Publication: Survive, Learn, Thrive: Strategic Human Capital Investments Toward a More Prosperous and Inclusive Armenia
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Date
2020-09
ISSN
Published
2020-09
Author(s)
World Bank
Abstract
Human capital – the knowledge, skills, and health that people
accumulate over their lives and that enable them to realize
their potential as productive members of society – is an
important contributor to the wealth of all nations regardless
of their income status. A child born in Armenia today will be
57 percent as productive when she grows up as she could be
if she received a full education and was completely healthy.
This reflects the existence in Armenia of deficiencies in its
schooling, student performance on harmonized tests, and
the protection from non-fatal health risks that it provides
beyond childhood. These gaps in human capital formation
have negative implications for the economy. The 2013-2014
National Competitiveness Report of Armenia highlighted
that insufficient human capital is a binding constraint to
the country’s growth. If Armenia ensured full education and
complete health in the long run, the per capita Gross Domestic
Product could be 1.75 times higher.
Link to Data Set
Citation
“World Bank. 2020. Survive, Learn, Thrive: Strategic Human Capital Investments Toward a More Prosperous and Inclusive Armenia. © World Bank, Washington, DC. http://hdl.handle.net/10986/34512 License: CC BY 3.0 IGO.”