A Japanese academician has urged government in developing countries to increase investment in human capital because this helps to improve their economies and benefit their citizens.
Professor Neantro Saaveda-Rivano of the University of Tsukuba in Japan said human capital is the most important component of the wealth creation in many nations.
Professor Rivano pointed out that investing in human capital was an essential element of development policies everywhere in the world.
He said this in Lusaka today during a lecture presentation on development and financing of human capital at Taj Pamodzi Hotel.
Professor Saaveda explained that investment in human capital early was significantly cost effective than at later stage in economic development.
He added that developed nations in the world have used human capital for their economic, social, culture and political development.
And Ministry of Information and Broadcasting services Permanent Secretary Ngosa Chisupa said time has come for African countries to invest in human intelligence to enhance economic development.
Mr. Chisupa said although African counties have been globally recognized for their wealth in mineral resources, they have lagged behind in development because of lack of investment in human capital.
ZANIS