In this era of global competition, human resources will play a decisive role in the battle for efficiency and competitive advantage, where nations and organisations with superior and quality-oriented human capital will soon outperform those with inefficient and quantity-oriented labour force. Rate of human capital formation will be more important…

Analyzes the increasingly global economy, stressing industrialized nations' interdependence, need to remain competitive, and consequent need for human capital development. Outlines educational reform strategies and compares U.S. and British reforms. Concludes British reforms attempt to increase access to education whereas U.S. reforms seek to…