Latin American Capital Markets

468 CATHERINE CHANDLER-CRICHLOWTable 15-1 | Indicators of Human Capital DevelopmentElements of humancapital developmentEndogenous factorsWorkforcedevelopmentWorkforcemobilizationSector governanceStrategic allianceExogenous /actorsPublic sectorgovernanceEducationCulturalharmonizationIndicatorsPresence of domestic private/public training institutionsInvestment by government in sector development programs as a percentageof gross domestic productInvestment by businesses in a sector for developing its workforceWorkforce participation in sector-based training programsMovement of workforce to different roles in the same sectorMovement of workforce to different roles in a different sectorMovement of workforce across different sectorsNumber of professional associationsNumber of training associationsProvision of standards of practice by professional associationsSize of membership of sector associationsAlliances with domestic associations/educational institutionsAlliances with regional associations/educational institutionsAlliance with international associations/educational institutionsJudicial understanding of needs of the sectorExecutive understanding of needs of the sectorGovernment assistance programsGovernment investment in formal and informal educational opportunitiesCompleted years in formal primary, secondary, and tertiary educational levelsInfrastructure for informal educationAlignment of products and services to cultural normsParticipation of indigenous cultural groups in the development of the sectorPresence of strategies that would facilitate the movement of indigenoussocietal customs toward a business model of developed economiesThe indicators in table 15-1 could be used to assess the degree to which theelements of human capital development are established in a given locale. This is notan exhaustive list, but it provides a framework for studying the sector This model canbe used to provide a profile of human capital development for any given sector irre-Copyright © by the Inter-American Development Bank. All rights reserved.For more information visit our website: www.iadb.org/pub