Healthcare and education problems of Georgia in terms of human capital development

Abstract

The human factor acquires a more essential role and importance in the aspects of management, monitoring and activation of socio-economic processes day by day. This is possible to achieve the effectiveness of the socio-economic development of the country, according to a number of indicators: by increasing the specific share of specialists with a high level of professionalism in all spheres of government, by increasing the specific share of highly qualified labor of workers, by raising their level of education and by making the most of the potential of those persons who are involved in the formation of human capital. They participate in the accumulation-use system. The purpose of the study is to analyze the human capital development opportunities in the health and education sectors of Georgia, the level of knowledge of the human resources in the sector, thus this is and will be a decisive factor in the development of the sector. As well, we will study and describe investment and management problems in both fields, using the basic elements of human capital – healthcare capital and educational capital as an example. In the era of globalization, the demand for human capital is increasing. Innovative development of the country and industries is a long process. Healthcare and education are key elements of human capital and the backbone of innovative development. Therefore, the formation and development of competitive human capital, as the main factor for the activation of innovative processes in the country and sectors, its strengthening for achieving an effective level of economic growth and competitiveness should be a priority.