scholarly journals Malaysian as the Component of Labour Force for Construction Industry in Malaysia

2019 ◽  
Vol 266 ◽  
pp. 01007
Author(s):  
Iskandar Zulkarnain Mohd Najib ◽  
Rumaizah Mohd Nordin ◽  
Ezlina Mohd Ahnuar ◽  
Khalida Mohd Sukor
Keyword(s):  
Human Capital ◽  
Construction Industry ◽  
Labour Force ◽  
Foreign Workers ◽  
Construction Sector ◽  
Review Of Literature ◽  
Human Capital Development ◽  
Job Opportunities ◽  
Local Labour ◽  
Capital Development

The construction sector plays a significant role in the economy in order to achieve the inspiration to be a developed nation in 2020. In the effort to increase the efficiency of the sector, Construction Industry Development Board (CIDB) had pledged to continue investing in human capital development in the construction industry as one of its initiatives under Productivity Thrust in Construction Industry Transformation Programme (CITP). However, currently, the construction industry of Malaysia is depressed by the low-wage and low productivity trap due to substantial reliance on low-skilled foreign workers. The number of local workers are not only low but are decreasing drastically due to out-migration towards better job opportunities in other sectors. Therefore, this research aims to establish a conceptual framework for Malaysians as the component of the labour force in the construction industry in Malaysia through identifying the landscape of participation of local labour, investigating factors hindering participation of local labour and propose initiatives to increase the numbers of participation of local labour. This paper presents a review of literature from journals, conference proceedings, and books. Based on the review, a framework consisting of four (4) components (i.e., Government Agenda, Local Labour in Malaysian Construction Industry, strategies to improve participation, and expected key outcomes of CITP for Productivity) is proposed. These findings will assist the extended investigation in the identification of ways to improve the participation of local labour for the Construction Industry in Malaysia.

scholarly journals Human Capital Development and Economic Growth Nexus in Zimbabwe

2019 ◽  
Vol 23 ◽  
Author(s):  
Sanderson Abel ◽  
Nyasha Mhaka ◽  
Pierre Le Roux
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Positive Impact ◽  
Labour Force ◽  
Government Expenditure ◽  
Human Capital Development ◽  
Long Run ◽  
Short Run ◽  
Capital Development ◽  
The Relationship

This study empirically examined the relationship between human capital development and economic growth in Zimbabwe for the period 1980 to 2015, using time series analysis techniques of co-integration, error correction model, and Granger causality tests. The study was motivated by changes which have characterised the financing of human capital since the country attained independence. A decade after independence, the government was able to adequately finance the social sectors; however, thereafter government financing has been declining since the adoption of the structural adjustment programme. The findings of this study indicate the existence of a short-run and long-run relationship between human capital development and economic growth in Zimbabwe. On the direction and significance of the relationship, the result is mixed. Human capital development, proxied by government expenditure on health, had a significant positive impact on economic growth—both in the short run and the long run—reaffirming that a healthy labour force will be more productive and efficient. Human capital development, proxied by government expenditure on education, was found to negatively impact economic growth in the long run. In conclusion, a positive relationship between human capital development and economic growth in Zimbabwe was found, although the relationship is weak.

VALUE-SEMANTIC ECONOMY

ASJ. ◽  
2020 ◽  
Vol 1 (40) ◽  
pp. 53-57
Author(s):  
A.V. Kurbatov A.V., ◽  
L.A. Kurbatova
Keyword(s):  
Human Capital ◽  
High Efficiency ◽  
Human Capital Development ◽  
Capital Theory ◽  
The Sustainable Development ◽  
External Resources ◽  
Internal Resources ◽  
Value Determination ◽  
High Dynamics ◽  
Capital Development

The continuing build-up in the speed of deepening of the global economic crisis, driven by just as fast drop in quantity of the external resources calculated per inhabitant of our planet, forces us to refer to internal resources in order to prevent the irreversible losses, to overcome the crisis and ensure the sustainable development. Beginning from the second half of the 20-th century, the hopes for efficient deployment of internal resources have been laid on the development of the human-capital theory. However, despite the intensive change in perception of the very concept of "human capital" and a wide scope of innovative models of its practical application, aimed at bringing the economy out of stagnation, the desired outcome is not achieved. The trend of transferring of the bulk of investments to human capital, at the expense of the share of investments spent on increased production, has proved insufficient. The analysis of causes of ultra-high risks of investments in increase of human capital has helped to determine that the models, which are used currently, do not take into account some of the fundamental patterns, which ensure the high efficiency of investment in human capital. Most of the models are based on application of the methods of situational governance, which, at best, have a short-term positive effect. This trend results from the insufficient awareness of managers of the fundamental patterns of human capital development, which deprives the investors of the possibility to benefit from the optimal combination of the situational governance with relevant long-term programs, which can steadily increase human capital. The researches of the fundamental patterns of human capital development have shown, that the main factor for achieving the high efficiency of investment in human capital is the correct organization of the processes of value determination of the subjects of economic activity and the transition from the value determination to value-semantic determination, thus ensuring guaranteed attainment of goals along with high dynamics of resources. The work presented here is dedicated to the method of managing the quality of human capital, which is hereafter referred to as value-semantic economy.

DEMOCRATIZATION OF THE SOCIAL ENVIRONMENT OF HIGHER EDUCATION INSTITUTION AS A PREREQUISITE FOR THE INDIVIDUALS’ DEVELOPMENT POTENTIAL OF THE SUBJECTS OF ITS ACTION

2020 ◽  
pp. 7-24
Author(s):  
Volodymyr Ryabchenko
Keyword(s):  
Higher Education ◽  
Human Capital ◽  
Social Environment ◽  
Higher Education Institutions ◽  
Social Systems ◽  
Education Institution ◽  
Human Capital Development ◽  
The Social ◽  
Conceptual Problems ◽  
Capital Development

There are following prerequisites outlined in this article: worldwide democratization trend; complexity of structures of social systems; growing needs in human capital development; autonomy of national higher education institutions; civilizational problem of Ukraine in national elite. Conceptual problems on a road to real democracy in higher education institutions were actualized and analyzed. Determined and characterized three models of higher education institutions activities based on the level of democratization needs of their social environment as: negative, neutral and favorable.

INCOME AS A SOURCE OF HUMAN CAPITAL DEVELOPMENT IN RURAL AREAS

2020 ◽  
Vol 2 (10) ◽  
pp. 58-63
Author(s):  
O. N. KUSAKINA ◽  
◽  
S. V. SOKOLOV ◽  
Keyword(s):  
Human Capital ◽  
Rural Areas ◽  
Economic Conditions ◽  
Place Of Residence ◽  
Human Capital Development ◽  
Urban Households ◽  
Average Structure ◽  
Rural And Urban ◽  
Consumer Expenditures ◽  
Capital Development

The article is devoted to research of dynamics of disposable resources of rural and urban households; components of disposable resources of households depending on the place of residence (per household member on average); structure of consumer expenditures of rural households based on official statistics for 2018–2020. The presented findings may serve as a basis for justifying the trends in social and economic conditions necessary for the growth of human capital in rural areas.

HUMAN CAPITAL DEVELOPMENT IN A DIGITAL ECONOMY

2020 ◽  
Vol 1 (80) ◽  
pp. 85-93 ◽  
Author(s):  
D.Y. Ivanov ◽  
◽  
E.Y. Suslov ◽  
K.V. Evdokimov ◽  
V.I. Samorukov ◽  
...  
Keyword(s):  
Human Capital ◽  
Digital Economy ◽  
Human Capital Development ◽  
Capital Development
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