TERRA ECONOMICUS, , Vol. 17 (no. 1),

Citation: Guliyeva, A., Chunikhina, N., Guliyeva, A., and Abdulova, A. (2019). Investing in human capital and assimilation of economic development. Terra Economicus, 17(1), 64–76. DOI: 10.23683/2073-6606-2019-17-1-64-76

Our paper focuses on the main directions of human economic development. We consider such questions as interrelation of the theory and concept of the human capital, concept of human development, its influence on economy, etc. It is noted that the economic growth and growth of a standard of living is possible only in those countries where the government protects interests of the citizens, makes and puts into practice social programs, carries out reforms in education and health care. New and extensive employment has been created in connection with the collection and analysis of information in the field of electronic technology, telecommunications, political, social and economic life. In other words, human capital has become a key factor in the development of information technologies and cannot imagine the modern information economy without them. Formation of personnel training system for the use of information technologies in all spheres has become a serious problem. Transition to the information economy requires the creation of a broad mass of the population to use information and telecommunication technologies, including high-speed Internet resources.

Keywords: human capital; economic development; state support; growth

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Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606