Luna Community College Human Capital Development Discussion

Luna Community College

Question Description

I don’t understand this Social Science question and need help to study.

In this hierarchical forum, I will pose two questions. The students had to answer every question I asked them. In addition to answering my questions, each student must give at least three answers to the other students.

Task: there are two questions below and three replies for each question. You are asked to comment briefly on the six responses and state your views. (whether you agree or disagree, and why)

Reply no more than 500 words

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My first question is below: In the Regmi article we are confronted by two very different conceptual models that aim to understand the noble pursuit of education and learning in a globalized world. I would like for you to discuss two important things you learned or took from the Human Capital Model. Explain to me and the other students why these things were most important to you. Explain also how these things impact the way you think about lifelong learning now. Reply 1 1. I would like for you to discuss two important things you learned or took from the Human Capital Model. The first most important lesson from the Human Capital Model is the fact that an increase in human capital in terms of acquired knowledge and skills has a direct correlation with economic growth and profitability (Regmi, 2015). This is in accordance with the human capital theory, which emphasizes on the need to have skilled and experienced individuals in a team to attain goals and objectives. Considering the fact that only skilled and experienced employees will drive a company or organization to success, it follows that increasing the skills and experience of employees over time will help in having the most efficient and versatile employees (Regmi, 2015). Such employees will be capable of giving more output, more innovative ideas, as well as serving customers better, elements that spur the growth and development of a company. Another important thing from the Human Capital Model is the fact that competition and privatization are key in achieving better results and productivity (Regmi, 2015). The model puts forward that knowledge and skills are private entities for a company or individual, entities that give the person or company competitive advantage over others. The difference in the level of knowledge and skills between companies and individuals is the cause of competition since every individual or company is after success, which can be attained through exceptional display of skills and knowledge in an area. As such, companies and individuals need to improve their skills and knowledge, which is privatized for internal consumption and use. Such privatization can be seen across the globe in terms of company secrets and copyright information, which seeks to ensure that company knowledge and innovation remains a private entity and not for public use. This privatization gives companies competitive advantage, a key element for success in the corporate sector (Regmi, 2015). 2. Explain to me and the other students why these things were most important to you. Explain also how these things impact the way you think about lifelong learning now. The concept of the human capital theory is very important because organizations and companies can only function if they have human capital. Similarly important is the fact that in order to improve the productivity of the human capital, there is need to equip them with skills and knowledge that is relevant to their roles and responsibilities in the company (Regmi, 2015). Considering that human skills and knowledge can be upgraded, it then follows that upgrading these things will equip the employees to deliver more, become more innovative, as well as become creative. This argument grounds the stance taken by the authors as being invaluable in the pursuit of economic prosperity, development, and growth. This new understanding on how lifelong learning affects productivity has challenged me consider it as a core objective of the human resource department for any company or organization that is seeking growth, better productivity, and innovation. This revelation has helped me to understand that the economic input in equipping employees with skills and knowledge is never a loss for a company provided the learning is done with proper management and controls to achieve the targets and goals. The concepts of privatization and competition are important in understanding human capital development since every individual has their specific knowledge and skills, which puts them on the spotlight whenever their skills or knowledge is needed (Regmi, 2015). As such, having exceptional skills and knowledge guarantees one that they are valuable individuals in an organization and thus have capability to propel the company or organization towards success. Having such exceptional skills and knowledge will thus make them competitive and on the spotlight whenever the company is categorizing the best employees. Overall, privatization is essential in the human capital development since every department and position is unique and requires special skills and knowledge. The special skills and knowledge helps an individual or a department to attain competitive advantage over competitors. Reply 2 The human capital model of lifelong learning The human capital model is based on three assumptions: competitiveness, privatization and the formation of human capital. However to decipher the importance of these days, it must be understood that certain nations have had a power over so many others in terms of the competitiveness of education by contribution to others, this to allow Westerners to be able to interfere in capital management. Today, education is a purely economic concept where only those English-speaking nations influence other nations. Third world nations and developing countries believe that English-speaking states provide adequate and quality education or learning. the importance of the privatization of apprenticeship was a means to establish a particularity of education and to grant it only to a social class or to specific nations. Here the importance of privatization in this model of human capital of lifelong learning is only of a financial order because the strongest nations are powerful and gain markets on the world scale. The importance of the humanist model of lifelong learning is firstly its basis, which is legal. Here, we note that several provisions