Youth and Human Resource Development

May 9, 2011 | By More

Youth can be used as a useful resource for the economic progress. Realizing this fact, most of the economies in the world have started giving attention on youth development. But in Pakistan, situation does not seem very encouraging, though it has a large population of youth.

About 63 per cent of human resource in Pakistan is less than 25 years old. But majority of them are not exposed to quality education, trainings and opportunities to perform. East Asian economies lack natural resources but these countries focusing on youth education outpaced South Asian economies.

In early 1960s per capita income of Pakistan was more than double that of South Korea. It is now only $1046 whereas South Korea per capita income has reached to $21,530. Accordingly to analysts, education is one of the major factors of this phenomenal growth.

In 1960s literacy rate of Republic of Korea, Thailand and Malaysia was 71, 68 and 50 percent respectively, on the other hand in South Asian developing countries, the literacy rate remained low; i.e. it was only 9 per cent for Nepal and 16 per cent for Pakistan.

Almost after five decades, literacy rate in Pakistan is 60 per cent (official figures) which is still lower than the literacy rate of Korea in 1961. The literacy rate in South Korea has reached 98 per cent and Malaysia has managed a rate of about 90 per cent.

In Pakistan a large proportion of working population is increasing and it is reverse in most developed economies. But available human capital should be empowered with knowledge based education so that it can play an effective role in the economic development.

Strategist should seriously think to fully exploit the potential of the available human resource and must suggest plans that are vital to harness the talent in youth. The spending on education must be increased which at present is quite below the desired level. According to Economic Survey 2008-09, public expenditure in Pakistan on education as a percentage to GDP was the lowest in the South Asian region. Pakistan was ranked 144th in UNDP’s Human Development Index (HDI) out of total 178 countries. One of the major reasons of this ranking was the low spending and less emphasis on education.

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Category: Entrepreneurship

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