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THE SOCIAL-ECONOMIC ASPECT OF HUMAN CAPITAL IN MODERN GLOBALIZING ECONOMY

Annotation

The interpretation of the category of “human capital” representatives of different economic schools, a comparative analysis of these definitions is given. The considerable role of the educational level and advanced training in the development of human capital, which has a positive effect on the country’s economic growth. On the basis of theoretical concepts promising ways to improve the human capital in today’s global economy are given. Effective economic development depends on many factors, including the success of socio-economic policy. Along with the development of new approaches and mechanisms for the implementation of socio-economic policy is becoming a clear need for the development of the existing theories of human capital. Human knowledge and skills have no value until they are used in the production or business situation. Therefore, a modern economy requires constant updating of employee knowledge and improves their capabilities. Today, investment in human capital is becoming increasingly competitive field of both public and private investments. The conditions of formation of economy based on knowledge, intellectual capital becomes the foundation of the economic power of the state to define its place in a changing international division of labor.

Keywords

human capital; human capital theory; modernization of the economy; globalization; knowledge economy; continuing education

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UDC

338.24.021.8(082)

Pages

129-136

References

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Received

2015-08-03

Section of issue

Applied aspects of economics and management of national economy

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