Human Capital: Challenges for Russia
32 Pages Posted: 29 Sep 2015
Date Written: January 26, 2014
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: Suggested Citation