Structural Change and Human Capital
As countries develop economically, their economies typically undergo structural change, a shift in which sector, agriculture, industry, or services, employs most of the workforce and produces most of economic output, moving over time from agriculture toward industry and then toward services in many, though not all, countries' own development paths. Investing in human capital, the skills, knowledge, and health that make a workforce more productive, through education and healthcare, is widely considered essential for sustaining this kind of development over the long run, since a country's workforce is one of its own most valuable long-term resources.
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