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Human Capital Development in Singapore An - United Nations.pdf

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Articles Advances in Developing Human ResourcesOsman-Gani / HRD IN SINGAPORE10.1177/1523422304266074 August 2004 Human Capital Development in Singapore: An Analysis of National Policy Perspectives AAhad M. Osman-Gani Nanyang Technological University, Singapore The problem and the solution. Singapore provides an inter- esting case study of human capital development (HCD) as national strategy. Its human resource strategies have been con- tinuously revised and adjusted in conjunction with other national strategic economic policies. Although some studies have been done on microlevel human resource development (HRD) practices, very little research has been done on the stra- tegic and macrolevel policy perspectives. This article presents an analysis of macrolevel HCD strategies in Singapore from a national policy perspective and describes the elements of the HRD infrastructure. Keywords: Singapore; national policy; human capital development Human resources have been identified as the single most important strategic capital for Singapore. A small country with virtually no natural resources, Singapore has become one of the most developed countries in Asia primar- ily due to its strong emphasis on developing human resources and for con- tinuously making significant investments in its human capital. Human re