Investing in People: New Directions in Developing Human Capital to Meet the Needs of a Dynamic Economy

摘要

The paper asserts that we are developing a new understanding of the role of human capital in the state's economy, the competitive position of industry, and in the development of individuals. It argues and provides examples of how the significant restructuring and rapid technological change under way in our economy means that the knowledge-based skills and adaptability of the work force will be an increasingly important element of our country's comparative economic advantage. The paper suggests how state policy makers can help promote the development of a public and private education and training system that addresses the full range of human resource requirements in today's economy.