Title: Best practices in investment for development
Description: Improving the national skill set is an important policy objective for both developed and developing countries. The level of skills in the local population-- a nation's human capital-- is a key determinant of economic development and growth. At the same time, globalization has made human capital and skills development even more important. The reduction in trade barriers and the surge in international trade and foreign direct investment (FDI) by transnational corporations (TNCs) have resulted in the need for workers and businesses to be competitive on a global scale. This publication discusses how government policies are instrumental in initiating and fostering the upward sloping FDI and skills circle.
Subjects: Human capital, Government policy, Skilled labor, Foreign Investments
Places: Canada, Singapore