Highly developed human capital will be the source of comparative advantage in the twenty-first-century global economy. America's human capital development system—K-12, postsecondary training, higher education, and on-th-job learning—has severe problems that must be corrected if the nation is to compete effectively. Nationally benchmarked standards to measure the educational performance of our students is the best way to proceed.
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Theodore Hershberg (1996) studied this question.
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