Human capital theory and rate of return methodology have long been a dominant framework in comparative and international education and other fields. While there have been criticisms since its inception, it has been ubiquitous and widely accepted as an important mechanism for educational planning, evaluation, and policy making. In this article, I…

The aim of the article is to study the nature of liberalization as a specific economic process, which is formed and developed under the influence of the changing conditions of the globalization and integration processes in the society, as well as to identify the characteristic differences in the processes of liberalization of Turkey and Azerbaijan…

Silicon Valley's high-tech companies, tech-philanthropists, startups, and culture of venture capital are "the centre of a techno-economic revolution" that is "now spreading outwards across the world, with major societal effects and implications" (Duff 2016, 5). In this article, Ben Williamson traces and maps how education is…

The relevance of the researched problem is determined by transformation of the human capital into the key economic resource of development of the postindustrial society. The purpose of the article is to disclose the content of evolution of the human capital as a scientific concept and phenomenon of the economic life. The leading approach to the…

Lifelong learning has become a catchword in almost all countries because of its growing influence on education policies in the globalised world. In the Organisation for Economic Cooperation and Development (OECD) and the European Union (EU), the promotion of lifelong learning has been a strategy to speed up economic growth and become competitive.…

This paper estimates private and social returns to investment in education in Azerbaijan, using the 2015 Azerbaijan Monitoring Survey for Social Welfare. The private rate of return to education is 6 percent; this is the first estimate of returns to schooling in Azerbaijan since 1995. The returns to schooling are 6 percent for men and 8 percent for…

Purpose: Real gross domestic product (GDP) growth for Mauritius has averaged more than 5 per cent since 1970 and GDP per capita has increased more than tenfold between 1970 and 2012, from less than $500 to more than $9,000. It has often been reported that human capital, along with other growth enablers, has played an important role in this…

Sustainable economic development is an aspiration of every nation in today's knowledge economy. Scientists for a few decades claim that intellectual capital management is the answer how to reach this goal. Currently, benchmarking methodology is the most common approach in the national intellectual capital measurement intended to provide…

The notion that investment in human capital is associated with better economic outcomes was coined in the U.S. and is assumed to translate equally across nations regardless of countries' socio-economic and political situation. The purpose of this study is to examine whether human capital tenets hold in European countries that transitioned from…

Informal institutions are defined as socially shared rules that guide individuals' behaviors outside of officially sanctioned channels. This paper investigates the link between individual educational attainment and education-related informal institutions by examining second-generation immigrants in the USA. I measure the education-related informal…

Education and health are both capital investments in national development, often viewed as independent factors on a country's labor force supply and productivity. This study uses the 2010-2011 Third Integrated Household Survey in Malawi to propose an Education-enhanced Health Human Capital (EHHC) model where education influences labor force supply…

The importance and relevance of the study of the globalization effects on the introduction of innovative technologies in the hotel industry is difficult to overestimate, as only those hotels that are able to change with demographic, technological and economic changes, and to adapt to occurring changes, will be able to succeed. The aim of this work…

The difference in economic development among nations entirely emanates from difference in human capital development as it is the priority pathway out of poverty, diverse socio-economic and environmental crises. Although, huge investment in human capital development has long been made, mere investment will never lead to quality labor force unless…

This European Training Foundation (ETF) assessment provides an external, forward-looking analysis of Georgia's human capital development issues and vocational education and training (VET) policy responses from a lifelong learning perspective. It identifies challenges related to education and training policy and practice that hinder the development…

This European Training Foundation (ETF) assessment provides an external, forward-looking analysis of Armenia's human capital issues and vocational education and training (VET) policies from a lifelong learning perspective. It identifies challenges related to education and training policy and practices that hinder the development and use of human…