Human capacity development refers to various ways where individuals are trained, schooled, prepared and well equipped to fully maximize their potential to the fullest. Human capacity development is a key part of every developed Economy as it's humans that has developed enough capacity that can drive the economy with the right policies and program when they come to leadership positions.
Top companies all over the world understand this facts very well that's why they invest into capacity development of their employees, because every thing falls down to Huma capacity development of the individual in the company. In inclusion any nation that wants her Economy to grow and develop should invest in the area of capacity development of her citizens by way of setting up quality educational systems, vocational skills that will make her citizens to be ready and fully equipped to develop their nation when given the opportunity.
Human capital development is simply the training and retraining of citizens with needed skillful and material resource for them to either help in the development of the economy by starting their own business or using that skill to work for the Government. A high level of citizens that are resourceful and well empowered will always endeavor to contribute their quota to the effective development of a country especially those that have skills and those that are very educated, because Hines they are very skillful and educated they can easily work for private companies or government parastatals.
A country that is not ready to invest in her citizens, shouldn't be expecting quality workforce, because it's garbage-in-garbage-out, such a country will be heavily dependent on expatriate from other countries to help man certain sectors of their economy since they don't have the human resource.