Human Capital Horizons BRICS Nations Reshaping Global Workforce Dynamics
Keywords:
BRICS, Human Capital, Workforce Development, Talent Mobility, Global Labor MarketsAbstract
Human capital has become a key engine of economic growth and global competitiveness, particularly as technological change and demographic transitions reshape labor markets. This study investigates how the BRICS nations Brazil, Russia, India, China, and South Africa are transforming global workforce dynamics through human-capital development. Employing a qualitative descriptive design and a desk-based literature review of peer-reviewed journals the analysis reveals a strong positive correlation between the Human Development Index (HDI) and the Human Capital Index (HCI), confirming that investments in education, health, and workforce skills directly foster human development. The findings highlight large-scale initiatives in education, vocational training, and digital infrastructure, as well as strategies for talent mobility and diaspora engagement that enhance human-capital flows and attract foreign direct investment. Comparative insights show diverse national responses to demographic pressures, inequality, digital transformation, and skills mismatches China and India demonstrate expansive programs in science, technology, and education, while Brazil, Russia, and South Africa face slower progress and persistent socio-economic disparities. Overall, the study concludes that sustained investment in education industry alignment, social protection, digital and green skills, and diaspora policies is essential for BRICS nations to strengthen workforce readiness and exert greater influence on global labor markets.
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