Impact of technological challenges of the sixth K‐wave on changes of human capital

Abstract

The technological level and human capital are key factors of economic development. The development of human capital and improving the quality of life of the population are the primary tasks for socio‐economic transformations in the country for the next 7–10 years. Taken into account the significant technological changes within the 6th K‐wave (Kondratieff wave), and the prospects for the development of MANBRIC technologies, dis‐ closed in this article, it can be argued that the relevance of human capital will only increase. Aim. To consider the impact of a new technological way on structural changes in human capital in the theory of Kondratieff waves and to identify potential consequences for the development of society. Methods. Method of analysis to understand the aspects and limitations of the theory of technological structures, since it is used by many researchers to explain the causes of long‐wave dynamics; methods of typification and classification of technological challenges. The systematization method made it possible to structure and describe the qualitative characteristics of Kondratieff waves and correlate them with the stages of development of society. The synthesis method was used to describe the consequences of global social changes on the structural components of human capital and the development of society. Results. The article examines the processes of formation and use of human capital in the context of changes in global economic and technological structures. The authors described the components of human capital, identified global technological challenges, correlated global technological challenges with the pe‐ riodization of Kondratieff waves, analyzed and systematized the factors effecting the structural components of human capital within the 6th Kondratieff wave. The described changes and assessment of potential consequences are for the emerging state technological and socio‐economic policies.

Keywords

• sixth kondratieff wave
• sixth technological paradigm
• cybernetic revolution
• aging population
• human capital
• developed countries
• developing countries