The Importance of Economic and Human Development

In this paper we compare and contrast the two main paradigms for measuring poverty, economic approach and people-centered approach. I believe that economic development (ED) and human development (HD) should be regarded as complementary, so both need to promote human happiness. Nussbaum (2011) answered this view when she believed that people needed a combination of opportunities and abilities to function in society (p. 25). Therefore, first consider these models separately and determine how they interact.

Introduction Globalization of the economy is the most important feature and general trend of the current world economic development. Globalization is a phenomenon and process of human and human social development (Hamilton, 2008). This is the basic feature of modern times. Globalization is a transboundary movement between capital and commodities, including capital, labor, technology and natural resources (Bożyk, Misala & Puławski, 2002). Economic globalization is a historical process, but why is it richer and poorer? Globalization is seen as a catalyst for international trade and economic growth. Globalization measurement, the relationship between international trade and economic growth can have various parameters arising from investment liquidity, human capital communication and transport interdependence, other economic and social relations between countries There is. .

Human capital is considered to be one of the major determinants of economic growth and continues to play an important role in the country's technological progress. To some extent, many studies have missed the importance of human capital for growth through industry specialization and interaction with developed and developing countries. The donation structure is the key to economic development in many countries. Human capital plays an extremely important role, particularly in maintaining the production department by skilled workers. Many people discussed this relationship from the viewpoint of contributing to Sudan's education, wages and economic growth, and no direct and comprehensive investigation into human capital mismatch has been done.

Human capital discrepancy in the context of new structural economics: evidence from Sudan