Human development and the role of government
Human development and the role of government

Summary/Abstract: Human development approach is a widely accepted all over world. The analysis in this paper is focused on the theoretical explanation of the role of the government in supporting the human development process. It is especially important to understand the areas where the Government has the key role for human development: the investment in the human capital through education, research and innovation, entrepreneurship, nutrition and health, etc. Although it is very difficult to measure the overall social usefulness and benefits of the human capital, it is generally accepted that the stock of human capital arising from investment in education create positive externalities of the economy. Government has important role in the creation and management of the human capital through the education system, healthcare system, also solving and dealing with the problems of brain drain and interception of the challenges of the modern living through entrepreneurship and R&D activities.

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