INNOVATIVE ACTIVITY OF HUMAN CAPITAL

Abstract

The article discusses the transformation of the role of the human factor in the processes ofreproduction in an innovative and knowledge-based economy. An analytical comparison of the categories of humancapital and human potential was conducted. A new look at the social sphere is indicated, the importance of which inthe modern economy has grown and acquired new content as a conductor of investment flows that the governmentdirects to the development of human potential. The level of the national economy receives a macroeffect frominvestments in human capital, despite the fact that economists tend to ignore the instrumental value of suchinvestments, because the effect obtained by improving the quality of the population is too dispersed, manifested itselfafter a long time and is difficult to measure.The production potential of new technologies depends on the quality of training systems at the level ofqualification that they provide. Growth dynamics of modern innovation and information economy, both global andlocal, is not determined by a simple increase in production in all sectors, and that part which is generated by a varietyof innovative and qualitative changes in the production process of goods and services. Further intensification of theinnovative process in recent decades due to the formation of a new type of economic development based on thecontinuous change of the production base, and the nature of the products with the continuous creation offundamentally new technologies as well as new types of goods and services. In fact, mastering high-quality skills andexperience and improving them creatively becomes a necessary response to changes in production technology andrapidly changing requirements for quality and productivity. Education, health care, vocational training, the search foreconomically significant information, labor mobility, education and childcare are the main areas of “investment inhuman capital”.The core of the development of modern competitive countries is the availability of innovative systems andhuman potential that can support and develop these systems. Despite the conceptual incompleteness of the theory ofhuman capital, a causal relationship between the level of education, healthcare and mobility of human resources andthe level of competitiveness of the national economy is scientifically substantiated and recognized by theinternational community. Accordingly, it remains an indisputable fact that the improvement of the country's humanpotential occurs in the social sphere, for the activity of which the state bears full responsibility.