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A study of sustainability needs to consider the role of all forms of capital—natural, biological, social, technological, financial, cultural—and the complex ways in which they interact. All forms of capital derive their value, utility and application from human mental awareness, creativity and social innovation.
This makes human capital, including social capital, the central determinant of resource productivity and sustainability. Humanity has entered the Anthropocene Epoch in which human changes have become the predominant factor in evolution.
Humanity is itself evolving from animal physicality to social vitality to mental individuality. This transition has profound bearing on human productive capabilities, adaptability, creativity and values, the organization of economy, public policy, social awareness and life styles that determine sustainability.
This article examines the linkages between population, economic development, employment, education, health, social equity, cultural values, energy intensity and sustainability in the context of evolving human consciousness. It concludes that development of human capital is the critical determinant of long-term sustainability and that efforts to accelerate the evolution of human consciousness and emergence of mentally self-conscious individuals will be the most effective approach for ensuring a sustainable future.
Education is the primary lever. Human capital; social capital; education; employment; evolution; inequality; individuality; knowledge; population. Introduction The subject of sustainable development encompasses a broad spectrum of economic, ecological, political, technological and social issues, including energy, water, mineral resources, climate, Research articles on working capital management congestion, population, pollution, industrialization, technological development, public policy, health, education, and employment.
A compartmentalized piecemeal approach to the subject, such as one focusing on technological solutions or public policy issues, may shed light on specific aspects, but the complex interactions between various dimensions preclude such an exclusive concentration.
Problems are compounded when any of these subsystems and elements is regarded as if it were separate and independent from the choices and actions of human beings.
When the time dimension is also considered, the challenge becomes even more complex, because over decades many of the underlying assumptions on which our view of social phenomenon is predicated may be radically altered by new and unforeseen evolutionary trends, high-impact and hard-to-predict black swans.
The population explosion of the s, the demographic transition that followed, Green Revolution in the late s, the sudden end of the Cold War inthe meteoric rise of the Internet afterthe rapid emergence of China and India into global prominence sinceand the recent global financial crisis the first of this magnitude in seven decades were unforeseen even a few years before they occurred.
Entering the 21st century, the speed of change has only accelerated. Therefore, this study is founded upon an evolutionary perspective of social development. Human capital consists of many dimensions, which have been examined in-depth by other researchers.
The objective of this article is to consider the role of human capital, not merely as one essential component but as the primary determinant of the process of social, economic and ecological development, and to explore important relationships between its various dimensions that are critical to sustainability.
Wider Conception of Capital In recent decades, humanity has recorded remarkable achievements, while placing increasing demands on our environment.
The challenge now facing humanity is to find ways to harness all available forms of capital in a manner that promotes human welfare, well-being and sustainable development for all.
Until recently the notion of capital was largely confined to financial assets utilizable for commercial and industrial investment. But a broader conception of capital can be traced back to Adam Smith, who defined four types of fixed capital—land, buildings, machinery and human abilities 1.
Natural capital consists of minerals, energy sources and other environmental resources that exist independently of human beings. Biological capital consists of all species of plants and animals that serve as the basis for other life, as well as their by-products and waste-products, such as coral reefs and the organic content of soil.
Human capital includes a wide range of human capabilities: The different forms of capital are interrelated and interdependent. All forms of life depend on natural capital for their survival. But the reverse is also true. Natural capital is enhanced or destroyed by the impact of biological life forms, e.
Financial capital is itself a product of human relationships based on exchange and trust and has no independent existence of its own.
Money can be utilized to make any other resource more useful or productive. It can be used to educate people, develop and apply technology to natural or social processes, etc.Effect of Working Capital Management on Firm Profitability: Empirical Evidence from India is a Research Scholar at the Department of Management Studies, Indian Institute of Technology Roorkee, Roorkee (Uttrakhand), India.
Effects of working capital management on SME profitability. Learn how to determine a company's working capital position to correctly analyze liquidity.
Anil K. Kashyap of the University of Chicago and the NBER, a member of the financial policy committee of the Bank of England, is researching macroprudential policy, looking at financial regulation and trying to figure out how a rerun of the financial crisis might be avoided.
|Working Capital Management Strategies for Today||Management of working capital includes inventory management and management of accounts receivables and accounts payables.|
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Net working capital (NWC) is the difference between a company’s current assets and current liabilities. A positive net working capital indicates a company has sufficient funds to meet its current financial obligations and invest in other activities.
International Review of Business Research Papers Vol.3 No March , Pp - Working Capital Management And Profitability – Case Of. These characteristics of human capital prompted Harlan Cleveland, former President of the World Academy of Art and Science, to observe that “the only limits are the limits to imagination and creativity” They led Aurelio Peccei, founder of the Club of Rome, to argue that human capital is the most underutilized of all forms of capital