What is the Human Capital Index Report published by World Bank?
How does the HCI help understand economic growth driven by investment in the people of different countries?
The World Bank's Human Capital Index (HCI) is an annual report that measures the human capital endowment of countries around the world. The HCI aims to provide an understanding of how countries are investing in their people, and how that investment is translating into economic growth and development. The report uses a variety of indicators to measure human capital, including health, education, and labor force participation.
The HCI is based on the idea that human capital is a key driver of economic growth and development. The report argues that by investing in the health and education of its citizens, a country can build a skilled and productive workforce that can drive economic growth and create opportunities for all.