Research Information System
37th International Scientific Conference on Economic and Social Development - Socio Economic Problems of Sustainable Development, Baku, Azerbaijan, 14 - 15 February 2019, pp.539-546
To provide sustainability of economic reforms carried out in our country and transition to new economic development strategy, the president of Azerbaijan Republic approved a decree "National economy and main directions of the strategical road map for key sectors of the economy" the main target of which is to improve human capital. It is necessary to mention that human capital plays a decisive role in an increase of labour productivity, sustainable economic growth, increase in competition between manufacturing and service sectors and integration of country to global markets. To achieve this, it is required to raise quality of all levels of education, to provide constantivity of improvement of workers' skills and knowledges, to adapt the preparation of skilled personnel for market reqirements, to stimulate investment of companies on the research and development departments and to use existing human resources effectively. The article is focused on the role of the improvement of human capital and its efficient usage on the development of the society as a whole and alteration of the all aspects of social life in the provision of the sustainability of economic reforms held within the country. In this context, author tried to display the indispensible contribution of the education to the improvement of human capital by briefly analyzing the changes in the phenomenon of unemployment.