An investment in the wrong kind of chips

Article Abstract:

Intellectual skills such as marketing and the development of human capital are becoming more important in comparison with practical skills such as factory management. Successful companies generally have a high proportion of intangible assets such as customer relationships and brand names compared with physical assets, and also place strong emphasis on the intellectual capital of their employees. The international trade in human capital will become an increasingly significant element in the globalization process.

Column, Human capital

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A trio of reasons for public ill temper

Article Abstract:

The UK's economic performance is becoming a lot more positive, with consumer spending at record levels and unemployment below the European average. However, ordinary voters still lack confidence about their own future and about that of the country as a whole. This is because new trends are affecting house prices, employers are being more realistic about the amount of job security they can offer and people feel less secure about the ability of the state to deliver services such as pensions.

Consumer confidence

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If we had no railways, we'd never invent them

Article Abstract:

It has become widely assumed that the railway network is a vital community service in the UK and that it must therefore be maintained through taxes. Few observers ever think to question whether the network is really needed at all. In fact, railways are a much less significant invention than the car or the plane, and are only really of use in urban transport and for services between large population centres.

Social aspects, Railroads

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