World Bank Releases Ranking of Countries Based on Investments In 'Human Capital', Including Health and Education
The World Bank wants to trigger a flurry in investments in health and education after releasing a ranking of countries based on measures of “human capital” - including childhood mortality and years in schooling. The classification, unveiled at the World Bank and IMF’s annual meetings in Indonesia, aims to spur a wide-ranging change in policies, particularly across the developing world, to reflect a growing belief by the organisation that investments in people should be given more weight compared to investments in infrastructure as drivers of economic growth. “This is a tool for everyone, but it is a tool especially for heads of state and ministers of finance so they know exactly where they stand compared to everyone else,” World Bank President, Jim Yong Kim, told reporters.
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The Financial Times