Why Governments Should Invest in Human Capabilities

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Any country without its people is merely a piece of land. The fact is that countries are made of people. Therefore, it makes sense to make those people capable enough to be productive. A major problem most countries face is that their citizens are not competent enough to take their country towards prosperity. They need assistance from foreigners, and that is just not in the interest of any country. Therefore, governments should figure out ways to equip the citizens with the tools necessary to be sufficiently productive.

A solution to this problem is that governments should start investing in human capabilities. This means that they should train and educate their people in such a way that they develop various skills. Through such investment, people will be able to stand on their own feet and improve their quality of life. If people’s lives improve, it is beneficial for the whole nation. Sure, this is not an easy task. However, investment in human capabilities opens up many gates to prosperity. If people are adequately educated and equipped with various skills, they can support themselves. Therefore, governments like the Saudi government have started programs like Saudi Arabia Vision that invest in human capability.

Here are some steps governments can take to invest in human capability:

Encourage Perseverance and Dedication

Many can learn various skills and get educated; however, they lack perseverance and dedication. Therefore, governments should take it upon themselves to encourage such values in their people. Governments can encourage people to spend their time and energy learning different skills by nurturing these qualities in people. This way, people can start to do better in almost all spheres of life.

Encourage Innovation and Entrepreneurship

Countries can really prosper if there is a surge of entrepreneurs in it. If people start establishing their own businesses, it can open up various job opportunities for people. Moreover, when people have their own business, they have a lot more control over their work. Hence, they are more comfortable. Unfortunately, people lack the courage and will to start their own businesses. However, with the assistance of their governments, people can take the leap. 

Governments like the Saudi government try to encourage entrepreneurship and even invite people to visit Saudi Arabia and see for themselves.

Improve Educational Institutions

To make people more capable in their country, governments should invest in educational institutions. This way, people will be able to get a quality education, which will, no doubt, assist them in being skilled and productive. Thus, they will become valuable citizens who can be beneficial to their country.

Conclusion

Investing in human capabilities can benefit countries in the long run. This is because capable people will nurture capable people. Hence, such people can work towards the betterment of the entire nation. Encouraging people to become productive citizens is not an easy task, but it is possible. Therefore, governments should invest in human capability as the pros outweigh the cons significantly.

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