| Annotation: | The author proposes a conceptual approach to explain the institutional changes in the social sphere of the national economy as a result of the influence of the globalization processes and the development of human capital as a determining factor in the socio-economic progress of states at the contemporary stage. Based on the analysis of the literature covering the impact of globalization on national economies, the author outlines the directions that globalization affects the institutional changes in the social sector: the growth of the role of human capital under conditions of knowledge economy formation, the change in the employment structure of the population, the change of institutions of higher education and their convergence. The comprehensive research of the role of human capital for a group of countries is carried out, based on the analysis of the human capital index to GDP per capita ratio and the analysis of the dynamics of growth of productivity per employee, including their volatility.The results of the analysis of the employment structure showed different trends for the countries of different groups based on the indicator of the share of employed in material production for both the advanced and the transition economies. Developed countries show a steady decline in this indicator, while developing economies have been growing since 2008. Many countries are characterized by a shift in labor market institutions, at the same time fiscal and budget sustainability is worsening. The change in the institutions of education and the convergence of higher education has been investigated based on an analysis of the strategic development documents of individual countries and the European Union. Improving the efficiency of the educational system and facilitating the entry of young people into the market is only possible if new institutions are formed in the system of education. Considering education, the most significant factor influencing the rate of change of economic institutions, the author identified two channels of influence of institutional changes in education on the intensity of institutional changes in the national economy: 1) the level of education of a person influences the level of its rationality. 2) the development of social sciences potentially increases the supply of new institutions that are necessary for the development of modern society. |
| Literature: | - 1. Silander, D. (2019). The European Commission and Europe 2020: smart, sustainable and inclusive growth. Smart, Sustainable and Inclusive Growth, 2-35. doi:10.4337/9781788974097.0000
- 2. World Economic Forum. The Global Competitiveness Report 2017-2018. Retrieved from http://www3.weforum.org/docs/GCR2017- 2018/05FullReport/TheGlobalCompetitivenessReport201 7%E2%80%932018.pdf
- 3. Baranov, V. V., Zaytsev, A. V., Karpova, V. B., & Muradov, A. A. (2015). Formation of dynamic assessment mechanism for innovation strategies of economic structures when implementing public-private partnerships. Creative Economy, 9(1), 87. doi:10.18334/ce.9.1.76
- 4. Dluhopolskyi, A.V. (2013). Obrazovanie kak faktor formirovaniya chelovecheskogo kapitala i ekonomicheskogo rosta (na primere Ukrainy). Teoreticheskaya ekonomika, 3, 32-39.
- 5. Katulskiy E.D. (2013). Razvitie chelovecheskogo kapitala v usloviyakh ekonomiki znaniy. Modernizatsiya. Innovatsii. Razvitie.July- September, 74-78.
- 6. Kraievska, O. (2011). Osvitnia polityka europeiskoho soiuzu: stanovlennia ta mekhanizmy realizatsii. Visnyk Lvivskoho universytetu, 28, 53-65.
- 7. Kraft, Y. (2015). Globalyzatsyia i razvitie innovatsyonnoi systemy natsyonalnoi ekonomiky. Voprosy innovatsyonnoi ekonomiky, 3, 79-94.
- 8. Human capital as a factor of socio-economic development. Short version of the report Kuzmynov, Ya.I., Ovcharova, L.N., & Yakobson L.Y. (2016). Chelovecheskyi kapytal kak faktor sotsyalno- ekonomycheskoho razvytyia. Kratkaia versyia doklada. Proceedings from XVII Apr. mezhdunar. nauch. konf. po problemam razvytyia ekonomyky y obshchestva. Moscow: High School of Econmics.
- 9. North, D. C. (2005). Understanding the Process of Economic Change. doi:10.1515/9781400829484
- 10. Veblen, T., & Mills, C. W. (2017). The Theory of the Leisure Class. doi:10.4324/9781315135373
- 11. Ruttan, V. W. (2006). Social science knowledge and induced institutional innovation: an institutional design perspective. Journal of Institutional Economics, 2(3), 249-272. doi:10.1017/s1744137406000403
- 12. Pagano, U. (n.d.). Bounded Rationality and Institutionalism. The Evolution of Economic Institutions. doi:10.4337/9781847207036.00010
- 13. Tamilina, L., & Tamilina, N. (2014) Heterogeneity in Institutional Effects on Economic Growth: Theory and Empirical Evidence. European Journal of Comparative Economics, 11(2), 205-249.
- 14. Tamilina, L., & Tamilina, N. (2017). Post- communist Transition as a Path Break: Comparing Legal Institutional Effects on Economic Growth between Path- breaking and Path-drifting Institutional Reforms. Margin: The Journal of Applied Economic Research, 11(3), 315- 347. doi:10.1177/0973801017703513
- 15. Pylypenko, G.M. (2012). Institutsionalni chinniki spivvidnoshennya derzhavnoi i rinkovoi koordi- natsii ekonomichnoi diyalnosti. Dnipropetrovsk: Natsionalnyy hirnychyy universytet.
- 16. Lytvynenko, N. I. (2015). Instytutsionalni skladovi sotsialno-ekonomichnoho rozvytku krainy. Dnipropetrovsk: Natsionalnyy hirnychyy universytet.
- 17. Pylypenko G. M., Lytvynenko N. I. (2015). Іnstytutsіonalnі chynnyky rzvytku sotsіalno- ekonomіchnykh system. Ekonomіchnyy vіsnyk Natsіonalnoho hіrnychoho unіversytetu, 4(51), 21-32.
- 18. Osvita u konteksti globalnykh transformatsiy. Tsentr innovatsiynoi osvity PROSVIT. Retrieved from http://www.prosvitcenter.org/uk/osvita-u-konteksti- globalnyh-transformatsij/
- 19. Human Capital Report (2016). World Eco- nomic Forum. reports. weforum.org. Retrieved from http://reports.weforum.org/human-capital-report-2016/
- 20. World economic outlook update (2017). Inter- national Monetary Fund. imf.org. Retrieved from https://www.imf.org/external/pubs/ft/weo/2017/update/0 1/
- 21. Analytycheskoe reziume. Biudzhetnyi vestnyk (2016). Mezhdunarodnyi valutnyi fond. imf.org. Retrieved from https://www.imf.org/external/russian/pubs/ft/fm/2016/01/ pdf/fmexsr.pdf.
- 22. International Monetary Fund. Research Dept. (2016). World Economic Outlook, April 2016: Too Slow for Too Long. World Economic Outlook. doi:10.5089/9781475544565.081
- 23. Statistics and databases. International Labour Organization. ilo.org. Retrieved from http://www.ilo.org/global/statistics-and-databases/lang- en/index.htm
- 24. Pilipenko, A.N. (2009). Faktory dostizheniya institutsionalnogo ravnovesiya. Naukovі pratsі Donetskogo natsіonalnogo tekhnіchnogo unіversitetu. Ser: Ekonomіchna, 37-3, 5-11.
- 25. Pylypenko, H.M. (2008). Katehorіalne oformlennia poniattia іnstutut: problemy і perspek- tyvy іnstytutsіonalnoi teorіi. Ekonomіchnyy vіsnyk Natsіonalnoho hіrnychoho unіversytetu, 4, 12 -18.
|
Archive