Human capital as a factor of competitiveness and innovation development of the national economy

In modern conditions, human capital is the main resource of society. In this place, the development of human capital contributes to the competitiveness and innovative development of the national economy. In order to confirm these judgments, a paired correlation-regression analysis was performed between the values of global indices, such as the global innovation index, the global competitiveness index with the global human capital index for all countries in the world for which they are calculated. As a result of the analysis, it was revealed that the level of human capital development has a positive effect on innovative development and competitiveness of the economy. Based on this, it can be argued that all governments should be interested in the development of the human capital of their nation.