LEADER 02679cam a22004335i 4500001 99131234272406421 005 20200912162010.0 006 m d 007 cr cn||||||||| 008 020129s2020 dcu o i00 0 eng^^ 024 7 10.1596/34207 |2doi 035 (CKB)4920000001209730 035 (The World Bank)34207 035 (US-djbf)34207 035 (EXLCZ)994920000001209730 040 DJBF |beng |cDJBF |erda 100 1 King, Elizabeth. 245 10 Building Human Capital : |bLessons from Country Experiences - Philippines / |cElizabeth King. 246 Building Human Capital 264 1 Washington, D.C. : |bThe World Bank, |c2020. 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 347 data file |2rda 490 1 Other papers. 520 3 Human capital is the Philippines' most important resource. Two examples of its benefit to the country: remittances from skilled and semi-skilled workers who work abroad amount to about 10 percent of its GDP, and it is one of the top destinations for foreign enterprises seeking educated workers for outsourcing their business processes. However, the Philippines has been losing its human capital edge over the past decades, with critical gaps in access to social services and in the quality of those services. In 2018, its rating on the Human Capital Index, a composite measure based on survival rates, the quantity and quality of schooling, and health status, was 0.55, putting it just ahead of Indonesia but well below Malaysia, Thailand, and Vietnam. Within the past decade, the Philippines adopted an ambitious national social agenda that, if implemented well, funded adequately, and monitored assiduously, could put it back on a more robust human development path. All efforts should be made, however, to safeguard this promising agenda from the implementation problems that evidence suggests have subverted the country's past performance, weak governance, selfish political interest, and widespread corruption. Sound policies won't lead to progress unless they are implemented well across the agencies and levels of government. 650 4 Access and Equity in Basic Education 650 4 Early Child and Children's Health 650 4 Early Childhood Development 650 4 Education 650 4 Education Finance 650 4 Health Economics and Finance 650 4 Health, Nutrition and Population 650 4 Human Capital 650 4 Inequality 650 4 Nutrition 650 4 Population Growth 650 4 Public-Private Partnerships 650 4 Tertiary Education 830 0 Other papers. 830 0 World Bank e-Library. 906 BOOK