Human Capital as a Factor in Increasing Investment Activity

This study assesses the relation between investment processes and human capital as a decisive factor of economic growth in the transition toward digital economy. Aim. The study aims to examine the effect of change in the level of human capital on investment activity in developing countries. Tasks. The authors determine the present state of the level of direct foreign investments in the Eurasian Economic Union, assess the effect of the inflow of direct foreign investments on basic macroeconomic indicators, analyze existing risks, and identify key factors that affect investment activity. Methods. The study uses general scientific methods of cognition as well as comparative and statistical analyses to systematize the results of research on the dependence of investment activity on the level of human capital. Results. The countries are compared in terms of the level of their foreign investments and the effects of those investments on basic macroeconomic indicators. Further, the key factors and risks associated with investment activity are identified, and it is concluded that direct foreign investment does not play a key role in developing countries. Additionally, the role of human capital in the increase in investment activity is determined. Conclusion. Developing countries are paying increased attention to human-capital growth as a key factor of economic development in an information-oriented society. A high level of human capital enhances investment attractiveness, increasing economic growth rate and maintaining the level of socioeconomic development.

капитал, человеческий капитал, экономический рост, устойчивое развитие, технологии, инвестиционная активность, инновации, capital, human capital, economic growth, sustainable development, technology, investment activity, innovation

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