Boost for Dublin in human capital rankings

By Jonathan Crean.

Dublin has the best human capital in the world according to a recent report completed by the Economist Intelligence Unit.

The Liberties prevails in the quality of the educational systems and the entrepreneurial mind-set of the citizens – the two largest indicators in the human capital category.

Labour councillor, Rebecca Moynihan said the quality of education in the Liberties area has indeed risen in recent years.

“The quality of education is very high since DEIS (Delivering Equality of Opportunity in Schools), I think things have come on significantly,” she said.

The Government has recently rolled back plans to cut the number of teaching posts in DEIS schools.

Last year saw the launch of Fumbally Exchange, a non-profit  design and innovation hub just off Clanbrassil Street which is now home to more than 40 small businesses.

The entrepreneurial hub offers low-cost office space for small businesses and seeks to encourage members to collaborate on new projects.

Photo by David Drexler on Flickr.

Since its establishment in 2001, Dublin Institute of Technology’s Hothouse support programme has created 179 sustainable businesses, attracting over €90 million in equity investment and generating 1,055 new knowledge intensive jobs in the Liberties.

The report analysed the competitiveness of 120 cities based on their ability to attract capital, business, talent and tourists.

European and American cities dominate the human capital category of the index.

As well as education and entrepreneurship, the human capital category takes into account the size of the city’s working-age population and the ease in hiring foreign nationals.

Dublin ranked 27th overall in a list of the most competitive cities in the world.

New York was ranked as the most competitive city in the world, with London being the most competitive city in Europe.

Featured image by Tim Beech on Flickr.