atans1

Anti-PAPpies screaming about Oxfam report, what about World Bank’s Human Capital Index

In Economy, Political governance, Public Administration on 11/10/2018 at 2:26 pm

Another way to measure economic success other than by GDP was launched released two days ago earlier today by the World Bank.

Its Human Capital Index ranks countries according to how much is invested in young people.

The higher the investment in education and health the more productive and higher earning the workforce tends to be, the World Bank says.

Which leads to the creation of higher levels of wealth and a stronger economy.

They are silent because

First is Singapore, followed by South Korea, Japan and Hong Kong.

Finland and Ireland are fifth and sixth, with the UK in 15th place, below Germany but ahead of France, Norway and Switzerland.

The bottom of the list is dominated by countries in Africa, where human capital scores are a third of those enjoyed by leading nations.

Chad, South Sudan and Niger are the bottom three countries.

For 157 countries the World Bank studied the quantity and quality of education provided to children, the mortality rate for under-5s, the “rate of stunting” among young people (a measure of how healthy children are) and the chances of someone living to 60 by the time they reach 15-years-of-age (the “adult survival rate”).

Bringing the data together produced a score between 0 and 1, where zero would mean all children died before reaching education age and 1 would be all children receiving the perfect education and health start in life.

Singapore scored 0.88 and the UK scored 0.78.

https://www.bbc.com/news/business-45816049

  1. Does this mean we are vert obidient peasants?

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