Investing in Human Capital: A Key to Sustainable Development

The World Public Assembly's Panel Session "From People's Trust to the Trust of Economies: Humanitarian Foundations of International Partnership" highlighted the importance of social responsibility in business. Experts from various countries emphasized that businesses can no longer focus solely on economic goals, but must also actively participate in solving social, environmental, and humanitarian challenges.

Social Responsibility: Businesses are expected to prioritize social responsibility, investing in areas such as education, healthcare, ecology, culture, and infrastructure.

 Trust and Partnerships: Trust between people, businesses, and state’s is crucial for building sustainable partnerships and integrating economies.

Cultural Understanding: Considering cultural differences and finding common ground is essential for successful international economic cooperation.

Education: Investing in education is vital for future growth and prosperity, particularly in regions like ASEAN

"The economy of life began with the search for meanings. The economy is based on people," said Svyatozar Darnev, Chairman of the Russian construction and financial association "Osnova", is quoted  saying this, and Sabena Johannes, Chairman of the Board of Directors and CEO of Afritrack Angola Construção Civil S.A. also enphasized that  "Our task is, first of all, social and corporate responsibility. Human values depend on fundamental things: healthcare, education. And most importantly, peace on the planet,"

Another key speaker noted Jaziri Alkaf Abdillah Suffian, Former Senator Parliament of Malaysia, also remarked that  "Education is very important! It is fundamental in our region, the ASEAN region. Investing in the next generation, in our children and youth leads to youth diplomacy, and through it to the prosperity of the future,"

The World Public Assembly's discussion on investing in human capital highlights the need for businesses to prioritize social responsibility and invest in areas that promote sustainable development and trust-building. By doing so, businesses can contribute to positive change, offer innovative solutions, and ensure inclusive growth

WRITER: ATO YANNEY JNR

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