Abstract
This study intends shed lights on the importance sundry factors influences socio-economic development of developing countries in particular. Traditionally, capital, human capital are the most important factors affects economic development, where, the role of technology is equally vital in this process. After reviewing the existing relevant literature, it is found that apart from the significance of foreign direct investment, trade, foreign remittances, the role has been played by human capital measured by school cannot be ignored in the process of socio-economic development.
Keywords: Human capital/education, socio-economic development, social welfare