IOP2605 Human Capacity Development (IOP2605)
University of South Africa
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IOP2605_Assignment_4_Semester_1_2023
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IOP2605 Assignment 4 Semester 1 2023 
QUESTION 1 
Read the following excerpt and answer the questions that follow: “Basing her 
educational agenda, such as the Millennium Development Goals, on the tenets 
of human capital theory, South Africa has, like many developing countries, 
invested heavily in education over the last decade (between 5.3% and 5.5% of 
the GDP for the period 2009-2010) (World Bank, 2010). If, as human capital 
theorists argue, there is a direct relationship between educati...
IOP2605 Assignment 4 Semester 1 2023
IOP2605 Assignment 4 Semester 1 2023
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