Human Capital Formation Research Articles

The Impact of Child Labour on Human Capital Formation in Nepal

The Impact of Child Labour on Human Capital Formation in Nepal

Social Violent Event in Childhood and Human Capital: The Long-Run Effect of Exposure to the Gwangju Uprising in Childhood in South Korea

This study examines the impact of social violent events in childhood, such as the Gwangju Uprising, on the development of human capital. Specifically, it analyzes how exposure to the Gwangju Uprising during childhood influences educational attainment in adulthood using the difference-in-differences method. The results of the analysis indicate that exposure to the Gwangju Uprising had a negative effect on educational attainment. While there may be some confounding factors that could introduce biases, their magnitude is not significant enough to invalidate the finding that exposure to violence has a detrimental impact on human capital formation. Furthermore, the study explores whether the negative effects observed are due to mental health issues, such as trauma, or the erosion of social capital, by evaluating the intensity of exposure to violence. The findings suggest that the latter is more likely to be the underlying cause of the negative effects, rather than mental health problems.

Identification and Use of Latent Variables in the Analysis of The Effects of Certification on Cocoa Farms in the Transamazon

Objective: The goal of this research was to identify and to analyze the effects of certifications on the value-adding in all links of cocoa supply chain, with special focus on the productive efficiency, training and inclusion of human capital, and the use of good sustainable practices. Theoretical framework: We applied the Inclusive and Sustainable Value Chain concept and the Reverse Asymmetric Information theory in the analysis of certification, premium pricing formation and the management of cocoa farms in the Trans-Amazonian region. Exploratory Factorial Analysis (EFA) was used to identify the latent factors or variables associated with the effect of certification to improve the life quality of cocoa producers. Results and conclusion: Female management of the farms was 20%, which was consistent with the reality of family farming in the state of Pará. The EFA identified four latent variables, which explained 77.059% of the total variance of the data. To explain the reality of the certified cocoa farms of Transamazon region, the latent variables Productive Efficiency, Human Capital Formation, Certification Power and Certified Farm contributed to 22.054%, 21.63%, 17.03% and 16.35% respectively. It is concluded that certification improved productive efficiency and human capital formation in the activity but was unable to prevent deforestation. Research implications: The effects of certification on the cocoa farms analyzed have led to progresses in human capital formation and productive efficiency through good crop management practices and improvements in working conditions. However, limitations on livelihoods, labor recruitment, access to credit, and reduction of deforestation remain. Premium pricing is the variable that must be adjusted to increase the efficiency and effectiveness of certification in differentiating products and inserting them into global food chains. Originality/value: According to 68% of respondents, the premium pricing paid for cocoa does not compensate all social opportunity costs and ecosystem services of the standing forest, which limits the effectiveness of certification in meeting the needs and well-being of producers, the preservation of biodiversity and greenhouse gas emissions.

ВПЛИВ ЦИФРОВІЗАЦІЇ НА ФОРМУВАННЯ ЛЮДСЬКОГО КАПІТАЛУ: ВИКЛИКИ ТА МОЖЛИВОСТІ

The accelerated digitalization of socio-economic processes creates an unprecedented dialectical unity of challenges and opportunities in human capital formation, necessitating a rethinking of approaches to its development. The aim of the research. Theoretical and methodological substantiation of digitalization's impact on human capital formation through systematization of scientific views' evolution and development of an assessment matrix for enterprise digital maturity influence. The subject of the research. Processes of human capital formation and development in the context of digital transformation of economy and society. The methods of the research. The methodology is based on a dialectical approach to analyze the unity of digitalization challenges and opportunities, a systematic approach to examine digital maturity, comparative analysis of international experience, and a matrix approach to assess digital maturity impact. The hypothesis of the research. Enterprises with higher levels of digital maturity create a more favorable environment for human capital development through effective utilization of digital technologies. The statement of basic materials. The dialectical unity of digitalization challenges and opportunities has been revealed. The periodization of human capital concept evolution identified stages from economic resource to hybrid intelligence paradigm. The proposed matrix enabled identification of nine scenarios of interaction between digitalization level and human capital development. The originality and practical significance of the research. A matrix approach for evaluating the relationship between organizations' digital maturity and human capital development is proposed. The matrix serves as a practical tool for diagnostics and determining human capital development directions. Conclusions and perspectives of further research. The stages of human capital concept development have been established, and the necessity of a systematic approach to digital transformation management has been proven. Further research will focus on empirical verification of the matrix and development of methodological tools for assessing investment efficiency in digital competencies development

