Analysis of human capital development in Puerto Rico: summary and conclusions

Abstract

This article examines human capital development issues in Puerto Rico. Researchers from The University of Southern Mississippi's Human Capital Development programme travelled to Puerto Rico to investigate the question ‘How is Puerto Rico retraining its workforce to meet the demand of global competition?’. Interviews were conducted with individuals involved in Puerto Rico's workforce development efforts. Using the results of these interviews, thisarticle identifies trends and challenges that Puerto Rico faces in developing itshuman capital. Challenges include high dependence on government support,inadequately designed reskilling programmes and lack of accountability. A primary goal of this article includes increasing awareness of and promoting further discussion of Puerto Rico's human capital development issues and opportunities.

Keywords:

• workforce development
• human capital
• Puerto Rico
• reskilling
• training