Human resources — a determining factor of the national economy's competitiveness

About the author:

Irina S. Bondarenko, Cand. Sci. (Есоn.), Senior Lecturer at the Department of World Economy and International Business, Tyumen State University; bondarenkois@yandex.ru

Abstract:

The article describes a retrospective analysis of human capital development assessment by different international institutions such as the World Bank, UNDP, and the Earth Institute at Columbia University, USA. The results of their assessment are published in almanacs “World Development Report”, “Human Development Report” and “World Happiness Report”. The article flags the main flaws of these methods, such as the fact that the key indexes in these studies are presented by various income rates like gross national income, internal rate of return, and gross domestic product per capita, and key social indicators are presented by demographic rates. The choice of these indicators may be different depending on the object of study. The method of human capital development assessment presented in this article is of practical importance as it provides the means to define the most important forms of human investment, such as education and health care, that should actually be key directions for the development of human capital framework in Russia.

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