Improvement of the Human Capital in Canada - Research Paper Example
Comprehensive development includes increasing the knowledge and skill of employees within the workforce. While the initial benefits occur in the industry, the individuals achieve surmountable development through increased knowledge.
Highly qualified human capital could contribute immensely to the economic development of different countries. The productivity of any industry depends heavily on the available skills utilized in the manufacturing of products. The human capital can determine the quality of products produced within a country, owing to the skills possessed by the people (Crook et al, 2011). Development of quality production, therefore, would include initial development of human capital at early stages. A proper development program would essentially provide policies seeking to initiate human capital development in schools while offering support to the individuals within the program. Improving human capital through education remains the most popular method of approaching the development paradigm in human capital.
The selection of this policy from the broad policy area of income, inequality, and poverty, follows a consideration of the aspects involved in the other policy choices. Within the broad area are three policy categories, seeking to elevate the Canadian citizens from excessive levels of poverty. The broad category involves three elements; income, inequality and poverty. The selection would involve a policy that would sufficiently address the challenges involved in the three categories identified (Riddell, 2007). While the other policy choices involve the implementation of multiple policies in achieving target objectives, this policy choice remains simplified in terms of the implementation process. The enriching of anti-poverty programs would involve numerous programs across the country, which could potentially raise the costs of implementing the policy.
The other policy categories remain broad and lack specificity in terms of beginning points and target groups for the policy. The selected policy offers a clear definition of the intended population and implementation stage.
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