IB Economics HL (Chapter 17 full notes)

Chapter 17
Topics in economic development

17.1 The role of domestic factors
Education and health; the development of human capital

Education and health as fundamental human rights
: the rights to education and health have been further asserted by the International Covenant on Economic and Social Rights, and are guaranteed by the national constitutions of many countries
: as fundamental human rights, education and health are crucially important ingredients in the process of expanding human freedoms, the defining characteristic of human development. Evidence accumulated throughout the world overwhelmingly shows that education leads to improved employment opportunities and higher levels of income. Improved health reduces illness and physical disability, increases life expectancy, improves quality of life and reduces poverty…