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Dubai, United Arab Emirates (CNN) – The World Bank has released the results of the 2020 Human Capital Index, a collaborative project between the World Bank’s Group of Human Development Practices and the World Bank’s Development Economics Group, which highlights the role of the current health and education sectors in shaping the next generation of workers.
According to the World Bank description, the project, which was launched in 2018 and is an important engine of economic growth, will help ensure the importance of governments and companies around the world investing in the human capital of their citizens, who the bank defines it as “the knowledge, skills and health care capabilities upon which people accumulate the course of their lives, enabling them to exploit their potential as productive members of society.
The Human Capital Index, which includes data from 174 countries, determines the contribution of health and education to the level of productivity expected to be achieved by the next generation of the workforce. Countries can use this indicator to gauge how much income they are losing due to human capital gaps and how quickly they can convert those losses into gains if they act immediately.
Many countries have made significant progress in improving human capital over the past decade, but today the outbreak of the Corona pandemic threatens to undo many of these gains, meaning the world today must take urgent steps to protect the progress that has been made. in human capital, especially among the vulnerable poor.
In the Arab world, the UAE leads the index as the best Arab country to invest in human capital, followed by Bahrain in second place in the Arab world, and then by Qatar in third place in the Arab world.
In the infographic above, find out the ranking of Arab countries according to their investment in human capital for the year 2020.
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