Switzerland is home to one of the world's most thriving economies and also one of the happiest populations on the globe. So what's the Swiss secret sauce? The tiny, landlocked central European country is known for investing in its people. In fact, according to the World Economic Forum's 2013 Human Capital Report, Switzerland invests more in the health, education and talent of its people than any other country in the world.
"Switzerland is a very small country with a small population, and it actually has very few natural resources," Saadia Zahidi, Senior Director of the World Economic Forum, tells The Huffington Post. "The biggest resource it does have is people, and that's what it's been investing in for quite some time. It's led to an economy that is competitive, highly innovative, and has adopted technology fast."
Leveraging the skills and talents of its people is key to the future of any country or institution, and will determine how prepared a country is to face the demands of a competitive global economy, the WEF Human Capital Report explains. WEF's comprehensive index examined 51 indicators to determine how various countries invest in their people, and how they're leveraging those investments in terms of productivity and a robust economy.
"Countries that invest in human capital end up getting returns in terms of economic growth," says Zahidi. "And then countries that have that economic growth are able to reinvest further in human capital. So you have this virtuous cycle that's established." Full story...
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"Switzerland is a very small country with a small population, and it actually has very few natural resources," Saadia Zahidi, Senior Director of the World Economic Forum, tells The Huffington Post. "The biggest resource it does have is people, and that's what it's been investing in for quite some time. It's led to an economy that is competitive, highly innovative, and has adopted technology fast."
Leveraging the skills and talents of its people is key to the future of any country or institution, and will determine how prepared a country is to face the demands of a competitive global economy, the WEF Human Capital Report explains. WEF's comprehensive index examined 51 indicators to determine how various countries invest in their people, and how they're leveraging those investments in terms of productivity and a robust economy.
"Countries that invest in human capital end up getting returns in terms of economic growth," says Zahidi. "And then countries that have that economic growth are able to reinvest further in human capital. So you have this virtuous cycle that's established." Full story...
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