Investment in human capital as the basis for the country's economic growth

A key factor in modern economic growth is investment in people and in the development of human capital, as evidenced by the experience of many countries. Investments in human capital create conditions for sustainable economic growth, constant adaptation of the socio-economic structure to new areas of scientific and technological progress. In addition, investments in people form demand in many adjacent sectors, thereby causing a significant multiplier effect. Currently, the role of the state in this area is quite large. The role of the state is especially great in the most important spheres of the formation of human capital - in the field of education, health care and the allocation of research. © The Authors, published by EDP Sciences. This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0 (http://creativecommons.org/licenses/by/4.0/).

Authors
Publisher
EDP Sciences
Language
English
Status
Published
Number
09046
Volume
164
Year
2020
Organizations
  • 1 Peoples Friendship University of Russia (RUDN University), 6, Miklukho-Maklaya Street, Moscow, 117198, Russian Federation
Keywords
Investments; Personnel; Economic growths; Human capitals; Is investments; Key factors; Multiplier effects; Socio-economics; Sustainable economic growth; Technological progress; Economics
Date of creation
02.11.2020
Date of change
28.03.2022
Short link
https://repository.rudn.ru/en/records/article/record/64755/
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