Unlocking Human Capital Potential in Kuwait as Global Actor in the Knowledge Economy

In the new knowledge economy, wealth is based on the knowledge acquired and its use, not on material factors of production, given the fact that nearly two thirds of global wealth is currently generated from human capital accumulation. However, the contributing share of human capital to wealth in Kuwait is estimated at merely 24%. In this context, Kuwait needs to significantly increase its efforts to accelerate the process of human capital accumulation, while also unlocking its human capital potential towards the knowledge economy.