There is no doubt that the labor markets and economies of modern societies have been confronted by a marked intensification of cross-border exchange between modern states that has attained a new and previously unattained quality over the past thirty years. In the economic and sociological literature, this development is usually labeled…

This article describes how a 169-page report "Tough Choices or Tough Times" by the New Commission on the Skills of the American Workforce affect the educational and economic stability of the United States. The report says, that the United States is losing ground in the global economy because the nation's education system is failing at…

Concern has grown that the United States is losing its competitive edge in science and technology (S&T). The factors driving this concern include globalization, the rise of science centers in developing countries such as China and India, the increasing number of foreign-born Ph.D. students in the United States, and claims of a shortage of…

The United States no longer has the best educated workforce in the world. To maintain its current standard of living and successfully compete in the global economy, the country needs to overhaul an antiquated education system that is not geared to produce the graduates it needs. In a new report, Tough Choices or Tough Times, the New Commission on…

Human capital--the productive capacity that is embedded in people--is one of the most important contributors to the growth in nations' output and standard of living. Globalisation and technological change have increased the importance of human capital in recent years, to the point that there are now only two options to sustain high profits and…