Investing in Human Capital Leads to Perpetual Economic Growth in Singapore
Investing in education and employment in Singapore has helped the country's economy grow over the past 30 years. By looking at the relationship between economic growth, human capital investment, and labor force employment, researchers found that both investing in education and increasing employment have contributed to the country's economic growth. Initially, investing in education may slow down growth, but eventually, it leads to sustained economic growth. If this trend continues, investing in education could lead to continuous economic growth in Singapore.