Project report
The Human Capital Project
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Summary
Written by AI, not yet AICS's view · claude-sonnet-5-5This is the World Bank Group's description of the Human Capital Project, which aims to encourage more investment in people's skills, health and knowledge. It argues that human capital drives sustainable growth and poverty reduction, and that gaps in investment leave the world poorly prepared for changing work. The project's goal is that all children arrive at school ready to learn, learn while in school, and grow into healthy, skilled adults. The volume sets out the evidence and the theory of change, with the Human Capital Index methodology in an appendix.
Key points
- Human capital (skills, health, knowledge, resilience) makes people more productive, flexible and innovative.
- Human capital is described as a central driver of sustainable growth and poverty reduction.
- Significant gaps in human capital investment remain despite substantial progress.
- The Human Capital Project aims to raise awareness of the costs of inaction through country engagement and analytical work.
- The text also appears as chapter 3 of the 2019 World Development Report: The Changing Nature of Work.
Limitations
Only the abstract is available, so it gives no data, country findings or specific results on children. It does not evaluate a particular intervention.
Abstract
By improving their skills, health, knowledge, and resilience—their human capital—people can be more productive, flexible, and innovative. Human capital is a central driver of sustainable growth and poverty reduction. Investments in human capital have become more important as the nature of work has evolved. Yet despite substantial progress, significant gaps in human capital investments are leaving the world poorly prepared for what lies ahead. The World Bank Group has launched the Human Capital Project (HCP) to mobilize efforts to address these gaps. The project is intended to raise awareness of the costs of inaction and make the case for investing in people through country engagement and analytical work. The goal of the HCP is a world in which all children arrive at school ready to learn, the time spent in school translates into better learning, and they can grow up to live and work as healthy, skilled, and productive adults. The main text of this volume—which also appears as chapter 3 in the 2019 World Development Report: The Changing Nature of Work —describes the evidence supporting the importance of human capital for people, economies, and societies and lays out the rationale and context for the HCP’s theory of change. The Human Capital Index methodology is detailed in the appendix. (World)