Implications of Human Development Index and economics variables: Proving the weak dependence human right policy on foreign investments in the Peruvian context
Luis Pacheco Rojas
Master in finance by University of Amsterdam. Lawyer by Pontifical Catholic University of Peru.
The current research shows the results of the weak relationship between human development and Foreign Direct Investment and External Debt in developing countries (Special case of Peru). Foreign Direct Investment and External Debt are two of the indicators of economic growth which are also related with the financial sector of a country. The social element represented by HDI brings a new perspective in the International Finance. The new concept “rethinking in the international finance” is developed in the current perspectives to combine the improvement in financial sector and economic growth to the social development. Social development is an important base to measure the progress in human rights. That is why it is important to know if there is any relationship between these variables.
In this regard, the main aim of this research is to observe how the development level of a country which is measured by Human Development Index (HDI) is influenced by the Foreign Direct Investment and External Debt. I expect that this research can contribute a new perspective to the financial system of a country especially in relation with the policy regarding foreign investment and External Debt in order to improve the development level of a country and human right policy.
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Cita: PACHECO ROJAS, Luis. Implications of Human Development Index and economics variables: Proving the weak dependence human right policy on foreign investments in the Peruvian context. En: Working papers (Ius Standi), 2015, pp. 1 – 13.