The World Bank has warned that without an urgent and concerted global effort to build human capital, vast numbers of people and entire countries are in danger of being excluded from future prosperity.
According to the World Bank Brief, the bank has observed that governments have invested more in “physical capital such as roads, bridges, airports, and other infrastructure and less in their people.
Meanwhile the Zambian Government through the Ministry of Finance has noted that it has put measures in place to improve on the aspect of human Capital in the country.
“There was a measure that was implemented with the budget for a training levy that is all meant to improve capacity, training, and all this”, says the Finance Ministry spokesperson Chileshe Kandeta.
Mr. Kandeta adds that over the past years, government has been supporting human capital development through provision of bursaries in tertiary institutions.