Strategic Management, Text and Cases by Pearson

666 STRATEGIC MANAGEMENT

become wealthier. Growth of human capital implies more education

and skill sets for the population.

For India, the inclusive wealth index between 1990 and 2008 grew

by 18%, whereas GDP per capita grew by 220% over the same period

primarily due to growth of manufactured capital that saw an increase

of 270%. The increase in health capital between 1990 and 2008 was

only 7.5% and human capital grew by 24%.

Per capita income, human development index, happiness index,

and transparency rank are a few other indicators of superior perfor-

mance of governments. Government also has a role to dispense justice

with speed, fairness, ...