in the OHADA law of 1948 that emphasize the importance of education for everyone. this is not inanimate on world education. values and cultures are here considered and brought to light in order to promote understanding, tolerance and friendship between nations and all racial or religious groups. The importance of social capital is firstly a capital which is linked to man. Nowadays, the humanist model of lifelong learning is applicable but however we notice that some nations are no longer found through this model, because globalization to be effective through this model destroys or exposes the cultures and values that are prioritized in the States concerned with their values and cultures and thus these nations find themselves blocked to benefit from this second model of learning. I think it is time to take seriously what education is worth for the development of a nation in competition with other nations on learning or education on a world scale. if I had to choose, my choice will be on the human capital model of lifelong learning because this model so much to criticize has allowed the globalization of education and it is the type of educational system or learning we are in today. education has taken on a commercial meaning, English has become the international language of education, Western countries offer quality education at a cost and have succeeded in convincing the world to have appreciable and appreciated learning. world scale Reply 3 The importance of Human Capital in a competitive world through the competitiveness of education stood out to me. Education is now the key to eliminating gender inequality, reducing poverty, to creating a sustainable planet, and to preventing needless deaths and illness. In a knowledge economy, education is the new currency in which nations maintain economic competitiveness and global wealth. Education is inseparable from the development of human capital. However, education creates a broader gap between center and peripheral nations. As center nations stay ahead in education (knowledge), peripheral nations will continue to stagger behind even with educational development. Another factor to consider is the Information Communication Technologies that leverages the learning process. I have witnessed both sides of technology that enhance and prevents learning for current societies and people. For example, I have witnessed children that are in poor communities understand the use of computers better than their parents. There seems to be a disconnect between generational connection to technology where older populations have trouble understanding technology such as computers compared to younger generations. However, technology such as computers can provide learning resources across all generations with adequate instructions on learning how to utilize a computer. I believe the competitiveness of education and the importance of Information Communication Technologies are essential to me because they go hand in hand. Globally society has entered the technological era of globalization and to stay competitive in the market place, education (knowledge) is the key to success within this era, and new eras to come. The way these two impacts the way I think about lifelong learning is that it provides me with a better opportunity to improve my quality of life through understanding the world around me and the ability to connect with the world primarily through technology. My second question is below: From the Oztunc, Oo and Serin article, we are left facing a rather important fact. Women in the developing world matter and collectively can play a tremendous role in advancing long-term economic development. The authors do a good job of identifying development factors/measures associated with human capital development among women. Using your own sociological imaginations and the knowledge you are armed with from previous readings and discussions, how should developing countries approach the relationship between gender, human capital development and economic development? Reply 1 From a growth perspective, there is an investment in gender equality, such as education and employment. Increasing women’s voices and bargaining power within the family can contribute to other areas of the productive potential of human resources within an economy. On the other hand, policies may have to be tailored to specific contexts. For example, the priority may be to promote women’s access to literacy and primary education in poorer countries but to offer more a diversified range of educational options, including higher education but also vocational training and skills development. Promoting microfinance for women may be appropriate as a means of helping women to start up their own enterprises. Still, access to a broader range of financial services may become necessary if these enterprises are to become profitable. Another implementation is measures to offset the discriminatory effects of specific aspects of orthodox macro-economic policy (such as instituting controls on the mobility of capital, making available low interest investment loans) or by measures explicitly aimed at addressing gender discrimination, such as affirmative action legislation, promoting women’s access to education and training and so on. From a gender equity perspective, therefore, and from the perspective of longer-term, sustainable development, current models of economic growth would either have to be re-thought or supplemented with gender-sensitive redistributive policies. Stronger enforcement of equal pay and equal opportunity legislation will reduce discriminatory pay and employment practices that contribute to the gendered impacts of macro policy reforms. These policies can help women translate more exceptional education and labor market participation in fair wages and jobs that utilize women’s skills and establish good working conditions. Reply 2 In many African societies, especially those in poor and struggling developing countries, the perception of the involvement of a nation's capital in the economic growth of a nation's economy has been dispelled. In Congo, this type of impact of women in the workforce is growing, although it was not the case 10 years ago. Education is an aspect in the Congo that is currently being highlighted by the government and it is no longer a question of male or female gender but rather a question of prioritizing the future workforce so that all women who are sent to receive an education are not guaranteed to get a job to support themselves because there is not a close relationship between studies (education) and professional life simply because the unemployment rate is growing and thus causing hardship, the idea of seeing several women impose themselves in society and thus have an impact on the development of the economic capital of a nation, especially in the Congo. In short, if there is to be effective participation of women in the workforce, the government must first create more jobs and women must be educated in programs that have only been exploited by men for many centuries. These programs include architecture, oil and gas, and even higher education. There will always be an imbalance in women's remuneration simply because some poor countries consider that women are called upon to stay at home and not to work, justified by cultural norms and mores, or simply because the male workforce is stronger and more demanding because most of the jobs available to the population are of the handling type, and this is an obstacle for women. This low participation of women does not in any case help to consider the impact of women in the growth of the economic capital of third world countries or even the Congo. Developing countries must firstly multiply job opportunities by specifying the type of agents required, secondly invest in the education of women in sectors long avoided by women in order to include them in the development of the future economy, thirdly reduce the importance that some countries give to culture and tradition because these two points are and have always been obstacles to women's education and its impact on the growth of a nation's economic capital. Reply 3 Women's education has a very significant role to play in the long term economic growth, especially in the Asian Pacific Region. In this region, individuals have been living in extreme poverty despite the high literacy rates and high enrollment in primary schools (Oztunc, Oo, & Serin, 2015). However, the lack of gender equality in education makes it hard for women to participate well in labor. This essay will analyze the effects of educating women in growing the economy. There exists a considerable education gap between men and women in the Asian Pacific region, especially in high school and secondary levels. Girls have dominated nursing, nutrition, and teacher training, and boys get engaged in law, engineering, and agriculture as well as technology courses (Oztunc, Oo, & Serin, 2015). On the other hand, poverty in the region can be analyzed through some factors such as the distribution of assets, per capita income, and quality of government policies, revenue as well as education among the citizens (Oztunc, Oo, & Serin, 2015). Aspects of human development have a significant role to play in the determination of poverty among individuals. Educating the girl child and bridging the education gap between men and women will, therefore, be very significant in reducing the poverty levels among individuals in the region. The realization of gender equality in education will facilitate the inclusion of girls in courses that are believed to be dominated by their male counterparts. The addition of girls in these education programs will ensure that the different aspects of human development will be made better (Oztunc, Oo, & Serin, 2015). The per capita income will increase and become well distributed among citizens in this region despite their gender, therefore, stimulating economic growth and poverty reduction. Women empowerment and the concepts of gender equality through education play a very significant role in bringing about a strong economy. Women's rights and their decision-making power, especially at the family level, improve their productivity, and poverty is reduced significantly (Oztunc, Oo, & Serin, 2015). Women's education, therefore, affects economic growth in all societies, especially in developing countries. Women are supposed to provide equal opportunities for learning for them to contribute to the national economic growth programs. The inclusion of women in the available job opportunities after acquiring the necessary education will reduce the burden faced by men in providing for their families (Oztunc, Oo, & Serin, 2015). Through the provision of the necessary learning opportunities for women and girls will make them earn and become engaged in the essential economic growth programs that will translate to reduced poverty levels. According to human capital, theory education provides higher skills for workers, and this has increased the worker's productivity. The rate of return on education is more than any other investment. As a result, women education will make sure that the educated women will take part fully in the national building initiatives, therefore, reducing the poverty levels and increasing the economic growth of a country or a region (Oztunc, Oo, & Serin, 2015). Women's education has a direct impact on the lives of their children. It is therefore clear that when women are provided with the necessary training and skills, healthy families will be brought up, and the economy will grow significantly in the long run. In conclusion, women's education plays a very significant role in facilitating economic growth and poverty reduction. The inclusion of girls in the necessary education programs will ensure that they have the skills required to address different aspects of human development. The per capita income will increase and become well distributed among citizens in the affected region despite their gender, therefore, stimulating economic growth and poverty reduction. ...
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Final Answer



Human Capital Development Responses
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Question One
Reply 1
Human capital is indeed directly proportional to economic productivity and economic
growth. As is evident in contemporary society, human labor is a commodity. Therefore, the level
of education acts as the quality mark for the commodity as portrayed by the level of skill and
experience of an employee that translates to his/her value. Consequently, competition and
privatization is essential to a company’s productivity and success (Regmi, 2015). The privatization
of knowledge and skills by companies is the reason for contracts and employee-employer
agreements. Also, privatization of knowledge and skills by companies is the source of their
competitive advantage since it enables them to stay ahead of their competitors.
Reply 2
The variation in education systems is one of the causes of the difference in the econom...

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