DBPapers
DOI: 10.5593/sgem2012/s23.v3012

INVESTING IN EDUCATION – A FORM OF USING THE HUMAN RESOURCES OF A TERRITORY

N. E. VACARU
Wednesday 1 August 2012 by Libadmin2012

References: 12th International Multidisciplinary Scientific GeoConference, www.sgem.org, SGEM2012 Conference Proceedings/ ISSN 1314-2704, June 17-23, 2012, Vol. 3, 1111 - 1116 pp

ABSTRACT

The economic and social development of a modern nation depends on the human and
intellectual capital, in an amount that rivals that of other forms of capital (physical,
financial, social etc.). The education process is the one responsible with establishing the
level and quality of the human and intellectual capital involved in the development.
Therefore, investing in education is investing in development. The process of human
development is, often, associated incorrectly with an increase of the general welfare. In
reality, it implies other aspects as well, such as the people’s option to live a long and
healthy life and to learn, the respect of the fundamental rights and freedoms and towards
oneself altogether. The human resources may explain the various regional or
communitarian differences. The lack of or the abundance of human capital has a great
inertia in the territorial profile. Globalization, economic growth and social development
have a direct impact on the structural elements and on the cultural function of a
community. Experience has proved that there is no direct proportionality between the
level of economical development and the level of human development. The welfare of a
community does not depend upon the income level, but on the manner in which it is
used. Thus, this study presents the situation in Iasi (Romania), the cultural function of
the city, focusing on the human development strategies in this urban community.

Keywords: education, human potential, development, culture, strategies.