Human Capital Development in the Context of Globalization Processes: Regulatory Aspect

Abstract

The article defines human capital development components and their impact on the state’s competitive development. The study aims to determine Ukraine’s main human capital development directions in the conditions of post-war reconstruction. The study’s relevance is determined by the deterioration of human capital usage in Ukraine due to the war with Russia. Therefore, it requires effective changes in the human capital development policy by the state, enterprises, and individuals. The developed methodology determines the study’s novelty for analyzing the influencing factors on human capital. General scientific methods of cognition allowed us to identify the main elements of human capital impact. The correlation and regression analysis confirmed the hypothesis that human capital factors are population health, education, and information technology use. The analysis results show these indicators’ high levels of influence on the state development in the global environment. The results of the study show that human capital has an impact on economic growth. In Ukraine, the development of professional skills of the population and the use of information technology in production processes positively impact the economy. On the other hand, the population’s level of health negatively impacts economic development and requires health policy improvement. The discussion framework forms the development of human capital, considering the construction of public policy in this direction. The practical significance of the study lies in the possibility of its use in the process of developing a human capital development strategy at the state and enterprise levels.