Human Capital: Challenges for Russia

32 Pages Posted: 29 Sep 2015

See all articles by Vladimir Mau

Vladimir Mau

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration

Date Written: January 26, 2014

Abstract

The development of human capital is now recognized as being the most important precondition of economic growth in modern times. It should be a priority in our socio-economic policy. However, recognition of this fact alone will not produce a qualitative leap in the development of education, healthcare and the pension system. We need fundamental changes in these sectors if they are to become capable of meeting the challenges of post-industrial society. This will mean individualization of the services provided, continuous delivery of these services (over the lifetime of an individual), privatization (an increase in the role of private funding), the internationalization of competition and implementation of the latest technologies in the delivery of services.

Keywords: Russian economy, human capital, economic growth

JEL Classification: J21, J22, J23, J24

Suggested Citation

Mau, Vladimir, Human Capital: Challenges for Russia (January 26, 2014). Available at SSRN: https://ssrn.com/abstract=2659132 or http://dx.doi.org/10.2139/ssrn.2659132

Vladimir Mau (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration ( email )

Varnadskogo Avenue,82
Moscow, 119571
Russia

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