The Development of Human Resource Departments in Private Institutions

Seminar paper in the subject Business economics - Business Management, Corporate Governance, , language: English, abstract: Developing countries face myriad of challenges; the height of which is the wanton poverty that is associated with them. But, many countries such as the Asian Tigers have shown that with targeted, appropriate and adequate investment in human resource development through education, a society may be easily transformed from underdevelopment and poverty to prosperity and higher standard of living. With Millennium Development Goals (MDGs), the international community committed for the first time as a whole to an expanded vision of poverty reduction and pro-poor growth, one that vigorously places human development at the center of social and economic progress in all countries. The MDGs also recognized the importance of creating a global; partnership for change. The Sustainable Development Goals (SDGs), launched in 2015 over another 15 years long period, aimed at building on the efforts of the MDGs in the same perspective. That ending poverty must go hand in hand with strategies that build economic growth and at the same time addresses a range of social needs including education, health, social protection and creation of job opportunities. Barriers and Opportunities at the Base of the Pyramid - The Role of the Private Sector in Inclusive Development, Over the years, the state has been bearing the major responsibility for human resource development in many third world countries, just as developed countries benefitting of a welfare state. But this trend is changing. Since the beginning of the 21st century, private institutions and organizations have gradually started playing a major role in human resource development, in particular through their engagement in the education sector. The goal of this research, therefore, is to demonstrate the role of private institutions in human resource development in developing countries and how such contribu-tions may be enhanced, the role of private institutions with regards to MDGs and SDGs, notably through strategic partnerships with public institutions and other private organizations.