Posted on 15 August 2016.
Numerous studies have emphasized on the importance of investment in human capital where the merit goes to the Nobel Laureates of economy like; Gary Becker, Theodore Schultz and James Heckman.
The paper aims to present some of the results of studies of these Nobel Laureates, which focus on the necessity of investing in human capital especially investment in education even in very early childhood, then the investment in the training of workers for the establishment of labor productivity and investment in improving the quality and health of the population.
From the results of their studies we will get the message to policy makers that investing in human capital should be a priority of government policies especially in countries faced with the problem of unemployment. Unemployment is closely associated with education level, the higher is the education level the lower will be the unemployment rate.
The Importance of Investment in Human Capital: Becker, Schultz and Heckman (662.8 KiB, 715 hits)
Posted in Economics, Information Technology, Knowledge Management, Volume VI, Issue no. 4
Posted on 15 October 2015.
The economic growth is the most important indicator in determining the welfare of a country, thus affecting the growth of income level. The economic growth is one of the indicators most used by economists, governments and international economic organizations and is also considered as synonymous with development.
Economic growth is an indicator of the performance of the management of economic resources of the period by identifying the economy of a country.
Given the great importance that has the economic growth for a country, the study makes an analysis of the process of economic growth in Albania after 1990 and until our days, by determining which the main sources that have provided growth were. But, despite the problems arising in this regard, the study currently is trying to show which should be the new model that will provide long-term economic growth of the country.
The Factors that Affect the Economic Growth in Albania (827.8 KiB, 583 hits)
Posted in Economics, Information Technology, Knowledge Management, Volume V / 2015, Volume V, Issue no. 5
Posted on 15 June 2013.
Author’s approach to knowledge is based on the system of upgrading between knowledge as information, cognitive process, capital and a value. Knowledge cannot exist without it’s subject to whom the capacity of cognition is ascribed. Cognitive capacity is bounded due to imperfect information and the limits of the human mind and is becoming with individual’s inclusion into the society socially contingent. Primarily knowledge represents an investment into an individual who can only through social capital fully employ the human capital acquired for oneself. Through organizational routines and practices individual knowledge is also increasingly spilling over to other users of knowledge causing organization to become an important carrier of knowledge. Organizations are therefore devoting more attention to systematic knowledge management as a tool for boosting intellectual capital which represents understanding of knowledge as capital in its full meaning. Knowledge as capital cannot be fully understood without a more profound grasp of freedom through which knowledge becomes a value.
Understanding of Knowledge from Economist’s Perspective (632.8 KiB, 1,238 hits)
Posted in Knowledge Management, Volume III, Issue no. 3
Posted on 15 December 2011.
“Knowledge is power”. Sir Francis Bacon, Religious Meditations, Of Heresies, 1597 – English author, courtier, & philosopher (1561 – 1626)
Knowledge Management is a current topic in the market, which have been treated during the last years from different consideration perspectives. This ongoing subject has fascinated me ever since I had the opportunity to read a paragraph of Hendry Minzberg, in respect of this topic.
Knowledge management is a main part of the today’s economy. It reflects the expressive representation to the demand of the knowledge society, within the scope of the globalization and the continuous learning.
Organizational learning and learning organization are two concepts often confused. If knowledge processes, knowledge contained change occurs through the process of learning. By learning we understand, in this context, an increase of possibilities of action of various sources of personal knowledge.
Knowledge Management – The Importance of Learning Theory (672.1 KiB, 8,251 hits)
Posted in Issue no. 7, Knowledge Management