АНАЛІТИЧНИЙ ІНСТРУМЕНТАРІЙ ОЦІНКИ ТА ПЛАНУВАННЯ ДОХОДІВ ПІДПРИЄМСТВ СФЕРИ ДЕВЕЛОПМЕНТУ НЕРУХОМОСТІ

The accelerated digitalization of socio-economic processes creates an unprecedented dialectical unity of challenges and opportunities in human capital formation, necessitating a rethinking of approaches to its development. The aim of the research. Development of scientific and theoretical provisions and practical recommendations for the formation of effective analytical tools for assessing and planning the revenues of real estate development enterprises in conditions of uncertainty and dynamism of the market environment. The subject of the research. Theoretical and methodological principles and applied tools for assessing and planning the revenues of real estate development enterprises. The methods of the research. The research is based on the synthesis of process and system approaches, the use of econometric methods, financial analysis, mathematical modeling, optimization methods, and decision theory. The hypothesis of the research. The implementation of comprehensive analytical tools that integrate diagnostic, prognostic, and optimization blocks allows increasing the efficiency of revenue management of development companies. The statement of basic materials. The author's interpretation of the revenues of a development company as a multi-level system of monetization of created added value is proposed. A multicomponent architecture of revenue formation and comprehensive analytical tools, including three interrelated functional blocks, have been developed. The originality and practical significance of the research. An innovative approach to the formation of analytical tools for managing the revenues of development companies has been developed, which provides a synergistic interaction of diagnostic, prognostic, and optimization blocks through a single information and analytical system. Conclusions and perspectives of further research. The necessity of an integrated approach to managing the revenues of development companies is substantiated. Further research is aimed at empirical approbation of the developed models and their adaptation to the specifics of different segments of the real estate market

Education and land inequality: Evidence on Colombia land tenure and human capital formation

ABSTRACT This article provides new evidence for the effects of land inequality on human capital formation using the case of Colombia in the first half of the twentieth century. The paper studies this causal effect by exploiting a new historical database and creating a measure of land tenure based on subnational taxable land. The analysis applies multiple empirical strategies to demonstrate that low levels of land inequality are related to growth in literacy rates and better performance in variables such as enrolment and expenditure on education. Additionally, we analyse the relevance of the mechanism behind this relationship by identifying the effects of educational supply and demand through the heterogeneous impact on gender, rurality, and industrial employment. The results show that the demand side is prominent. The findings are in line with growing evidence of the perverse effects of land inequality on the formation of human capital in inegalitarian, poor, and rural societies.

Embarazo no intencionado y deserción universitaria en Chile; una relación desigual en la construcción de capital humano

Tema (llenar solo si las ponencias estan agrupadas por tema) Salud con enfoque globalizado a temáticas emergentes (cambio climático, sindemia global, vacunas, disidencias sexuales, racismo, capacidades diferentes: motoras, cognitivas, salud mental, Inteligencia artificial) Introducción Las oportunidades de educación superior femenina han aumentado notablemente en Chile, principalmente por la gratuidad. En 2019, el 24, 6% de los 210.367 de nuestros nacimientos, fueron en mujeres de 15 a 24 años, grupo etario en educación secundaria y superior. La maternidad temprana presenta desafíos significativos pues implica aumento en el trabajo no remunerado dedicado al cuidado de los hijos. Esto puede dificultar la finalización de los estudios universitarios sin adecuaciones curriculares. Así se perpetúan brechas de género para inserción laboral y salarios. Objetivos Identificar barreras institucionales para la retención de universitarias con maternidad, en ausencia de medidas de conciliación para responsabilidades de cuidado y exigencias académicas. Metodología Estudio cualitativo deductivo con análisis de contenido. Se realizaron entrevistas en profundidad a 9 mujeres de Santiago que cursaron estudios superiores con embarazo no intencionado o tenían hijo/a menor de 2 años entre diciembre del 2022 a febrero del 2023. Se contó con los resguardos éticos pertinentes (autorización del comité ético-científico institucional Universidad Mayor Folio 0306). Resultados principales Cambio de uso del tiempo y del consumo diario. Las participantes indicaron que antes de ser madres dedicaban 9 horas diarias a sus estudios. Tras el parto, su tiempo disminuyó a 3 horas debido a las responsabilidades de cuidado del hijo, que demanda entre 11 y 14 horas diarias. El aumento de los gastos fue de 114 mil a 227 mil pesos mensuales, debido a necesidades adicionales como leche maternizada, consultas médicas y pañales. Lo mencionado puede llevar a la deserción de la carrera y a la búsqueda de ingresos en el mercado laboral informal. Priorización de actividades de cuidados sobre el avance curricular. Los testimonios indicaron que las redes de apoyo y guarderías subvencionadas son cruciales para mantener a las universitarias en carrera. La detención del programa de estudios varió, desde ningún semestre en 2 estudiantes que se embarazaron el último año de carrera hasta seis semestres en 4 casos, 3 participantes abandonaron definitivamente la carrera tras el parto. Las participantes declararon que la falta de adecuación curricular y la discriminación de docentes contribuyeron a la decisión de congelar. Conclusiones Se refleja la necesidad de generar políticas que acompañen a las madres a completar sus estudios superiores para luego integrarse efectivamente al mercado laboral, interrumpiendo ciclos de inequidades de género.

