The dynamics of human capital accumulation in the ex-communist countries in Europe in the context of globalization

Abstract

Research background: Countries with a similar background before 1990, in the communist bloc in Europe, have begun since the ‘90s to differentiate one from another in terms of development. Nowadays, in many aspects of the socio-economic environment, including welfare and labor productivity, the gaps between them are significant. Measurements done by World Bank Group through The Human Capital Project give us the opportunity to compare the achievements from the last 30 years of the ex-communist countries building strong democracies and open markets. Purpose of the article: The purpose of this paper is to identify the major gaps between 8 EU ex-communist countries in terms of human capital accumulation in the context of globalization – and the way the globalization fostered or suppressed the human development and human capital accumulation. Methods: We will do a comparative analysis of the indicators that the Human Capital Project are based on – life expectancy, expected years of schooling, quality of education and GDP/capita of the 8 EU ex-communist countries. Findings & Value added: This paper may add value to the economic and educational policies in the 8 EU ex-communist countries by identifying the policies that proved their effectiveness in generating higher labor productivity, policies that can be adapted and then adopted by the UE ex-communist countries that are less developed.

Keywords

• human capital accumulation
• human capital development
• globalization
• ex-communist countries in europe