World Bank Human Capital Index (HCI) defines human capital as the knowledge, skills, and health that people accumulate over their lives. (Photo: theguardian.com)Hanoi (VNA) - Singaporehas emerged as the top among the 157 countries and territories in the inauguralWorld Bank Human Capital Index (HCI), which measures the human capital that achild born today can expect to attain by the age of 18.
The index defines humancapital as the knowledge, skills, and health that people accumulate over theirlives.
According to the report releasedon October 11 by the international financial institution at the WorldBank-International Monetary Fund Annual Meetings in Bali, Indonesia,Singapore’s HCI is 0.88. The top ten countries and territories include theRepublic of Korea, Japan, Hong Kong (China), Finland, Ireland, Australia,Sweden, the Netherlands and Canada.
The HCI comprises three components: Survival of children to school age, thequantity and quality of education, and health (adult survival rates, healthygrowth among children under the age of five).
According to the World Bank, the HCI "reflects the productivity as afuture worker of a child born today, compared with what it could be if he orshe had full health and complete, high-quality education", which ismeasured on a scale of zero to one — one is the best possible score.-VNA
