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Lucas (1990) stated in his study that capital doesn't flow from rich to poor countries because of differences in capital per worker. The resource curse tackles the irony of why resource abundant economies tend to grow slower than those with low resources (Sachs and Warner, 1997). This study examines the connection between the Lucas Paradox and the Resource Curse between the developed and developing countries in the ASEAN based from Solow's neoclassical model and the Cobb Douglas production function. The study would like to state if a connection exists between the two phenomena and determine how they affect each other and if the Lucas Paradox and the Resource Curse exists in the Philippines, Indonesia, Malaysia, Thailand and Singapore. Developing countries are all rich in natural resources, specifically have high human capital and high human capital investments. This research also proves that an increase in education directly affects human capital stock and that age is positively related to human capital as different age groups increase human capital. It was also confirmed that human capital stock depends upon the distribution of the population between urban and rural sectors. While on the other hand the effect of the Capital per Effective worker hypothetically increases the overall Income per Effective worker but seems to be lacking in the developing countries thus proving the Lucas Paradox and the Human Capital Resource Curse are present and are interconnected with each in countries such as the Philippines, Indonesia, Malaysia, Thailand and Singapore. The lack of investments in human capital discourages capital to flow from developed to developing countries which results to slow economic growth.