Evaluation Of Mechanism Of Managing A Regional Development Based On Human Capital

Abstract

Regional development in modern conditions is impossible without the effective formation and use of human capital in the region, which can ensure the competitiveness of the regional economy, ultimately, a qualitatively new standard of living for the population of the region. In this regard, the development of an effective mechanism of managing the socio-economic development of the region using human capital is a topical issue. In the article, the author proposed the definition of a ²mechanism of managing regional development². In contrast to the existing approaches, we suggested considering the management of the socio-economic development of a region through the effective use of human capital from the standpoint of matching the interests of regional government bodies, business and society. The developed mechanism of managing regional development is based on a new management paradigm, the priority of which is to realize the fullest use of the potential of human capital in the region and harmonize the interests of the region (socio-economic effect) of society (improving the quality and standard of living of the population of the region) and business (minimizing costs and maximizing profits). This article also presents the results of testing the methodology for the effectiveness evaluation of the mechanism of managing regional development using human capital.