Nov 22, 2017 Last Updated 1:22 PM, Nov 22, 2017
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Malawi Poor At Developing Human Capital

Malawi has been ranked 109th on the World Economic Forum’s Global Human Capital Index Malawi has been ranked 109th on the World Economic Forum’s Global Human Capital Index Image sourced at gettyimages.com
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Malawi has been ranked 109th on the World Economic Forum’s Global Human Capital Index.

This is a measure of the skill set of individuals, in this case, in different countries, and how much is being done to develop such skills.

The Global Human Capital Index 2017 ranks 130 countries on how well they are developing their human capital.

Human Capital in this case refers to the knowledge and skills people possess that enable them to create value in the global economic system.

The countries are rated on a scale from 0 to 100, where zero is the worst and 100 the best, in terms of capacity, deployment, development and know-how.

Capacity, in this case, refers to the Level of formal education of younger and older generations as a result of past education investment.

On this, Malawi scores 48.16%, against a top score of 84.85, ranking 108.

On Development, which looks at the formal education of the next-generation workforce, among other issues, Malawi scores 42.93% and ranks 122nd.

The best score and ranking for Malawi is on deployment, which mainly looks at the application of skills, at 75.52%, and a rank of 15.

But this show of progress is trounced by know-how, that is, the Breadth and depth of specialized skills use at work, on which Malawi scores 42.68, and ranks 117.

Malawi has an overall score of 52.32 percent, with the best performer, Norway, scoring 77.12, and the poorest, Yemen, with 35.48%.

The forum releases these reports to support governments, businesses, education providers and civil society institutions in identifying key areas for focus and investment.

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