Sponsored Overseas Human Capital Development In Pacific Emerging economies; Program Design Limitations and Complexities

Abstract

Growth and development are goals of many economies including emerging economies in the Pacific. Aggregate sustained economic growth and development require various factors of production being collectively engaged in a complex process. One of the main economic development strategies undertaken by various developing countries and emerging economies in the Pacific is the investment into overseas human capital development, predominantly in developed nations. However, the program design characteristics and employability complexities tend to restrict the real economic value that these practices return to these economies.