Human, natural, and physical capital assets are a country's main resources for growth and welfare improvements. Their distribution, growth and productivity largely determine people's income and welfare. The poor rely on human and natural capital in addition to physical capital, so the...

No country has achieved sustained economic development without substantially investing in human capital. Previous studies have shown the handsome returns to various forms of basic education, research, training, learning-by-doing, and capacity-building. But education by itself does not guarantee...

Intro -- Contents -- Foreword -- Preface -- The Report Team -- Overview -- A Mixed Development Record -- Assets, Growth, and Welfare -- Improving the Distribution of Opportunities -- Sustaining Natural Capital -- Dealing with Global Financial Risks -- Governance and Anticorruption -- Seizing the...