It is then clear that it is vital for our economies that we exploit the skills and capabilities of our students in order to improve competitiveness and vigour of the firms which offer these students work, or which the students themselves will go on to set up.
Innovation and human capital are all the more important the closer a country is to the technological frontier, and, in order to grow, a country has to know how to innovate. In the 1950s and 1960s, growth meant learning how to use and replicate well-known technology. This is no longer enough.