Capitalizing on Higher Education the Australian Way

Authors : Sarita Jaishankar, Yasmin Singaporewala, Harshvi Trivedi, Sana Parikh, Riddhi Samarth, Vishesh Wadhwa, Swasti Bharill

Volume/Issue : MMK: ACE - 2019

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The OECD1 defines Human Capital as -“the\\nknowledge, skills, competencies and other attributes\\nembodied in individuals or groups of individuals\\nacquired during their life and used to produce goods,\\nservices or ideas in market circumstances.”\\nUnder the present circumstances, it is very\\nimportant for economies to invest in the\\ndevelopment of their human capital. Hence, the\\nWorld Bank launched the Human Capital Project\\n(HCP) in order to address the persistent gaps\\nprevailing in the amount of investment for human\\ncapital development. The Human Capital Index is\\nthe key indicator of this project which is used to\\nmeasure human capital of developed as well as\\ndeveloping economies. According to the World\\nBank2 “The Human Capital Index quantifies the\\ncontribution of health and education to the\\nproductivity of the next generation of workers.”


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