Understanding the Dynamics of Human Capital Development in Pakistan: A Socio Economic Obstacle Frame work

Abstract

Recent growth literature greatly emphasizes the role of human capital in socio economic development of a country. Numerous studies have been conducted to know the factors which play their role in developing and accumulating Human Capital Stock in a country. However there has been a dearth of studies for exploring the obstacles in developing the human capital. Human capital development has become a notable issue in the Pakistan. This study investigates the Socio Economic Obstacles which are hindering Human Capital growth in Pakistan. As a lower middle income country with huge population and talented labour force is lacking a quality pool of Human capital in a modern economic scenario. This paper aims to explore the situation to underpin the socio economic obstacles in converting a competitive workforce in modern era. The study is of exploratory nature and requires substantive empirical augmentation to validate for rigorous justification.

Key words: Human Capital, Economic Growth, Socio Economic Obstacles, Pakistan