Final answer:
Yes, it is true that HRM has evolved due to economic forces like globalization, technological changes, and heightened competition, thus emphasizing the importance of human capital.
Step-by-step explanation:
The statement that HRM has evolved over the last few decades due to economic forces such as globalization, technological changes, and intense competition, which have all made human capital more important, is true. Economic forces like the force of globalization, advancements in communications and information technology, and increased international trade have indeed shifted the business landscape significantly. This shift has increased the demand for high-skilled labor as more productive roles such as top business managers, consultants, and design professionals have emerged. New technology has not only made workers more productive but has also made coordination and interaction on a global scale far more feasible, thereby increasing competition and opportunities for skilled workers while challenging lower-skilled workers with a larger global labor pool.