In the World Bank’s latest World Development Report, Serbia ranks 27th in the Human Capital Index (HCI) of 157 economies, World Bank expert Simeon Djankov said in Belgrade, at the official presentation of the report.
Serbia is right behind Belgium and Israel. By comparison, Serbia is ranked above other economies in the region – Macedonia (88), Kosovo (80), Montenegro (59), Bosnia and Herzegovina (58), Albania (56), Bulgaria (44) and Croatia (36).
This year’s report deals with changes in the nature of work resulting from the development of technology and human capital.
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The education that children in Serbia acquired in school and at home is quite competitive at international level, Djankov said.
Over the past five years, the IT sector and the services sector have seen the highest growth in terms of job creation and the number of travel agents has quintupled since 2014, he said.
Commenting on the media reports about Volkswagen setting up factory in one of the countries in our region, Djankov said that he hoped that the new plant would not be opened in Bulgaria because VW will not hire thousands of people to work in the plant, as reported, but only 1,000, since VW’s factories in other countries are fully automated.
The HCI index consists of five indicators – the likelihood that a child will live beyond the age of five, the expected number of years of schooling, harmonized results on tests as a measure of quality of learning, the percentage of 15-year-olds who will leave to be 60 years old, and the share of children who are not lagging behind in growth.
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