The United States has posted more than 100 consecutive months of net job gains since the economic recovery began in 2010, making this the longest expansion in seven decades. Yet, for many, wage growth has lagged, leaving many families economically insecure. Meanwhile, job and economic growth continue to accrue in select corners of the nation,…

Human Capital development through education is a long time investment made by the state to enhance the well being of her citizenry. By investing in education, well educated individuals bring to bear their talents, knowledge, skills and experiences as they function in the various sectors of the economy. Human Capital development is therefore a…

Contemporary test-based reforms are often grounded in the claim that test performance is the key to international economic competitiveness. However, this oft-repeated assertion lacks empirical support. According to the World Economic Forum, the United States' recent loss of economic competitiveness standing is due to macroeconomic instability…

Human capital is a broad and multifaceted concept encompassing many different types of investment in people. However, the key aspect of human capital has to do with the knowledge and skills embodied in people. Human capital has always been an extremely important determinant of individual and social progress. In the present scenario, it is the…

Progress in educational development in the world since 1900 has been slow and uneven between countries. Providing basic education for all children in developing countries has been and remains an unmet challenge of governments and international organizations alike. This is in sharp contrast to recent findings in the economics literature on the…

The higher education in Nigeria has witnessed a tremendous growth in the last 50 years in terms of producing manpower that could bring about development. However, the problem of Nigeria today is not about human and natural resources, but how to translate the human potentials to meet the realization of its all round development and sustain economic…

Keeping our competitive edge in the world economy requires focused policies that lay the groundwork for continued leadership in innovation, exploration, and ingenuity. America's economic strength and global leadership depend in large measure on our Nation's ability to generate and harness the latest in scientific and technological developments and…