USA has to adapt and improve quickly in education and health care

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USA has to adapt and improve quickly in education and health care, read
the following to understand more:

The United States ranks 27th in the world for its investments in
education and health care as measurements of its commitment to economic
growth, according to the first-ever scientific study ranking countries
for their levels of human capital.

The nation placed just behind Australia (ranked 26th) and just ahead of
Czech Republic (ranked 28th). In contrast, China's ranking of 44th in
2016 represents an increase from its 1990 ranking of 69th.

"The decline of human capital in the United States was one of the
biggest surprises in our study," said Dr. Christopher Murray, director
of the Institute for Health Metrics and Evaluation (IHME) at the
University of Washington. "Our findings show the association between
investments in education and health and improved human capital and GDP
-- which policymakers here in the US ignore at their own peril. As the
world economy grows increasingly dependent on digital technology, from
agriculture to manufacturing to the service industry, human capital
grows increasingly important for stimulating local and national economies."

The World Bank President, Dr. Jim Yong Kim, defines human capital as
"the sum total of a population's health, skills, knowledge, experience,
and habits." It is a concept that recognizes that not all labor is
equal, and the quality of workers can be improved by investing in them.

The US's ranking of 27th in 2016 represents a significant decrease from
its 1990 ranking of 6th. It comes from having 23 years of expected human
capital, measured as the number of years a person can be expected to
work in the years of peak productivity, taking into account life
expectancy, functional health, years of schooling, and learning.

Researchers found that nations with greater improvements in human
capital also tend to have faster growth in per capita GDP. Countries in
the highest quartile of improvements in human capital between 1990 and
2016 had a 1.1% higher median yearly GDP growth rate than countries in
the bottom quartile of human capital improvements. For example, between
2015 and 2016, a 1.1% increase in the human capital growth rate in China
equated to an additional $163 per capita; in Turkey, $268 per capita;
and in Brazil, $177 per capita.

Read more here:

https://www.sciencedaily.com/releases/2018/09/180924190303.htm




Thank you,
Amine Moulay Ramdane.