Innovation and Human Capital in a Knowledge Economy
Innovation and Human Capital in a Knowledge Economy

Summary/Abstract: The knowledge-based economy” is an expression coined to describe trends in advanced economies towards greater dependence on knowledge, information and high skill levels, and the increasing need for ready access to all of these by the business and public sectors. The development of a knowledge economy is a key priority for innovative progress and for ensuring the country‟s competitiveness through the efficient use of intellectual resources and human capital. Our paper is focused on the influence of human capital in providing innovative development and the formation of knowledge economy, to develop measures for its formation, accumulation, preservation, reproduction in order to increase national competitiveness at the world market. The foundation of the knowledge economy is productive knowledge and quality education that contribute to the intellectual capital embodiment into productive activities. A detailed analysis of the current state and problems of the innovation and human capital spheres has been carried out, international ratings have been analyzed and the place of Ukraine in them is determined in the article.

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