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VOL. 1, ISSUE 1 (2025)
Human resource investment and its impact on human development Index: A comparative study of Indonesia and Vietnam
Authors
Mega Amelia Putri
Abstract
This study examines the role of human resource
investment in improving the Human Development Index (HDI) in two Southeast
Asian countries, Indonesia and Vietnam. As both nations aim to enhance their
socio-economic development, the quality of human capital becomes a critical
factor in determining long-term growth and well-being. The research explores
the impact of investments in education, healthcare, and skills development on
HDI scores, comparing the outcomes in both countries. Using a mixed-methods
approach, including data analysis and case studies, the paper assesses the
relationship between human resource investments and improvements in education,
life expectancy, and income levels. The findings reveal that while both Indonesia
and Vietnam have made significant strides, the extent of investment in human
resources varies, leading to differences in HDI growth rates. Vietnam’s higher
investment in education and vocational training has translated into a more
favorable HDI trajectory compared to Indonesia. The study emphasizes the
importance of targeted investments in human capital to foster sustainable
development and highlights the need for policy adjustments in Indonesia to
further enhance its human development outcomes. This research provides valuable
insights for policymakers, educators, and development professionals seeking to
improve human capital and, in turn, raise the standard of living in developing
nations.
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Pages:22-26
How to cite this article:
Mega Amelia Putri "Human resource investment and its impact on human development Index: A comparative study of Indonesia and Vietnam". International Journal of Advanced Studies, Vol 1, Issue 1, 2025, Pages 22-26
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