Next generation S. Koreans to be world's 2nd most productive: World Bank

2018-10-11 67

한국서 오늘 태어난 아이 미래생산성 세계 2위...1위 싱가포르

The World Bank announced its Human Capital Index report... during the annual meeting with the International Monetary Fund.
South Korea came in second among the list of countries with the most developed human capital.
Hong Yoo explains the significance of this ranking.
New borns of South Korea will be the second-largest contributor of global productivity among 157 countries.

This,... according to the Human Capital Index released by the World Bank on Thursday,... which is a part of their Human Capital project that measures the amount of human capital... that a child born today can expect to attain by the age of 18.

The productivity of the next generation is measured by the level of education and health care that they can expect to receive from their country.
Each country is graded between zero and one, and South Korea's HCI was calculated at zero-point-eighty-four.

This means a child born in Korea today will reach 84 percent of his or her full potential on average,... with the benefit of a complete education and good health.

Taking a closer look at the five indicators of HCI,...
100 out of 100 children born in Korea will survive past the age of 5.
In Korea, a child who starts school at age 4 can expect to complete 13.6 years of school by his or her 18th birthday.
94 percent of 15 year olds are expected to survive until the age of 60.
And 98 percent of children will not succumb to cognitive and physical limitations that can last a lifetime.

What is interesting is that in Korea, the HCI for girls was higher than that of boys.
This was because girls scored higher in academic achievements, received more education than boys, and more survived until the age of 60.

Topping the Human Capital Index was Singapore with a score of zero-point-eighty-eight.
Close behind South Korea was Japan, coming in at third place.
Hong Yoo, Arirang News.