The role of education in the formation of human capital

The article is devoted to determining the role of education in the management of human resources, in their qualitative formation. The authors consider in detail the principles of the concept of human capital, which create the basis for its economic development and labor productivity, it is knowledge, skills, experience and qualification. The authors conducted a review of the literature of foreign and domestic authors on the emerging principles of the concept of human capital, revealing the relationship between learning and adaptation, between health and labor productivity, as well as social ties and networks that affect success in labor and social activities. The study analyzes the literacy level of the population of Kazakhstan, which shows the degree of possibility of realizing the country’s potential. The analysis of literacy and assessment of the level of education of the country’s population was presented in the context of regions, which allowed to identify the existing problems in obtaining education and professional competencies in the regions. As a result, the authors concluded that human capital plays a critical role in the development of the economy and society as a whole. Investments in education help to increase labor productivity, promote innovative development and improve the quality of life.

A disaggregated ARDL analysis of capital formation on economic growth in Nigeria: evidence from the endogenous growth model

This study has investigated the disaggregated impact of capital formation on economic growth in Nigeria over the periods of 1990 to 2021 sourcing its data from the 2022 Central Bank of Nigeria Statistical Bulletin and 2023 World Development Indicators. Specifically, it examined how, and to what extent, gross capital formation, government recurrent expenditures on education and health, foreign direct investment, gross domestic savings, and domestic credit to private sectors have impacted economic growth in Nigeria. It used the Phillip-Perron, Kwiatkowski-Phillips-Schmidt-Shin, and the augmented Dickey-Fuller unit root test to ascertain the order of integration among the series. Consequently, through the Auto-Regressive Distributed Lag bound testing technique, the study found that in the long run, the disaggregated physical and human capital formation had a significant positive influence on economic growth. In the short-run, however, government recurrent expenditures on education, foreign direct investment, and domestic credit to private sectors had a significant impact on economic growth while other variables did not significantly cause economic growth. Thus, in conclusion, the study suggests policy recommendations to boost human capital through education, health, and credit access, while addressing high interest rates.

Problems of Migration in the Process of Development of National Human Capital

Abstract External migration in modern economy causes asymmetry in the formation of human capital and its development. One of the most significant aspects of this asymmetry is the migration of high-skilled human capital with high indicators of intellectual abilities. Negative aspects of such migration are much more that the level of profitability of the working in another labor market. Migration itself implies costs, as an emigrant invests in moving, searching for information about labor markets abroad, learning or improving a foreign language. All of them can be characterized as costs of migration, which are sacrificed for the sake of obtaining a more profitable, highly paid job in the future. These processes take place in the companies too. Human capital begins to act as a component of competition in the national economy, as an employee migrating from one firm reduces its potential, but at the same time increases the potential of another firm. In the international sphere, the asymmetry of costs of formation and realization of human capital associated with migration becomes even more serious, as it affects macroeconomic performance and competitiveness of countries.

