3 ms·
>>There's something more fundamental there that's causing problems than lack of education. Its called average quality of 'human resources' and a phenomenon res
by kamaal 9y ago
>>There's something more fundamental there that's causing problems than lack of education.
Its called average quality of 'human resources' and a phenomenon resulting from it called 'human capital'. The former is a long drawn phenomenon that takes several decades, may be even a >100 year effort to make it happen. That involves of course investing in at the level of the whole nation a lot of effort to build a peaceful society and a political framework that helps you run education and general reforms, to build a nation of people with chops to be at the top of any human endeavor.
Human capital is a resulting phenomenon that emerges from such a inertia. The US is the peak of holding the largest amount of human capital.
Human capital is the greatest of all natural resources you can have. No natural resource comes close to the value human resources are.