Abstract

Goal: Based on the project called "Additional BRICS", this study aims to present an analysis on the topics Human Capital and Innovation, discussed at the X BRICS Summit, involving four countries – Argentina, Indonesia, Jamaica and Turkey – invited to participate in the Project which is intended for cooperation between emerging countries.
 Design/ Methodology / Approach: In this context, from the modeling of the indicators provided by the Global Human Capital and Innovation Reports, published annually by the World Economic Forum (WEF) and the World Intellectual Property Organization (WIPO), during the period from 2015 to 2017 an analysis of the performance of the invited countries was carried out with the methodological support of the TOPSIS (Technique for Ordering Performance by Similarity to the Ideal Solution).
 Results: The analysis of the results by the method, among the dimensions considered, highlighted Turkey in the Human Capital and Innovation issues, considering the global market.
 Practical implications: This study provides parameters for decision-making by executives and legislators in planning actions to fill gaps in these areas within these countries.

Highlights

  • The developing countries, as a result of the globalization process, began to worry about the production and development of advanced technology since they became the stock and quality of Human capital, as well as inventions and innovations, determining factors for the allocation of international capital (Czajkowski et al, 2013).In proportion to the financial investments in these countries, the demand for personnel trained to successfully handle foreign operations has increased (Tung, 2016).When, in 2001, economist Jim O’Neill, of Goldman Sachs Investment Bank, ideated the BRIC acronym, he referred to the emerging countries that pointed, that year, to an accelerated economic growth: Brazil, Russia, India and China

  • The modeling applied from the global indices of human capital and innovation allowed the greater perception of the context, as explained in the following graphs.Chart 2, contextualizes Argentina as a country that presents a welltrained workforce, compared to other countries

  • The development of this research has comparatively evidenced the positions of the countries Argentina, Indonesia, Jamaica, and Turkey in relation to their Human Capital and Innovation indicators in the global context, as they were invited to participate in the “Additional BRICS” Project, which brings the issues of new technologies and industrialization to discuss the cooperation between them and the current BRICS

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Summary

Introduction

The developing countries, as a result of the globalization process, began to worry about the production and development of advanced technology since they became the stock and quality of Human capital, as well as inventions and innovations, determining factors for the allocation of international capital (Czajkowski et al, 2013).In proportion to the financial investments in these countries, the demand for personnel trained to successfully handle foreign operations has increased (Tung, 2016).When, in 2001, economist Jim O’Neill, of Goldman Sachs Investment Bank, ideated the BRIC acronym, he referred to the emerging countries that pointed, that year, to an accelerated economic growth: Brazil, Russia, India and China. The BRIC question, developed by the economist, that the four countries would reform their political and economic systems to adopt global capitalism has been recognized until today (Chenget al., 2007) Lined up with this new economic perspective, since 2006 several Summits have been taking place between countries (Table 1), aiming to reach common points of agreement, both in relations between them, through bilateral agreements, and in the development of means to assist public and private institutions of their respective countries to better face the global market, such as the creation of the Network University in 2015 and the Plan for Cooperation in Innovation in 2017.Based on this discussion, Coulibaly et al (2018) postulate that policies aimed at innovation will promote trade agreements and sustain economic development in emerging countries.

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