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Clearly, the ratio of Human Capital to Physical Capital increased greatly over the past several decades (when Human Capital is measured as the number of effective units of skilled labor). Human Capital formation has also had important effects on health in such nations as the U.S. (Cutler&Lleras-Muney). David M. Cutler&Adriana Lleras-Muney (2006, July), “Education and Health: Evaluating Theories and Evidence”, NBER Working Paper No. 12352.

Older findings (1999) indicated that age-adjusted mortality rate for high school dropouts age 25-64 was twice as large as those with some college.

Newer findings for the U.S., where human capital has been most studied, indicate that:

  • An additional year of education increased earnings by 10% or $80k in present value over the course of a lifetime.
  • The health implications of investment in human capital are notable.
  • One more year of education led to increased life expectancy by 0.18 years in the U.S. Further,
  • An additional four years of education lowers mortality by 1.8 percentage points; reduces heart disease by 2.16% points and reduces diabetes risk by 1.3% points. The interaction between Human Capital investment and health is therefore clear.

Later in this chapter, we turn to more explicit attention to investment in public health in emerging nations.

Varieties of forms of investments in human k – vocational education

There is richness in experience in Human K formation that is not often recognized. The contribution of Vocational education is an example. Here is an example of what can be done by resourceful people in poor countries for large payoffs for the poor. It is also one good example of effects of foreign aid.

Vietnam: hoa sua vocational training school

The author made annual visits to Vietnam each year over a ten year period from 2004-2014 first to help oversee selection of scholars for a program that places students in PhD programs in science and public health, then as a member of the Board of Trustees of a new University there, Tan Tao, near Ho Chi Minh City.

In 2007, in a restaurant in a hotel in Hanoi, he came across a large group of young men and women being led about by a mentor, explaining food service and hospitality in leading hotels.

These young people turned out to be students from Hoa Sua School— orphans and street children and hearing-impaired young adults ready to place their skills on the job market.

Hou Sua was founded in 1994 by six retired Vietnamese woman who set up a cooking school to transfer their skills. Within a few months they realized that orphaned and troubled youth in Hanoi had zero opportunity for school of any kind , not even vocational training. Scratching together funds, they opened a restaurant featuring Vietnamese and European cooking; a bakery, etc. Earnings from the restaurant financed the school.

Their fruitful work was noticed in 2000 by the French Government. The French Ministry of Foreign Affairs funded new buildings for the school at a new site. Then the school was linked to the Versailles Chamber of Commerce in France, enabling them to offer coveted diplomas called “Certificat d’Aptitude Professionalle.”

Questions & Answers

what does nano mean?
Anassong Reply
nano basically means 10^(-9). nanometer is a unit to measure length.
Bharti
do you think it's worthwhile in the long term to study the effects and possibilities of nanotechnology on viral treatment?
Damian Reply
absolutely yes
Daniel
how to know photocatalytic properties of tio2 nanoparticles...what to do now
Akash Reply
it is a goid question and i want to know the answer as well
Maciej
characteristics of micro business
Abigail
for teaching engĺish at school how nano technology help us
Anassong
Do somebody tell me a best nano engineering book for beginners?
s. Reply
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
s.
fullerene is a bucky ball aka Carbon 60 molecule. It was name by the architect Fuller. He design the geodesic dome. it resembles a soccer ball.
Tarell
what is the actual application of fullerenes nowadays?
Damian
That is a great question Damian. best way to answer that question is to Google it. there are hundreds of applications for buck minister fullerenes, from medical to aerospace. you can also find plenty of research papers that will give you great detail on the potential applications of fullerenes.
Tarell
what is the Synthesis, properties,and applications of carbon nano chemistry
Abhijith Reply
Mostly, they use nano carbon for electronics and for materials to be strengthened.
Virgil
is Bucky paper clear?
CYNTHIA
so some one know about replacing silicon atom with phosphorous in semiconductors device?
s. Reply
Yeah, it is a pain to say the least. You basically have to heat the substarte up to around 1000 degrees celcius then pass phosphene gas over top of it, which is explosive and toxic by the way, under very low pressure.
Harper
Do you know which machine is used to that process?
s.
how to fabricate graphene ink ?
SUYASH Reply
for screen printed electrodes ?
SUYASH
What is lattice structure?
s. Reply
of graphene you mean?
Ebrahim
or in general
Ebrahim
in general
s.
Graphene has a hexagonal structure
tahir
On having this app for quite a bit time, Haven't realised there's a chat room in it.
Cied
what is biological synthesis of nanoparticles
Sanket Reply
what's the easiest and fastest way to the synthesize AgNP?
Damian Reply
China
Cied
types of nano material
abeetha Reply
I start with an easy one. carbon nanotubes woven into a long filament like a string
Porter
many many of nanotubes
Porter
what is the k.e before it land
Yasmin
what is the function of carbon nanotubes?
Cesar
I'm interested in nanotube
Uday
what is nanomaterials​ and their applications of sensors.
Ramkumar Reply
what is nano technology
Sravani Reply
what is system testing?
AMJAD
preparation of nanomaterial
Victor Reply
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
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Source:  OpenStax, Economic development for the 21st century. OpenStax CNX. Jun 05, 2015 Download for free at http://legacy.cnx.org/content/col11747/1.12
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