21. Human capital, like financial capital, flows to the places where it can obtain the highest returns.
22. Most economists argue that such development of human capital is critical to economic growth over time.
23. On economics, they mean a focus on growth and on investing in human capital rather than redistribution.
24. Perhaps the biggest difference caused by the break with Marxism-Leninism is the end of the tremendous waste in human capital.
25. Still, the dependence on human capital is likely to be a hindrance over all.
26. The Bank faulted India for failing to strike the right balance between subsidies and investments in infrastructure and human capital.
27. The World Bank faulted India for failing to strike the right balance between subsidies and investments in infrastructure and human capital.
28. With Gary Chamberlin, he showed how the idea of human capital could be used to assess the effect of schooling on the labor force.
29. But holding human capital constant, endogenous growth theory may also predict convergence.
30. But it started out with a wealth of human capital.