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After five years in office, World Bank Group President Jim Yong Kim, addressing the World Bank Group annual meeting in Washington on Oct. 13, said: "We always knew that investing in people is the right thing to do; now we're learning that, economically, it may very well be the smartest thing to do". His action-oriented speech defended human capital as a main driver for economic prosperity and a key development priority for the world. Kim added that there is new evidence today proving that investing in human beings is "far more powerfully correlated with economic growth than we ever thought," revealing a study by a group of economists at the WBG, illustrating the profound relationship between economic growth and development of human capital. He said "human capital" is a pathway to eliminating poverty and boosting national wealth compared to the traditional "capital" used to grow economies. The study Kim presented examines the deep association between human capital and economic growth over the last 25 years. In a changing world, what are the best ways for us to learn?
The cycle of poverty and violence
traditional notions of poverty
G-20’s journey: from Osaka
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