World Bank Human Capital Index
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World Bank Human Capital Index
The Human Capital Index is a report prepared by the World Bank. The Index measures which countries are best in mobilizing the economic and professional potential of its citizens. The index measures how much capital each country loses through lack of education and health. The Index was first published in October 2018 and ranked 157 countries. The Human Capital Index ranges between 0 and 1, with 1 meaning maximum potential is reached. Methodology The applications tmeasuring human capitalare developed in research by Noam Angrist, Simeon Djankov, Pinelopi Koujianou Goldberg and Harry Patrinos, in aarticlepublished in the leading scientific journal Nature. These findings are popularized in a 202Vox column The Index is grounded on the following three pillars: Survival *''Share of children surviving past the age of 5 in %'' School *Quantity of education ''(Expected years of schooling by age 18)'' *Quality of education ''(Harmonized test scores)'' Health *Adult survival rates (''Sh ...
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World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ...
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Simeon Djankov
Simeon Dyankov ( bg, Симеон Дянков, also Djankov; born July 13, 1970) is a Bulgarian economist. From 2009 to 2013, he was the Deputy Prime Minister and Minister of Finance of Bulgaria in the government of Boyko Borisov. Prior to his cabinet appointment, Dyankov was a chief economist of the finance and private sector vice-presidency of the World Bank. He was an associate editor of the '' Journal of Comparative Economics'' from 2004 to 2009. Dyankov was a chairman of the board of the European Bank for Reconstruction and Development. From 2013 to 2015, he was appointed rector of the New Economic School in Moscow. Since November 2015, Dyankov was a research fellow of the Financial Markets Group at the London School of Economics. At the World Bank, Dyankov was director of development economics. He was involved in the publication oWomen Business and the Law World Development Reports and Doing Business reports. The Doing Business reports were discontinued in 2021 after ...
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Pinelopi Koujianou Goldberg
Pinelopi "Penny" Koujianou Goldberg (born 1963) is a Greek-American economist who served as chief economist of the World Bank from 2018 until 2020. She holds the named chair of Elihu Professor of Economics at Yale University. She is also a non-resident senior fellow at the Peterson Institute for International Economics. Early life and education Goldberg was born in Athens, Greece. She received a Diplom in economics from the University of Freiburg in 1986 and a PhD from Stanford University in 1992. Career Goldberg teaches at Yale University, where she is the Elihu professor of economics. At Yale, she was initially one of only three female economics professors to have been granted tenure. She previously held faculty positions at Columbia University (1999–2001), Princeton University (1992–99 and 2007–10), and Yale (2001–07 and 2010–present). In 2011, Goldberg became the first woman appointed as editor-in-chief of the ''American Economic Review'', one of the most prest ...
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World Development Report
The World Development Report (WDR) is an annual report published since 1978 by the International Bank for Reconstruction and Development (IBRD) or World Bank. Each WDR provides in-depth analysis of a specific aspect of economic development. Past reports have considered such topics as agriculture, youth, equity, public services delivery, the role of the state, transition economies, labour, infrastructure, health, the environment, risk management, and poverty. The reports are the Bank's best-known contribution to thinking about development. World Development Report 2021 World Development Report 2021: Data for Better Lives explores the tremendous potential of the changing data landscape to improve the lives of poor people, while also acknowledging its potential to open back doors that can harm individuals, businesses, and societies. It studies the various uses of data as a public good as well as harnessed by private players to enhance productivity. It explores the mechanism that coul ...
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Nobel Prize
The Nobel Prizes ( ; sv, Nobelpriset ; no, Nobelprisen ) are five separate prizes that, according to Alfred Nobel's will of 1895, are awarded to "those who, during the preceding year, have conferred the greatest benefit to humankind." Alfred Nobel was a Swedish chemist, engineer, and industrialist most famously known for the invention of dynamite. He died in 1896. In his will, he bequeathed all of his "remaining realisable assets" to be used to establish five prizes which became known as "Nobel Prizes." Nobel Prizes were first awarded in 1901. Nobel Prizes are awarded in the fields of Physics, Chemistry, Physiology or Medicine, Literature, and Peace (Nobel characterized the Peace Prize as "to the person who has done the most or best to advance fellowship among nations, the abolition or reduction of standing armies, and the establishment and promotion of peace congresses"). In 1968, Sveriges Riksbank (Sweden's central bank) funded the establishment of the Prize in Economi ...
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Paul Romer
Paul Michael Romer (born November 6, 1955) is an American economist and policy entrepreneur who is a University Professor in Economics at New York University. Romer is best known as the former Chief Economist of the World Bank and for co-receiving the 2018 Nobel Memorial Prize in Economic Sciences (shared with William Nordhaus) for his work in endogenous growth theory. He also coined the term "mathiness," which he describes as misuse of mathematics in economic research. Before joining NYU, Romer was a professor at the University of Chicago, the University of California, Berkeley, Stanford University's Graduate School of Business, and the University of Rochester. Romer was chief economist and senior vice president of the World Bank until he resigned in January 2018 following a controversy arising from his claim of possible political manipulation of Chile's "ease of doing business" ranking. Romer took leave from his position as professor of economics at NYU when he joined the ...
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Human Capital
Human capital is a concept used by social scientists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. Human capital has a substantial impact on individual earnings. Research indicates that human capital investments have high economic returns throughout childhood and young adulthood. Companies can invest in human capital, for example, through education and training, enabling improved levels of quality and production. As a result of his conceptualization and modeling work using Human Capital as a key factor, the 2018 Nobel Prize for Economics was jointly awarded to Paul Romer, who founded the modern innovation-driven approach to understanding economic growth. In the recent literature, the new concept of task-specific human capital was coined in 2004 by Robert Gibbons, an economist at MIT, and Michael Waldman, an economist at Cornell University. The concept emphasizes ...
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Economics Publications
Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements. Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and beh ...
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International Rankings
This is a list of international rankings. By category Agriculture *List of largest producing countries of agricultural commodities * List of countries by apple production *List of countries by apricot production *List of countries by artichoke production *List of countries by barley production *List of countries by cereal production * List of countries by coconut production *List of countries by coffee production *List of countries by cherry production *List of countries by cucumber production *List of countries by eggplant production *List of countries by forest area *List of countries by garlic production * List of countries by irrigated land area *List of countries by papaya production *List of countries by pineapple production * List of countries by plum production *List of countries by potato production * List of countries by soybean production *List of countries by tomato production Consumption * List of countries by meat consumption * List of countries by beer consumption p ...
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