Mexico drops four places in human capital

From position 65 to 69, due to low quality education and education level
Mexico City - File photo/EL universal
13/09/2017
11:04
Ivette Saldaña
Mexico City
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Mexico has dropped four places – from position 65 to 69 – in the Human Capital Index of the World Economic Forum (WEF).

According to the organization's ranking, the country's lower score is because only 61% of the human capital is being optimized. This condition has placed it in the tenth spot among the Latin American countries.

Low education quality, the education level of the average population, and participation ratio of the population in the labor market are the areas where Mexico underperforms.

The human capital potential developed in Mexico is in stark contrast with Norway's or Finland's, countries which are the top positions in the index, with 77%, and behind Switzerland, United States, Denmark, Germany, New Zealand, Sweden, Austria and Slovenia, countries ranked in the top ten, with a 70%.

Taking a look into Latin America, Argentina, Chile, and Bolivia are above 64%, which places them in the positions 52,53, and 54, accordingly.

According to the WEF report, Mexico needs to build “the human capital potential of their next generation. This requirement is the key to optimize the talent of younger generations.”

The report further details that the quality of primary education and the education system have plummeted it to position 104 out of 130, yet job recruitment and labor plant training compensate for it.

“Another challenge falls back on the wide generational gap in gender employment and the low participation of those between the ages of 25 to 54 years old in the workforce,” said the report.

For this study, the WEF considers four development areas of human capital: capacity, development, workforce deployment, and know-how.

The worst scores Mexico obtained were in development. The education system is ranked in place 92, while workforce deployment in 77; capacity scored enough points to achieve 61 place and know-how 48.

According to the information, there is a situation of loss of opportunities to find high-quality jobs and a lack of improvement in employees' skills, which leads to a situation of inequality.

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