Investment in human capital in Africa

Summary The author analyses the problems currently faced by the African continent, recognises six factors which he believes are important in influencing the analysis, and argues that the only secure, renewable asset any country or continent has, is its people. He maintains that people development, rather than the classical economic forms of encouraging development, offers Africa a viable way forward. He then identifies a number of specific issues within such a strategy of investment in human capital.Brian Walker is the President of the International Institute for Environment and Development (IIED), and this address was given at the inaugural meeting of the International Year of Shelter for the Homeless, in London, on 18th April, 1985. A second, earlier, associated address was published inThe Environmentalist 5(3) 167–170.