Development Assistance Projects for Developing Human Capital
Several Asian countries work in partnership with international development agencies to develop human capital for their national development. Human capital theory emphasizes the importance of education and training to improve the workforce skills and productivity of workers participating in the changing global knowledge economy and 21st-century capitalism. Accordingly, a relevant place to start is with an analysis of relevant human capital theories, followed by a presentation of the different aid modalities and projects of education and training (from higher education projects to other human capital development projects) practiced by the Asian national governments in cooperation with their international development counterparts. Finally, key are the implications of future formulations and implementation of development assistance projects for developing human capital in the developing world.