The Importance of Human Capital Development in Sustainable Economic Development

This study explores the importance of human capital formation in sustainable economic development and examines the relationship between them. The economic policies of the state related to human capital formation, as well as the factors influencing it, are analyzed. Existing research on the significance of human capital in sustainable economic development is reviewed. Moreover, the study examines the correlation between human capital formation and the share of expenditures on research and development (R&D) as well as education within the GDP structure.

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