Policies and Strategies of the United Arab Emirates in Investing its Capital Human Being to Contribute to its Economic Development
Alkut university college journal,
2022, Volume 2022, Issue 2022, Pages 636-648
Abstract
The study aims to highlight the importance of human capital as an economic resource that is invested to be the main driver of development plans and investment projects that aim to advance the country, through the quality of the labor force that is directly related to economic growth. Therefore, the UAE realized the importance of investing its human capital to contribute to its economic development, so it adopted many policies and strategies, which were first represented by reforming the educational system for the purpose of providing a workforce that keeps pace with scientific development and is skillfully trained to meet the needs of the country’s development goals, and then it worked to localize the private sector because it realized that The survival of the private sector dependent on the hand of the expatriate labor force will lead to an increase in the money that is wasted outside the country instead of being used to expand the process of growth and development. The research showed several results, the most important of which is that investing in human capital through education for individuals raises the level of cognitive and scientific competence that achieves sustainable economic growth that pushes economic development to advanced levels, which has proven its effectiveness in the Emirates, which achieved an economic shift praised by the world, and the researcher recommended taking advantage of the Emirates As a successful model for developing countries and the development of their programs in the field of investment in human capital, if success and development are conditional on building human capacities to enable people to contribute effectively and positively to achieving human development for advancement and achieving economic development- Article View: 30
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