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Emerging countries experience structural transformational changes which affect the transformation of human capital. As a country develops, human capital is subject to a perpetual transformation. However, the contribution of different types of human capital towards economic growth and economic development will depend on the different economic phases. Hence, appropriate educational policies are therefore required to contribute towards cycles of innovative economic development; without such cycles of innovative development a country may experience stagnation. As human capital feeds into technological change it can act as a linchpin of economic growth and development.
KeywordsHuman Capital Technological Change Vocational Education Gini Coefficient Physical Capital
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