Best Investment Is in Human Capital, Says London School of Economics' Shafik

The video discusses the changing landscape of globalization and automation, highlighting the shift of manufacturing back to higher-income economies. It explores the risks of protectionism and its impact on global productivity and inflation. The importance of education and retraining workers is emphasized, with Denmark's Flex Security model presented as a successful example. The UK's productivity challenges are linked to education quality, and the need for investment in human capital is stressed to ensure a skilled workforce for the future.

What is the Flex Security system in Denmark and how does it benefit workers?

What are the long-term explanations for productivity issues in the UK as discussed in the text?

What suggestions are made for improving human capital investment?