September 19, 2011
Human capital and future

This September, the problems associated with differential income over expenditure and overcoming the limits of reasonable ability to meet the debt debate and the search for alternatives. The solutions to current problems are not evident. Changing global economic cycle that began in 2008 was installed in societies, its impact to a greater or lesser degree, affects all groups, opening up new problems that require different solutions which have been applied to date. Emerging from the crisis requires applying the talent, vitality and effort that characterizes human beings, in order to find solutions to challenges facing the development and production models. A new situation in which people are the determining factor. Have high human capital endowment becomes the cornerstone for enhancing the present and the future backbone, this is an area known in advance, for this reason the leading countries invest significantly in increasing it. The United States spends about 6% in GDP, the EU around 5% as well as Japan. Unfortunately Spain is one of the countries of the EU invests less in training their citizens, while one of the countries where citizenship does not give the required value. School failure, over 30%, lack of recognition of scientists and their work are evidence. A fact not rooted in the debt crisis and the problem well from afar. In 2006 the EU to assess the processes and challenges associated with the Lisbon agenda, the failed roadmap aimed to make the European economy the most competitive in the world in 2010 - said that Spain ranks eleventh out of 13 countries analyzed with respect to total expenditure on education of citizens throughout their lives, a figure that incorporated 5 components: school, higher education, lifelong learning, learning in the workplace, and the expense of parents in educate their children at home. With these trends is not surprising that Spain has a low human capital assets, a fact also demonstrated before the start of the crisis for a study of the Zeppelin University in Germany, which stands at 78,000 - by person, a value only ahead of Ireland and Portugal with 77 000 and 69 000 euros respectively, much lower than in Sweden and Denmark with values ​​of 175 000 and 173 thousand euros. A figure that shows the gap between facts and words, as coinciding administrations, enterprises and social partners on the need to improve the intellectual capital of the state proceedings do not go in this direction, since not made Firm commitment to foster research and innovation, and especially those associated with increase, with a serious and massive human capital value. A fact that makes it difficult to meet the challenges associated with countries with a medium-high heat development, which must compete with their peers, with more developed countries do not underestimate the pressure they are developing. It’s time to assume fully that, in addition to the legislative framework which limits job creation and entrepreneurship, low human capital endowment influences the development of new initiatives such as the qualification of workers has become obsolete. The re-entry or the entry of workers into the labor market requires a thorough update their skills. The training becomes the true and essential investment in the future, for this reason we must be vigilant and demand a high capacity in management, as budget reductions facing education can not and should affect the educational process. Should we collectively assume that human capital is the key to the future, therefore, reach, efficiency is necessary to increase investment in training to emerge stronger from the crisis, framed in an international context, which is very competitive, the demands of society and the knowledge economy, and the tools and methods available. A training by increasing our equity in human capital will allow us to generate the resources required to repay inflated debts we have made, and ensure both progress and social justice. Antoni Garrell i Guiu Director de la Fundació per a l’ESDi