Increasing The Effective Use Of Human Capital In The Digital Economy

Аннотация

A person and his abilities, knowledge, skills have become a key factor in the prosperity of any society and the economic development of the state. Therefore, this article is devoted to the study of the essence of "human capital", which is an important factor in the development of society in the digital economy, and ways to improve the mechanism for its effective use. KEYWORDS Human capital, digital economy, economic growth, investment, GDP. INTRODUCTION Georgieva, head of the International Monetary Fund, "never before in Today the countries of the world, all of humanity are going through hard times. According to the International Monetary the IMF's 75-year history have so many Fund, today the world economy is practically countries needed emergency financial at a standstill, the situation is worse than assistance - she told us that 85 countries have during the global crisis of 2008-2009, and applied at one time or another." This situation more and more developing countries are requires improving the mechanism for more suffering from the consequences of the effective use of human capital in all areas. coronavirus. According to Kristalina The US A Journals Volume 02 Issue 11-2020 127 The American Journal of Applied Sciences IMPACT FACTOR (ISSN – 2689-0992) 2020: 5. 276 Published: November 30, 2020 | Pages: 127-130 Doi: https://doi.org/10.37547/tajas/Volume02Issue11-23 OCLC - 1121105553 The development of human capital is article is the final one in the context of the important for the sustainability of people, the formation of the digital economy. economy, society and the whole world. This is According to World Bank President Jim Yong also important for future generations. Kim, “As the government seeks to ensure When countries fail to invest effectively in economic growth, it will focus on investing in human capital, the costs are enormous, physical capital - building great bridges, new especially for the poor. These costs will put roads, modern airports and other future generations at a disadvantage. infrastructure. THE MAIN FINDINGS AND RESULTS As a rule, they are less interested in investing in human capital, which includes health, The experience of developed countries shows knowledge and skills, experience and lifestyle that the World Bank experts conducted of the population. This is a big mistake, research in 192 countries and came to the because neglect of investing in human capital following conclusions: can drastically reduce a country's • More than 64.0% of total economic competitiveness. After all, education of growth is associated with human capital; talented people is necessary for the country's • The country's natural resources provide economic development ”[4]. only about 20.0% of total economic Indeed, to this day, a person and his abilities, growth; knowledge, skills have become a key factor in • In countries with economies in transition, the prosperity of any society and the the country's production potential economic development of the state. provides only 16.0% of total economic Therefore, this article is devoted to the study growth [4]. Therefore, human capital of the essence of "human capital", which is an plays the main role in the economic and important factor in the development of social development of society. society in the digital economy, and ways to According to World Bank President Jim Yong improve the mechanism for its effective use. Kim, “As the government strives to ensure Human capital is the sum of knowledge, skills economic growth, it will focus on investing in and abilities that serve to meet the many physical capital - building great bridges, new needs of the individual and society as a whole roads, modern airports and other [2]. Its role is growing in the digital economy. infrastructure. Because digital technologies are created by They tend to be less interested in investing in man and are applied in life. human capital, which includes public health, The value of human capital can be assessed in knowledge and skills, experience and lifestyle. different ways. Traditionally, economists have This is a big mistake, because neglect of calculated this with the income of more investing in human capital can drastically educated people. reduce a country's competitiveness. After all, education of talented people is necessary for Research has shown that each additional the country's economic development ”[4]. academic year increases human income by an average of 10 percent. The quality of Indeed, to this day, a person and his abilities, education is also important. For example, knowledge, skills have become a key factor in replacing a low-skilled teacher in a single the well-being of any society and the classroom in an elementary school in the economic development of the state. Thus, this United States with a mid-career teacher could The US A Journals Volume 02 Issue 11-2020 128 The American Journal of Applied Sciences IMPACT FACTOR (ISSN – 2689-0992) 2020: 5. 276 Published: Novembe