Human capital in the innovative conditions

Abstract

The relevance of the questions dealing with the human capital formation and functioning peculiarities in the innovative development conditions is provided by the fact that highly developed post-industrial economy, manufacturing and service sector cannot do without highly educated and skilled workers, that makes dependable the efficiency and competitiveness at the company level and the whole national economy. The goal of the article lies in certain development within specific provisions in the economic science, which explain the human capital functioning and enhancing its role in the innovative development conditions. The leading approach to study this problem is the structure-functional analysis of the human role in advanced manufacturing and the innovation development when the human capacity to work transformed into capital, increasing the level of education and the formation on this new production relations basis in a modern knowledge economy. Results: the article puts forward the theoretical and methodological concepts dealing with the decisive role of human capital in modern knowledge economy, which is defined the qualitatively new productive forces composition, the science and education transformation in the main factors of efficiency, growth, intelligence, innovation production and management. The article can be useful in a problem-solving process one of the priority tasks in the Russian society – the human capital preservation and development and our country competitiveness in the innovative development conditions. © 2016 Forrester et al.