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Article: Corporate social responsibility.(Opinion)
- Article from:
- Manila Bulletin
- Article date:
- April 11, 2009
CopyrightCOPYRIGHT 2009 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Introduction: Investment in human resourceA large part of educational services must consist of the development of human and labor resources. This is called investment in human capital because, in an economic sense, it is very much the same as investing in machines and other material capital. We need additional product output to more than repay the new investment costs. Similarly, it pays for an individual to invest in human capital – additional education – because the increase in education can increase the earning power of the person being educated by more than the cost of additional education.Investing in human capital is easier said than done. For those who ...