Closing global human capital gaps leads to more efficient economies.
The article examines how different regions are working to improve their human capital and how long it will take for developing countries to catch up with industrialized nations. It also looks at how human capital contributes to economic growth by affecting employment growth and total output per worker. The study suggests that as human capital increases, the economy becomes less reliant on labor, leading to higher economic growth. This highlights the important connection between human capital and the job market.