41.  Oddly, little mention is made of people, or the human capital aspect, inthe balance sheet of businesses.

42.  Our human capital resource is a vital national asset.

43.  Right now, the biggest challenge we have is not financial capital but human capital.

44.  The rate of return on investments in human capital is higher than before.

45.  This lends further support to the common sense idea that strategicoptimisation of human intellectual capital affect earnings.

46.  This will help pinpoint the areas where companies can reduce costs while maximising their human capital.

47.  It stressed that broad action would be needed to increase labour market flexibility, including a widening of wage differentials to provide better incentives for human capital formation.