Priorities for investments in education differ across countries. Developing countries require more attention to early childhood development because poor nutrition at a young age has life-long implications for educational attainment and the ability of the poor to get better paying jobs and, ultimately, break the intergenerational transmission of poverty. In high-income OECD economies, emphasis is needed on ensuring that children of disadvantaged groups attend pre-school as a means to improve their advancement in life.
Well-designed safety nets can play a pivotal role in fostering inclusive human development. In some middle and low-income countries, safety nets assist the poor and vulnerable, redistribute the gains from growth, and enhance the ability of the poor to benefit from economic development. In developed countries, social protection systems are inclusive and efficient if they operate in tandem with employment policies, in particular if they promote employment of young and older workers.
Ensuring environmental sustainability is vital and all countries face challenges from natural resource depletion, ecosystem degradation and pollution, and climate change. When carefully designed, green growth strategies can tackle these challenges by improving the management of natural resources, reducing pollution and emissions, increasing resource efficiency, and strengthening resilience.
“These three elements of investment in human capital, safety nets, and environmental sustainability are at the core of any country’s development strategy as well as fundamental to the achievement of the WBG twin goals, the MDGs, or the Sustainable Development Goals expected to succeed the MDGs,” said Jos Verbeek, Lead Author of GMR 2014/2015.
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Source: The World Bank.