What role do education and human resources play?
A. Nandan Nilekani. A huge one; in the long term, human capital is the one that really makes a difference: it is the source for innovation, the key to a countrys progress. One of the main challenges of oil producing countries is that the crude oil generates so much money that human capital is not such an important investment for them. In India we import between 50,000 and 70,000 million dollars in oil every year, which is paid with what we earn exporting our services and what we obtain through the people who have gone abroad and send money home. So that, in a certain way, human capital is paying the oil bill. Francisco Gonzlez. Countries which do not have a good educational system are doomed to drop out of the system. In Spain we have to think a little more about that, we have to realize that giving people more education should be a priority. Statistics of the PISA report show that we are below where we should be and I think the central and the autonomous governments should face that.
