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Investments in Human Capital as a Key Factor of Sustainable Economic Development

  • Angelika P. BuevichEmail author
  • Svetlana A. Varvus
  • Galina A. Terskaya
Conference paper
Part of the Lecture Notes in Networks and Systems book series (LNNS, volume 91)

Abstract

The modern approach to human capital consists in a comprehensive vision hereof as a crucial socio-economic resource and as a factor of public goods’ creation. Human capital acts simultaneously as a factor and purpose of development for a person, family, and society. Jointly with financial, natural and physical resources, it lay the basis of the national wealth. The article discusses the main approaches and criteria for measuring human capital, its importance in different countries, as well as ways of efficient investments in human capital.

Keywords

Investments Human capital Sustainable economic development Poverty Education Human Development Index Knowledge-based economy 

JEL Code

D31 E22 E24 

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Financial University under the Government of the Russian FederationMoscowRussia

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