INVESTING IN HUMAN CAPITAL: A COMPARATIVE ANALYSIS OF DEMOCRATIC AND AUTHORITARIAN REGIMES
Аннотация
Human capital is the collective knowledge, skills, and abilities of a population that contribute to its economic and social development. Investing in human capital can enhance productivity, innovation, and well-being of individuals and societies. However, different political regimes may have different approaches and incentives to invest in human capital, depending on their goals, values, and constraints. This article compares and contrasts the human capital policies and outcomes of democratic and authoritarian regimes, using both theoretical and empirical evidence. The article argues that democratic regimes tend to invest more in human capital than authoritarian regimes, because they are more responsive to the demands and preferences of their citizens, more accountable for their performance, and more open to diverse ideas and feedback. However, the article also acknowledges that there are variations and exceptions within each regime type, depending on the level of development, institutional quality, social cohesion, and external influences. The article concludes by suggesting some policy implications and directions for future research on this topic.Ключевые слова
human capital, political regimes, democracy, authoritarianism, policy, development, comparison, education, health, innovation, governance, institutions
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