But this is not sufficient: a more complex and comprehensive definition of “human capital” should be endorsed. In the 21st century, the traditional classroom method where knowledge is imparted passively from teacher to students is no longer enough. Today’s citizens are required to develop and continuously refine a large arsenal of both cognitive and non-cognitive skills.
They need to be able to search for specific information in the ever-growing digital ocean that is the internet, recognize the quality of this information and process it critically. To adapt to the modern and more flexible model of business organization, the workforce must develop soft skills such as problem-solving attitudes, teamwork, effective communication and negotiation.