Publication: Survive, Learn, Thrive: Strategic Human Capital Investments Toward a More Prosperous and Inclusive Armenia
Files in English
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.
“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.”