Haiti has a lower literacy rate (the percentage of those over 15 who can read and write) compared to other Latin American and Caribbean countries. Where does this low literacy rate fit into the factors that explain the wealth of nations

Question

Social Studies

Buchanan

5 June, 03:03

Haiti has a lower literacy rate (the percentage of those over 15 who can read and write) compared to other Latin American and Caribbean countries. Where does this low literacy rate fit into the factors that explain the wealth of nations

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Answers (1)

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Ariel West · Answer 1

It indicates that Hati is short on human capital

Explanation:

Human capital refers to the capacity that our human resources can achieve based on the collection of their talents and acquired skill sets.

Not having the ability to read will heavily damage your ability to acquire useful skill sets since the majority of it require a certain degree of reading.

When this happen to large portion of the country, the amount of human capital that the country able to obtain will be at the lower end. This will make them unable to efficiently accumulate enough wealth as a nations