ABSTRACT
As observed elsewhere in this book, those nations and states that have made investments in human resources have been rewarded with economic growth and higher standards of living. We know that the wealth of a nation lies in the proper mix of physical and human capital and both require cultivation and investment. If funding for human capital is inadequate, malapportioned, and unequal, then the nation or state suffers and underdevelopment is the result. The waste of human capital becomes a major source of economic inefficiency.