THE FORMATION OF HUMAN CAPITAL IN RURAL AREAS BY MEANS OF EDUCATION

Introduction. Human capital is a key factor in the economic development and social progress of a society. According to the theory of human capital, investments in education, health, culture, and other areas that contribute to the development of an individual’s abilities and potential lead to increased labor productivity and economic growth. The formation of human capital in rural areas is particularly important due to the specific challenges posed by social and economic conditions, infrastructure levels, and the accessibility of educational services. Methods. The research employed methods such as system-structural and comparative analysis, monographic analysis, social and economic analysis, and statistical data processing techniques. Results. One of the greatest challenges in forming human capital in rural areas is the limited access to quality education. To address this issue, it is necessary to develop and implement effective strategies for educational development in rural areas. This can be achieved by establishing modern educational institutions, enhancing the qualifications of teachers, introducing modern teaching technologies, and developing distance education systems. An important component of this strategy is the attraction of investments in rural education. A key role in the formation of human capital in rural areas should be played by sound government policies aimed at eliminating disparities between education in urban and rural areas. Discussion. Future research on this topic should include an analysis of the role of education in developing entrepreneurial skills, as well as an in-depth examination of national and regional education policies that support rural education. The role of public and local organizations in the formation of human capital in rural areas should also be explored. Keywords: human capital, rural areas, education, labour potential, government policy.

ОСОБЕННОСТИ ФОРМИРОВАНИЯ И РАЗВИТИЯ ЧЕЛОВЕЧЕСКОГО КАПИТАЛА В АГРОПРОМЫШЛЕННОМ КОМПЛЕКСЕ РОССИЙСКОЙ ФЕДЕРАЦИИ

The article presents the main indicators of the development of the agro-industrial complex of the Russian Federation for 2013-2023. The reasons for achieving such indicators in the agroindustrial complex are determined. The main purpose of the scientific article is to consider the theoretical and methodological foundations of human capital management, analyze current approaches in human capital management, determine the level of development of human capital components and the very role of the human capital management system for the effective functioning of the agro-industrial sector of the Russian economy. To achieve this goal, the article identifies the specific features, conditions and factors of the formation of human capital indicators in Russia, which are considered from the point of view of a comparative analysis of the advantages and disadvantages of methodological approaches to human capital management in the agro-industrial complex of the Russian Federation. The article also proposes to consider the author's cybernetic (digital) model for the formation of balanced human capital in the agro-industrial complex of the Russian Federation, which can help accelerate the development of human capital indicators by creating conditions for global information exchange and professional development. The approaches and views considered in the formation of human capital allow us to focus attention and point out the special role of human capital in the development of agriculture. The obtained research results make it possible to summarize the existing trends in the development of human capital in the agro-industrial sector of the country's economy and supplement them with new theoretical knowledge about it, which can be useful for subsequent scientific activity in the formation of innovative conceptual.

Роль человеческого капитала малых форм аграрного производства в развитии органического сельского хозяйства

Based on a critical review of domestic and foreign scientific publications, insufficiently studied problems are identified and the relevance of the study of the dependence of the spread and development of organic agriculture in small forms of agricultural production on their human capital is substantiated. The author's definition of the concept of “organic agriculture” is formulated, its interrelationships with sustainable development are established. Based on the analysis of the production of organic products in the country and in the world, global trends in the development of organic agriculture have been identified. Within the framework of the research, the influence of elements of human capital (capital of health and longevity, intellectual and social capital) on the spread and development of organic agriculture has been established, and the possibilities of its promotion in small forms of agricultural production have been formulated. The results of a questionnaire survey of representatives of small forms of agricultural production in the Zaporozhye and Kherson regions confirmed the factors formulated during the study that promote and hinder the spread of organic agriculture in them, and also justified the main directions of its development. The influence of the development of organic agriculture on the formation and use of human capital of small forms of agricultural production has been established, and the main directions for its further formation have been proposed. The prospects for further research are outlined — the development of an organizational and economic management mechanism for small forms of agricultural production aimed at improving the quality and increasing the efficiency of using their human capital.

