What is global human capital?

Global human capital is a combination of education, experience, personal attributes and competencies that are represented in labor around the world that contribute to worldwide economies. The idea of ​​workers as an important assets that have a measurable economic value leads development policies used by international organizations in less developed countries. Most international law revolves around the rights of workers and recognition of the importance of creating a high -quality human capital for the country's health and stability. Although it seems difficult to measure, economists have found that the elusive concept of global formation of human capital is in fact a function of developing easier measured factors. The relevant index that the detmir of human capital formation is the human development index (HDI), which includes life expectancy, education and average individual income.

Given itIt is that the world becomes a smaller place and corporations are able to use labor in developing countries with a lower standard of living, the concept of global human capital is becoming increasingly important. Most of the philosophy, which forms international labor law, revolves around the rights of workers to grow and improve their lives, increase their skills, and to benefit from the use of their talents properly. International law strives to prevent the establishment of a permanent subclass, where workers in one country receive shelter to support the extravagant lifestyle of people in other countries. They also seek to prevent permanent discrepancies of human development, where some countries can afford inv. In the education and health of their workforce, while such investments are beyond the abilities of other countries.

In principle, the concept of global human capital attempts to give quantitative value to the workforce in different countries to compare and evaluate them against each other. This information is also collected to determine the Globá measureLower changes and whether our civilization progresses or remains stagnant. The creation of human capital in one country can be carried out by investing in education, health care system or strengthening the structure of civil and family life. Many international NGOs make their mission to educate and train people, so the opportunities people have to work increase. This can happen because people have more advanced competences or greater ability to do things that create economic value.