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BD steps ahead of India, Pakistan in building better human capital: WB

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12th-Oct-2018       
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Special Correspondent :
Bangladesh steps ahead of two neighboring economies - India and Pakistan - in building better human capital by planning and executing policies on various initiatives regarding healthcare, schooling, food and safe growth to a newborn to become adult having productive capability, a World Bank (WB) study reveals.
The Human Capital Index (HCI) 2018, first of its kind released by World Bank on Thursday, is measured in terms of the productivity of the next generation of workers relative to the benchmark of complete education and sound health.  
According to the index, a child born in Bangladesh today will be 48 per cent as productive when he/she grows up as he/she could be enjoyed complete education and full healthcare. The country positioned at 106 in the global ranking of 157 economies.
India's ranking of 115 with 44 per cent productive human while Pakistan ranked far below at 134 with 39 per cent human capital lifetime productivity.
Singapore tops the list of top five scoring economies followed by Korea Republic, Japan, China and Hong Kong (jointly fourth place in  
the ranking) and Finland. In its introduction, the WB said an economy in which a child born today can expect to achieve complete education and sound health will score top value.
In its Bangladesh chapter, it said 97 out of 100 children born in Bangladesh survive, means only three die before the age of 5. A child who starts school at age 4 can expect to complete 11 years of school by his/her 18th birthday.
Across Bangladesh, 87 per cent of 15-year olds will survive until age 60. This statistic is a proxy
for the range of fatal and non-fatal health outcomes that a child born today would experience as an adult under current conditions, it said.
It said 64 out of 100 children are not stunted (Healthy Growth) while remain 36 out of 100 children are stunted and so at risk of cognitive and physical limitations that can last a lifetime.
The study say investments in human capital have become more and more important as the nature of work has evolved in response to rapid technological change. It said government's engagement has also become more significant.
"By investment, human capital can be more productive, flexible and innovative by improving their skills, health, knowledge and resilience," it said.

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