Abstract
This article addresses human capital quality and development analysis under the digital transformation and economic changes effected by the COVID-19 pandemic. The primary goal of this study is to justify the theoretical and methodological provisions for developing an environment of innovation, assuring the digitalization of society through innovation activity of economic entities and human capital development by ensuring its quality under the COVID-19. The theoretical and methodological basis of the study involved the systematic approach, comparative method, statistical analysis. The foresight principles were applied for quantitative and qualitative monitoring of innovation and human capital policy measures through preventive work with information and official documents concerning the digital transformation, development of innovative economy, and human capital. In the study frameworks, the authors analyzed the scientific sources addressing the investigated topic. The search for relevant publications was conducted in the scientometric databases Google Scholar, Web of Science, EBSCO, and others. For comparing the frequency of search requests under the determined research keywords, this study involved the instruments of the online search engine Google Ngram Viewer. The sources of information are the European Union website and the State Statistics Service of Ukraine, analytical reviews, reports, and forecasts by leading consulting companies. Based on the treatment of the world forecasts and analytical reviews, the study determined the development directions of an innovative economy and human capital considering an educational and scientific policy. The main study results stated the necessity to improve the human mental capacity due to keeping the work and rest arrangements. Therefore, it needs pharmacological recommendations and other measures to improve mental capacity as key criteria for human capital quality. The study results were validated within the framework of expert discussions at scientific and practical conferences and round tables with representatives of leading enterprises and universities. The authors developed several proposals to deal with identified problems and challenges.
Highlights
Nowadays, the world’s innovative economies provide 70-90% of GDP, which depends on human capital quality
This study aims to substantiate the theoretical and methodological provisions of the environment of innovation, which provides social digitalization due to economic innovations and human capital development by ensuring its quality adequate to current economic conditions, including the COVID19 pandemic
− digitalization does not mean the automatic development of the digital economy
Summary
The world’s innovative economies provide 70-90% of GDP, which depends on human capital quality. Based on the analysis of 192 countries, the experts from the World Bank concluded that human capital provides at the average rate of 64% of total wealth, the physical capital 16%, and natural capital - 20%. In Germany, Sweden, Japan, the human capital ensures 80% of national wealth. In the case of the USA national wealth structure, production assets provide 19% of total wealth, natural resources – 5%, and human capital – 76%. In Ukraine, the share of national wealth provided by human capital is about 53% (World Bank, 2017). According to the World Bank, human capital
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