Problemi Ekonomiki (Mar 2017)
Human Capital as an Actual Resource of Social and Economic Development
Abstract
The strengthening of the competitive struggle in the world space, the growth of crisis phenomena in the national and global economy, the spread of new and emerging technologies with the dominant role of the human factor in them actualize a new surge of scientific interest in the problem of human capital and human potential. Human potential as a more capacious and complex integrity, of course, is the basis of human capital, but it is not reduced to it. Human capital absorbs only a certain set of qualities that are used in the economy. They form the qualitative characteristics of the labor force, which are capable of increasing the productive capacity, and, consequently, the incomes of their owners. Human potential is not only a platform for the development of human qualities and corresponding intangible forms of capital (social, intellectual, cultural, etc.). The human potential is the possibilities for human development, the expansion of its choice. In turn, the possibilities for growth of the potential depend on the quality of human capital, its use and capitalization. Between the human potential and human capital, there formed complex and ambiguous relationships: complementary, mutually replicating, correlative, mutually reinforcing, interrelated and causal. Under conditions of overcoming the accumulated contradictions and challenges of the 21st century, directing the country’s economy into the trajectory of economic growth, it is important to avoid opposing these categories and find mechanisms for resolving the contradictions between them, to improve the practice of managing in search for their harmonious interaction and effective use.
