REVIEW
OF RELATED LITERATURE
CONCEPT
OF HUMAN CAPITAL DEVELOPMENT
The first global Human Development
Report, published by the United Nation Development Progrmmes (UNDP) in
1990, acknowledge that the concept of human
development could not be regarded as new. The debate as to how far the
development process can meet basic human needs dates back to the days of the
great ancient Greek philosopher, Aristotle (384-322 BC Aristotle cautioned against
seeking income or wealth as an end itself when he noted that, wealth is eventually
not the goods we are seeking, for it is merely useful for the sake of something
else. UNDP, 1999:9). The classical economist, from Adam Smith to John Stuart
Mill, variously expressed the idea that the development process should
eventually bring
about long, healthy and productive human. The ideas of these
great leaders of thought have been put as follows (UNDP, 1994:14).
The concept of development treated
income and its growth as a means, and directed attention towards a real concern
for people in their individuality and collectively, in their commonality and
diversity.
The central concern of development
became the quality of people’s lives, what they were capable of doing and what
they actually did, the discrimination they faced, the struggles they waged and
the expanding choices they enjoyed, and this covered not just economic choice
but choice in every field in which they could extend control over their lives.
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Ogujiuba, K.K. and Adeniyi, A.O. (2003)
Economic growth and Development: Case study of Nigeria