Article: A human capital policy for the cities.

A NEW NATIONAL administration has taken office, one of whose defining characteristics is its commitment to human capital investment, which it sees as crucial for the restoration of vigor to the American economy, the increase of good jobs for American workers, the effective competitiveness of the American economy in a world in which international competition and the openness of all markets to penetration from abroad is a new and somewhat frightening reality. In the view of the administration, and many others, investment in young people in school, in those who leave school prematurely, in those who even with high-school diplomas flounder from one inadequate job to another, in ...

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