On Redistribution and Human Capital Investment Policies

Abstract

Societies have always attempted to realize economic growth. Growth can bring greater wealth and opportunities to a nation’s citizens. However, with this growth, complex issues regarding social equity and government efficiency emerge. These may be spread over a broad spectrum, creating a need for governments to address them with two groups of policies: redistribution of wealth and investment in human capital. Today, both groups serve indispensable functions to ensure that governments run properly. They also put guardrails so that an economy’s balance is not tipped overly towards specific populations.