Book

Fostering Human Capital in the Gulf Cooperation Council Countries

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collection.link.313
https://openknowledge.worldbank.org/handle/10986/29311
collection.name.313
International Development in Focus
dc.contributor.author
El-Saharty, Sameh
dc.contributor.author
Kheyfets, Igor
dc.contributor.author
Herbst, Christopher
dc.contributor.author
Ajwad, Mohamed Ihsan
dc.date.accessioned
2020-06-19T11:50:14Z
dc.date.available
2020-06-19T11:50:14Z
dc.date.issued
2020-06-19
dc.date.lastModified
2020-06-22T14:36:54Z
dc.description.abstract
The formation of human capital--the knowledge, skills, and health that people accumulate over their lifetimes--is critical for the six Gulf Cooperation Council (GCC) countries. Human capital contributes not only to□ human development and employment but also to the long-term sustainability of a diversified economic growth model that is knowledge based and private sector driven. This approach is critical, given that income from oil and gas will eventually decline and that the nature of work is evolving in response to rapid technological changes, in turn demanding new skill sets. The GCC governments have demonstrated their strong political will for □this shift: four of them are among the first countries to join the World □Bank’s Human Capital Project—a global effort to improve investments in people as measured by the Human Capital Index. The GCC countries face four main challenges: Low levels of basic proficiency among schoolchildren; A mismatch between education and the labor market; A relatively high rate of adult mortality and morbidity; A unique labor market , in which wages in the public sector are more generous than in the private sector and government employment of nationals is virtually guaranteed To address these challenges, this report outlines four strategies in a “whole-of-government” approach: Investing in high-quality early childhood development; Preparing healthier, better educated, and skilled youth for the future; Enabling greater adult labor force participation; Creating an enabling environment for human capital formation These strategies are based on best practices in other countries and feature some of the GCC countries’ plans, including their national “Visions,” to take their economies and societies further into the twenty-first century. With the COVID-19 pandemic, the GCC countries face additional challenges that may worsen some preexisting vulnerabilities and erode human capital. In response, the GCC governments have taken multiple measures to protect their populations’ health and their economies. Any□ country’s decision to reopen its economy needs to closely consider public health consequences to avoid a resurgence of infections and any further erosion of its human capital. The COVID-19 crisis underscores that the need to accelerate and improve investment in human capital has never been greater. Once the GCC countries return to a “new normal,” they will be in a position to achieve diversified and sustainable growth by adopting, and then tailoring, the strategies presented in this report.
en
dc.identifier
http://documents.worldbank.org/curated/en/236551592799477607/Fostering-Human-Capital-in-the-Gulf-Cooperation-Council-Countries
dc.identifier.isbn
978-1-4648-1582-9
dc.identifier.uri
http://hdl.handle.net/10986/33946
dc.publisher
Washington, DC: World Bank
dc.relation.ispartofseries
International Development in Focus;
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
HUMAN CAPITAL
dc.subject
EDUCATION
dc.subject
LABOR MARKET
dc.subject
LABOR SKILLS
dc.subject
SKILLS DEVELOPMENT
dc.subject
MORTALITY
dc.subject
EARLY CHILDHOOD EDUCATION
dc.subject
EARLY CHILDHOOD DEVELOPMENT
dc.subject
COVID-19
dc.subject
CORONAVIRUS
dc.subject
PANDEMIC RESPONSE
dc.title
Fostering Human Capital in the Gulf Cooperation Council Countries
en
dc.type
Book
en
okr.date.disclosure
2020-06-19
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-1582-9
okr.identifier.report
149856
okr.language.supported
en
okr.region.administrative
Middle East and North Africa
okr.region.geographical
Middle East
okr.topic
Education :: Early Childhood Development
okr.topic
Education :: Education For All
okr.topic
Health, Nutrition and Population :: Early Child and Children's Health
okr.topic
Health, Nutrition and Population :: Health Economics & Finance
okr.topic
Health, Nutrition and Population :: Public Health Promotion
okr.topic
Social Protections and Labor :: Labor Markets
okr.topic
Social Protections and Labor :: Skills Development and Labor Force Training
okr.unit
Human Development Global Practice

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