Human Capital is defined as the knowledge acquired throughout life from home, school and on-the-job experience and training. This is also an individual choice, a personal investment. Human Capital is essential in the concept of economic development, economics of education, and more generally, the instrument to frame the debate on policies to be followed in the development of a stable market and of a nation.
HPP wants to emphasize the fact that Human Capital directly related to the educational level of each individual, this in essence is the key to economic growth in Haiti. Human Capital is an essential element to the changes that we want to see happen. The Haitian government must understand that helping the sons and daughters of the country to acquire education and upgrade their skills will increase the productivity and efficiency of enterprises and the national economy. To measure the value of Human Capital in Haiti, we need to examine and compare the level of production at each level of education and its financial impact; in other words, the additional earnings generated each year by the additional investments in education.
In the same school of thought, investment in Human Capital in a country like Haiti can be beneficial not only in economic terms but also in social terms. The social integration of individuals with knowledge and skills is much easier in our modern society. Such a policy can have a positive impact in the long term, paving the way for a more equitable and sustainable economy, thus significantly reducing the rate of crime. In addition, the government must actively promote a stable and progressive environment in order to facilitate the emergence of a vibrant civil, entrepreneurial and creative society.
Investment in Human Capital can liberate individuals by improving their level of knowledge, and income. This investment helps increase their productivity, and enhance their income as well as that of the national economy. The investment in Human Capital as a means to reducing the level of poverty in a developing society can help achieve high rates of economic growth, as was the case in the countries of South East Asia. Developing a method to reduce differences and bridge the technological gap, and promoting growth of the economy through investments in the development of Human Capital is a good strategy and opportunity for our country which is experiencing difficulties in adapting to the technological changes and globalization. The development of Human Capital will help improve the level of access to social goods such as health through the amelioration of education.
HPP would like to highlight those factors that can promote economic growth in Haiti:
Investment in Human Capital can liberate individuals by improving their level of knowledge.It helps increase their productivity, enhance their individual income earning potential, as well as that of the national economy. The development of access to lifelong learning and participation in the work force are factors to be taken into account if we want to preserve social cohesion and ensure consensus on the reforms to be undertaken to support sustainable growth and a certain level of well-being.
- A better quality of health care and the environment, better parental care, crime reduction and social cohesion. Hence the importance of a secure environment that enables our students to complete studies that would enable them to invest their Human Capital for the advancement of their country.
- There is a strong link between Human Capital and social assets. These include norms and values determined by the education and learning systems, while facilitating learning in the family, the community, and the private sector.
Our main objective is to make the diagnosis of the educational system and to determine Haitian Human Capital depending on the level of education. When we talk about education, we must also take into account the intellectual and educational level of our teachers. To increase the potential for inventiveness within Haitian society and economic growth that may result from this capacity for innovation, it is necessary to look at each of the five components of Human Capital: parenting, schooling, vocational/academic trainings and adult education in the workplace.
The family and the workplace are two important learning environments. The care and education provided during early childhood are essential to the growth of individuals' health. This balance could possibly make a positive contribution to the socio-economic life of individuals and communities. By intervening early and pursuing policies that effectively combine work and care in infancy, it would invest in the wellbeing and promote economic efficiency of today and tomorrow.