Several theories and approaches have been advanced as addressing chronic poverty in the third world today. Human capital development is one such approach. This book entitled “Human Capital Development and economic growth in Uganda” provides an analysis using a time series technique the link between education expenditure to human capital development and consequently to economic growth in Uganda. It traces the Human Capital Accumulation theory, its limitations and use. The book examines the various economic growth trends in Uganda and their net effect on economic growth and further isolates the effects of human capital accumulation on economic growth in Uganda over the period 1962 - 2002.