HUMAN SOCIETY > 1605 Policy and Administration > 160510 Public Policy @ 40%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9104 Management and Productivity > 910499 Management and Productivity not elsewhere classified @ 50%
93 EDUCATION AND TRAINING > 9305 Education and Training Systems > 930501 Education and Training Systems Policies and Development @ 50%
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