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Thursday, October 11, 2018

Human Capital FT

Human Capital
Chart showing that wealthy countries tend to havehigher human capital, but not inevery case

A healthy and educated population is a foundation for economic success, raising living standards and the dignity of all people across the world, particularly those on the lowest incomes. Broadly defined as the qualities that make people able to contribute to a productive economy, human capital has repeatedly been found to be at the core of development. Differences in such capital arising from inequalities in access to health or education abound both between countries and within them.  There is little doubt about its importance. Whether it is the causal link between increased years of schooling in the US and rising incomes or the fact that most advanced economies have expanded higher education significantly in the past 20 years without depressing graduate pay, societies wanting to advance have often improved the health and education of their people first.

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