Question

Why would human capital be so important Israel

Answer 1

Answer:

to remain competitive

Explanation:

between Israel and other advanced economies in terms of labor productivity, income inequality and the incidence of poverty are some of the main challenges facing Israeli policymakers, said the Governor of the Bank of Israel Wednesday, while presenting the central bank’s 2017 annual report to the government.

An “essential part” of dealing with these challenges is “improving the human capital of the overall population and reducing the gaps among its various groups,” Karnit Flug said in a cover letter to the report. For that purpose, the overall education system should be improved to yield better student achievements, and there should be a concerted effort made to reduce the knowledge gaps between students from various population and socioeconomic groups and varied geographic backgrounds.