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Human Capital

Lado Apkhazava – one exceptional teacher’s recipe for unlocking Georgia’s human capital potential

Mercy Tembon's picture
Also available in: Georgian
Lado Apkhazava and Mercy Tembon

I am very happy I met Lado Apkhazava, a truly gifted, committed, and professional Civics Education teacher from Guria - one of Georgia’s poorest regions. Lado’s innovative and student-centered approach is transforming the culture of teaching and learning at his public school in Chibati.

ლადო აფხაზავა – ერთი გამორჩეული მასწავლებლის რეცეპტი საქართველოს ადამიანური კაპიტალის განვითარებისთვის

Mercy Tembon's picture
Also available in: English
Lado Apkhazava and Mercy Tembon
ძალიან მიხარია, რომ ლადოსთან შეხვედრის შესაძლებლობა მომეცა. ის, მართლაც, ნიჭიერი, საქმისთვის თავდადებული და სამოქალაქო განათლების პროფესიონალი მასწავლებელი აღმოჩნდა. ლადო საქართველოს ერთ-ერთი უღარიბესი რეგიონიდან - გურიიდანაა. მისი ინოვაციური და მოსწავლეზე მორგებული მიდგომა სწავლებისა და სწავლის კულტურას ჩიბათის საჯარო სკოლაში მნიშვნელოვნად გარდაქმნის. 

Investițiile în micuțul Radu sunt investiții în viitorul Moldovei

Anna Akhalkatsi's picture
Also available in: English | Русский
Moldova Human Capital

Întrebați pe oricine din Moldova despre cele mai importante atracții ale țării și, probabil, vor menționa vinăriile moldovenești, inclusiv beciurile de la Cricova, aflate la o distanță de aproximativ jumătate de oră de mers cu mașina de la Chișinău și cunoscute pentru cele 120 km de tuneluri subterane. În 2002, complexul vitivinicol Cricova a fost distins cu Ordinul Republicii pentru contribuția sa la dezvoltarea economiei naționale.
Totuși, adevărata bogăție a Moldovei nu este subterană. E situată chiar la suprafață, reprezentată de oamenii săi.

Investing in young Radu is investing in Moldova’s future

Anna Akhalkatsi's picture
Also available in: Română | Русский
Moldova Human Capital

Ask anybody in Moldova about the country’s most-popular attractions and they’ll likely mention Moldovan wineries, including the Cricova Wine Cellars, located about half an hour’s drive from Chisinau, and famous for having 120km of underground tunnels. In 2002, the Cricova wine complex was awarded the Order of the Republic for its contribution to the development of the national economy.
Moldova’s true wealth, however, is not underground. It’s well-above ground, in its people.

I believe Belarus will benefit greatly from the Human Capital Index – Here’s why

Alex Kremer's picture
Also available in: Русский

On 11 October 2018, the World Bank launched its Human Capital Index, which quantifies the contribution of health and education to the productivity of the next generation of workers. The Index is part of the Human Capital Project, a global effort to accelerate more and better investments in people. Belarus didn’t participate in the Index this year.

Back in 1440, King Henry VI of England founded a college for poor scholars, providing a free education for boys whose families couldn’t afford to pay. At that time, the young students learned to read and write so that they could later work as administrators in the royal court.

A few centuries later, in 1977, I became one of “King Henry’s scholars”. I’m not working for a king, of course, but I recognize how lucky I am to have benefited from Henry’s medieval investment in human capital. One could perhaps call him a “very early adopter”.

These days, investing in people makes more economic sense than ever. Human capital – the knowledge, skills, and health that people accumulate throughout their lives – accounts for up to 68% of a country’s overall wealth, on average. In the case of Belarus, where I now live, the share of human capital in the country’s total wealth is somewhat lower, at 49.2%.

Growth in Central Asia hinges on creating more jobs with higher wages

Lilia Burunciuc's picture
Also available in: Русский

Jobs and wage growth have been the most important driver of poverty reduction globally, and Central Asia. In Tajikistan, for example, it has cut poverty by about two-thirds since 2003. In Kazakhstan, it accounted for more than three-quarters of income growth over the past decade — even among the poorest 20 percent. The other Central Asian nations have also achieved significant economic growth and poverty reduction in the past two decades due to income growth.

But poverty-reduction rates have slowed. In Kyrgyzstan, they began slowing during the global recession of 2008, as income growth faltered. Poverty reduction in Tajikistan leveled off in 2015, when wage growth slackened and remittances from Tajiks working overseas fell.

In Uzbekistan, more than 90 percent of the poorest households have identified lack of jobs as their most urgent priority. For these families, the prospect of increasing their income is slim, while the likelihood of transmitting poverty to their children is high.

So what should countries in Central Asian do to build on their past achievements and prepare their citizens for the jobs of the future?