Human Capital in the 21st Century

10.1596/24314 ◽  
2014 ◽  
Author(s):  
Jim Yong Kim
Keyword(s):  
Human Capital ◽  
21St Century

Enhancing Student Productivity Using a Creativity Tutorial

2011 ◽  
pp. 915-923
Author(s):  
Monty McNair ◽  
Caroline Howard ◽  
Paul Watkins ◽  
Indira Guzman
Keyword(s):  
United States ◽  
Twentieth Century ◽  
Human Capital ◽  
21St Century ◽  
The United States ◽  
Harvard Business Review ◽  
Review Article ◽  
Central Axis ◽  
Creative Talent ◽  
Society Today

Survival in the 21st century marketplace often depends on the creativity of organizational employees (Beckett, 1992; Hermann, 1993; Johnson, 1992; Kanter, 1982). Many historians attribute the emergence of the United States (US) as a twentieth century superpower to the creativity of its population (Florida, 2005; Ehrlich, 2007). They warn that the United States may be losing its dominance due to declines in the ability to attract and sustain human capital including the creative talent critical for innovation (Florida, 2004; Florida, 2005; Ehrlich, 2007). In his Harvard Business Review article, America’s Looming Creativity Crisis, Richard Florida of Carnegie Mellon describes the importance of creativity to the wealth of a society: “Today, the terms of competition revolve around a central axis: a nation’s ability to mobilize, attract and retain human creative talent.“ In other words, nations and their citizens depend on the creativity of their residents to ensure their economic prosperity.

scholarly journals Human Capital for Quality Infrastructure Development in South Africa: A Project-Based Pedagogical Analysis

2013 ◽  
Vol 4 (6) ◽  
pp. 278-285
Author(s):  
Bongani Reginald Qwabe
Keyword(s):  
South Africa ◽  
Human Capital ◽  
Project Management ◽  
21St Century ◽  
Knowledge Creation ◽  
Labour Force ◽  
Cognitive Capacity ◽  
Infrastructure Development ◽  
Public Managers ◽  
Quality Infrastructure

“Traditional/skills-based teaching doesn’t meet the demands of our 21 st century” -Garelick, 2012. The widespread effects of globalisation and new technologies demand rethinking of knowledge creation and labour force preparedness for 21st century development. The rise of a knowledge-based economy and information society requires public managers with human capital sufficient to fulfil developmental challenges. The demand for quality infrastructure in South Africa exceeds existing proficiency of human capital. The 21st century and South Africa’s post 1994 challenges including infrastructure development demand a new generation of public managers and administrators equipped with acuity and negotiation outlooks, communication and problem-solving skills, research and analytical abilities, and cognitive capacity enabling them to promote, influence, and monitor project development and management in a substantially globalized world. From a pedagogical standpoint, while knowledge creation and innovative teaching strategies are arguably drivers of a labour force that meet challenge of development, the authors of this conceptual analytical article contend that traditional approaches of teaching project management in South African higher education institutions (HEIs) fail to adequately prepare students to manage ‘real-world projects’ that foster growth and development. Rather, projectbased learning (PjBL) offers a strategic way forward to fill project management skills gap and project management knowledge deficit in the public sector, which should be subject to the recommended research agenda.

scholarly journals The Earnings Disadvantage of 21st Century Immigrants in the United States

2018 ◽  
Vol 64 (1) ◽  
pp. 31-44
Author(s):  
Fahad Gill ◽  
Waseem Ahmad
Keyword(s):  
United States ◽  
Human Capital ◽  
Language Proficiency ◽  
21St Century ◽  
English Language ◽  
Decomposition Analysis ◽  
The United States ◽  
Highly Educated ◽  
English Speaking ◽  
Low Levels

This article provides a comprehensive analysis of the earnings disadvantage of 21st century immigrants in the United States. The study is the first to decompose the earnings disadvantage faced by recent immigrants to present the channels through which immigrants lag behind their native counterparts. The decomposition of the earnings disadvantage reveals that the time spent in the United States is the key determinant of the earnings disadvantage. Other important sources of the earnings disadvantage of immigrants are the levels of English-language proficiency and educational attainment. The decomposition analysis also suggests that low levels of human capital cause an even larger disadvantage for immigrants in the years following the 2008-2009 recession as compared with the corresponding relative returns of the prerecession period. The decomposition analysis and trends in returns to human capital variables highlight the merits of a selective immigration system that favors young, English-speaking, and highly educated individuals. JEL Classifications: J1, J3, J6

Changing Capabilities and Capacities

2011 ◽  
pp. 10-19
Author(s):  
Benn Konsynski
Keyword(s):  
Human Capital ◽  
21St Century ◽  
Service Innovation ◽  
Capital Management ◽  
Human Capital Management ◽  
Strategic Objectives ◽  
Practice Improvement ◽  
Talent Pool

Increasingly, the management of human capital management emerges as a key differentiator in the competitive marketplace. The talent pool and inventory of capabilities is a critical source of competitive differentiation, and also a key to accomplishing many of the strategic objectives essential for success of the competitive enterprise in the 21st century. Product and service innovation and process and practice improvement are essential in the modern market.

scholarly journals Redefining the Principles in Fitness for Purpose and Value for Money in 21st Century Engineering Education

2020 ◽  
Vol 9 (12) ◽  
pp. 89-96
Keyword(s):  
Human Capital ◽  
Engineering Education ◽  
21St Century ◽  
Education And Training ◽  
Fitness For Purpose ◽  
Value For Money ◽  
Curriculum Revision ◽  
High Skill ◽  
And Training

In the 21st century, redefinition of engineering education (EE) with its principles to fit the purpose and value for money has received a lot of attention globally. With increased demand for scholarly engineers worldwide, African universities are still faced major problem such as dearth of productive engineers with high skill potentials. This may be attributed to shortage of engineering educators, poor funding, and outdated curriculum,; hence the crux of this paper. This paper was guided by Becker’s theory of Human Capital, focusing on investing in human capital through education and training, which will contribute immensely in producing engineers with valuable skills. This paper takes a broad look at the redefinition of principles that fits the purpose and value for money in EE. The specific objectives examine the fitness for purpose and value for money and fostering the quality of EE that will enhance EE, as well as its implications for EE in the 21st century in Africa. Thus to address this gaps, recommendations on total reengineering of EE in areas such as curriculum revision, equipping educators and students with knowledge abilities and skills were suggested.

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