PROTECTING HUMAN CAPITAL IN THE COVID ERA: REVIEW OF EDUCATIONAL SECTOR IN MACEDONIA
PROTECTING HUMAN CAPITAL IN THE COVID ERA: REVIEW OF EDUCATIONAL SECTOR IN MACEDONIA

Summary/Abstract: Human capital is the engine of intellectual capital, which refers to investing in education. At the macro level, human capital is the driver of national economic activity, competitiveness and prosperity. Investments in education and on-the-job training are the most important type of investment in human capital. For the poorest people, human capital is often the only capital they have. Human capital is one of the key drivers of sustainable, inclusive economic growth of countries. According to the value of the Human Capital Index, the World Economic Forum assesses the success of a particular country in developing the skills and competencies of people through the process of education and learning, as well as the use of acquired knowledge through productive employment. Human capital - the knowledge, skills and health that people acquire throughout their lives is a key factor in sustained economic growth and poverty reduction rates in many countries. Investments in human capital - the knowledge, skills, and health that people accumulate over their lives-are key to unlocking a child’s potential and improving economic growth in every country around the world. COVID-19 threatens to wipe out a decade of human capital gains, leaving an entire generation behind, as countries struggle to contain the virus, save lives, and rebuild their economies. That’s why the issue of coping with COVID-19 crisis is very important. The way countries struggling, the measures they use, and the crisis management they practice deserves attention.

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