Investments in human capital assets as a basis for sustainable socio-economic development

Aim. To conduct an in-depth study of the significance of investments in establishing human capital as key to socio-economic development, highlighting its role in ensuring the growth of labor productivity and quality of life.

Objectives. The work analyzes the theoretical foundations of human capital and reveals its role in socio-economic development. It explores the concept of human capital assets, summarizing the main approaches to its study of scientists in Russia and in other countries. The article also considers the impact of human capital investments on the labor productivity growth rates in different sectors of the economy, including high-tech and traditional industries, taking into account the specifics of their functioning and the factors that determine the efficiency of human resources. It identifies patterns between the amount of investments in human resource development and their impact on production efficiency, as well as on the socio-economic development of the national economy.

Methods. The study combines theoretical and empirical approaches. The theoretical background is based on the research works of classical and modern economists on human capital assets, their essence and significance. The empirical analysis is based on statistical data on labor productivity, the scope of investment in human capital assets and their socio-economic consequences. A comparative analysis of labor productivity in large enterprises is also used. Results. The importance of investment in human capital assets is presented as one of the most effective mechanisms for increasing labor productivity. The analysis demonstrated that organizations that invest systematically resources in improving the qualifications of personnel and implementing professional development programs achieve a significant increase in productivity and strengthen their competitiveness.

Conclusions. Investments in human capital assets are a key factor in ensuring sustainable socio economic development. Their significance increases many times in the context of economic transformation, accelerated implementation of innovative technologies, and adaptation to new global and in-country challenges. For Russia, being under external economic sanctions and internal structural changes, priority development and support of human capital assets are becoming a fundamental condition for increasing labor productivity, achieving competitiveness, and ensuring a high quality of life for the population. An integrated and systemic approach is required, aimed at popularizing and increasing the effectiveness of investment in human capital assets. This approach will ensure the creation of a solid foundation for long-term social and economic progress, as well as strengthening the country’s competitive position on the world stage.

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