Gender-neutral vs gender-specific education subsidy: effects on schooling and earning inequality

PurposeDeveloping countries are characterized by gender wage inequality that can be largely attributed to gender-based disparities in education. Education subsidy can be an effective tool for reducing the inequality in human capital formation. However, the parents’ decision in response to the subsidy is a crucial determinant of gendered inequality in schooling and earnings. The paper aims to examine the effects of gender-neutral and gender-specific education subsidy policies on the gendered differences in schooling and earnings.Design/methodology/approachA three-sector full employment general equilibrium model is developed, where the amount of schooling of children is determined by the intertemporal utility maximizing behaviour of the parents over two periods.FindingsThe results indicate that higher gender-neutral education subsidy may raise the amount of schooling of boys more than girls and aggravate the schooling inequality in a society with traditional gender norms; the effect on earning inequality depends on the relative gendered returns to education and the marginal effects of the subsidy on relative schooling levels. However, gender-specific subsidy policies raise female schooling, thereby narrowing gender-based schooling and are likely to favourably affect the earning inequality.Originality/valueThe paper tries to analyse the linkage between education and labour market within a gender dimension. On the one hand, it tries to explain parental schooling decision due to gender-neutral and gender-specific education subsidies, and on the other, it examines the effects of these two subsidy policies on gendered schooling inequality and gender earnings inequality in a dynamic model.

УПРАВЛЕНИЕ ЧЕЛОВЕЧЕСКИМ КАПИТАЛОМ В СОВРЕМЕННОМ ОБЩЕСТВЕ: КАК ИНВЕСТИРОВАТЬ В СЕБЯ И СВОЕ БУДУЩЕЕ

One of the main tasks of modern society is to increase the level and quality of human capital. Human capital influences not only the competitiveness of a particular person, but also the level of well-being of the entire country, the competitiveness of the economy and the prospects for its development. Globalization and digitalization not only influence the formation of human capital, but also determine new components of its development. In accordance with this, the subject of research is current trends in the development of human capital. The purpose of the study is to determine the opportunities and limitations for the development of human capital in the modern labor market. In accordance with the stated goal, the article examines the features of the formation and development of human capital, identifies factors influencing the transformation of labor functions in modern conditions and determines the prospects for the development of human capital.

Теоретичні засади розвитку людського капіталу сільських територій

This article studies the theoretical foundations of human capital development in rural areas. The article aims to analyze and improve the existing theoretical and methodological framework regarding the formation of human capital in rural areas and to substantiate potential directions for developing human capital in rural territories. The article thoroughly analyzes the key problems of human capital development in rural areas. A review of the literature sources allowed for the substantiation of economic, managerial, ecological, infrastructural, medical, social-demographic, educational-cultural, gender, and social barriers significantly hindering the formation and development of human capital in rural areas. The research shows that the systematization of factors restricting human capital development enabled the identification of the most critical issues for further development of recommendations to overcome them. It is determined that to overcome the barriers to the formation and development of human capital in rural areas, comprehensive measures must be implemented in several directions. Specifically, improving the socio-demographic situation through support for families and creating conditions to retain youth in rural areas, developing education and vocational training by modernizing educational infrastructure and providing access to online learning, and improving economic conditions through investments in infrastructure and support for local businesses. Medical services can be improved through the modernization of healthcare facilities and the development of telemedicine. Environmental measures include the sustainable development of agriculture and ecosystem restoration. Transparency in decision-making and local government reforms are necessary to improve governance and reduce bureaucracy. Social initiatives will contribute to the development of civil society, and overcoming gender barriers will ensure equal opportunities for women. Implementing these measures will contribute to the creation of favourable conditions for the development of human capital in rural areas, which, in turn, will ensure their sustainable development and improve the standard of living of residents. Overall, the study showed that developing human capital in rural areas is a complex and multifaceted process that requires a comprehensive approach to overcoming the barriers that hinder its effective formation. Keywords: human capital, rural areas, human capital of rural territories, human capital development, socio-economic growth.

Functions of the Educational Researcher at Present: Acting as an Entrepreneur and Knowledge Worker

