Survive, Learn, Thrive : Strategic Human Capital Investments Toward a More Prosperous and Inclusive Armenia
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 w...
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| Format: | Report |
| Language: | Armenian |
| Published: |
World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/540121597679380923/Survive-Learn-Thrive-Strategic-Human-Capital-Investments-toward-a-more-Prosperous-and-Inclusive-Armenia http://hdl.handle.net/10986/34512 |
| Summary: | 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. |
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