The level of national competitiveness and the role of human capital in the creation of competitive advantage

Abstract

The new economy is organized around global networks of capital, management and information, which is based on technology. In this dynamic and growing international trade and the emergence of aggressive competition in the competitive and global market changing rules of the game and the positions which certain factors are in creating a competitive advantage in the global market. Technological development, innovation, knowledge and skills have become crucial factors for the development of an economy and its companies. Proper management of human capital is a direct source of improving quality and productivity at work, and with it the competitiveness of the most important prerequisite for achieving this goal is quality education. Investing in people and skills is essential, because it is the only way to preserve and improve competitiveness advantage. The need for continuing education caused great dynamism of modern society, the rapid technical and technological development, especially ICT, which requires the creation of new knowledge and skills, as well as creating new occupations, but at the same time that resource must be continually developed and improved.