Objective: Reflect on the actions of the entrepreneur and the actions of the knowledge worker as functions of the educational researcher according to the current historical epoch. Theoretical Framework: Both functions have as main support the theory 'Knowledge Society'. They are also implicit in the theories 'Post-industrial society' and 'Information society'. Method: The content of the work is part of the results of the qualitative research 'The educational researcher in the knowledge and information societies'. Based on the sources of consultation is theoretical, interpretative analysis, descriptive approach and oriented to the professional practices of the educational researcher. Results and Discussion: The main result revolves around the differences on the functions specified in the contract and employment appointment whose characteristic is that they are carried out within the contracting institution, in relation to acting as an entrepreneur and knowledge worker, which, in addition to being freely chosen, are developed by conviction, professional ethics and social commitment, without omitting that they develop outside the labor institution. Implications of the research: The professional practices of the educational researcher are not reduced or restricted to the functions specified in the contract and employment appointment. For this reason, acting as an entrepreneur and knowledge worker are functions that must, have and can be developed by the educational researcher and by other educational actors of the Mexican educational system. Regardless of the fact that few researchers carry out both functions, the results benefit the educational researcher, the formation of human capital, the labor institution and society. Most of the obstacles to developing them are found in the regulations of the administrative bureaucracy. Originality/Value: This work contributes to the literature on the educational researcher and aims to invite the educational and institutional authorities, educational actors and mainly the educational researcher to incorporate the functions as part of the professional practices that correspond to them because both are in accordance with the current historical era and the benefits and advantages they offer to society.

Risks and conflicts in the formation of human capital for Information and Communications Technology (ICT) activity in the state of Ceará-Brazil

The study presents the results of quantitative diagnoses of human capital formation in information and communications technology (ICT) in higher education institutions (HEIs) based in the State of Ceará in Brazil. The methodology employed uses the information contained in the Higher Education Census (1995 to 2019) and in INEP’s Manual for the Classification of Undergraduate and Sequential Courses (CINE Brazil), plus the information provided in the e-MEC database of the Brazilian Ministry of Education, combined with information on sectors of economic interest (ICT clusters) defined by government bodies (SEDET, ADECE and IPECE) and the Observatory of the Federation of Industries of the State of Ceará (FIEC). Descriptive statistical and trend analyses of future scenarios (2020 to 2040) were carried out using ARIMA and SARIMA models. The results show that human capital was trained in the region in the last decade (2010 to 2019) at HEIs located in the metropolitan region of the capital of the state of Ceará. The findings also made it possible to highlight the undergraduate courses that require greater attention and coordination between the public authorities and the productive sector to guarantee sustainability and identify the risks of human capital formation for the development of the region's economy.

On the Family Origins of Human Capital Formation: Evidence from Donor Children

Abstract We introduce a novel strategy to study the intergenerational transmission of human capital skills, net of genetic skill transfers. For this purpose, we use unique Danish data on children conceived through sperm and egg donation in in vitro fertilization treatments to estimate the relationship between child test scores and parental years of schooling. Because the assignment of donors is not selective, these parental schooling estimates allow for a causal nurture interpretation. Once we take account of genes, we find that only the education of mothers matters: the association between father’s education and child test scores (in reading and math) is insignificant and practically zero, whereas the association between mother’s education and child test scores (in reading, not in math) is significant and large, and as large as the association we estimate for mothers of non-donor children.

ВПЛИВ ДЕРЖАВНОЇ ІНВЕСТИЦІЙНОЇ ПОЛІТИКИ НА РОЗВИТОК ЛЮДСЬКОГО КАПІТАЛУ В СУЧАСНИХ УМОВАХ

The article aims to examine the role of state investment policy in shaping human capital based on an analysis of its main directions, tools, and impact on social development. The article highlights the role of human capital as a key factor in economic growth, social progress, and national competitiveness. It emphasizes that a high level of human capital forms the foundation for sustainable societal development, ensuring adaptability to global challenges and changes. Particular attention is paid to the interconnection between state investment policy and the formation of human capital, which is a crucial aspect of ensuring economic progress. Public authorities must provide institutional support aimed at improving the levels of education, healthcare, and professional training of the population. The concept of state investment policy is explored as a component of the country’s economic policy, aimed at regulating investment processes across various economic sectors. The main investment directions are identified, targeting rapid economic development and improved quality of life, particularly in the field of human capital. The necessity of creating a favorable economic and legal environment for entrepreneurship and improving the investment climate is emphasized to attract investments in key social and economic sectors. The role of investments in enhancing labor productivity, promoting social mobility, reducing inequality, and fostering innovative development is outlined. The primary sources of investment in human capital are examined, including public spending, enterprise resources, household financing, and international support. The importance of efficient budget utilization and infrastructure development to support investments in human capital is underscored, including the adoption of new financing tools such as crowdfunding. Special attention is given to the issues of state investment policy under martial law, where the main tasks are attracting external financial assistance and optimizing the use of available resources to support human potential development. Directions for adapting investment tools to new challenges faced by the country are proposed.