HUMAN CAPITAL AS THE BASIS OF INNOVATIVE DEVELOPMENT OF THE ECONOMY OF THE COUNTRY

In this article the essence of human capital and its role in the economic development of Kazakhstan is considered. The results of the study showed that in Kazakhstan, as in many post-Soviet countries, human capital does not play a significant role in the economic development of the country, i.e. skilled labor isn‟t in demand and production is tied to the natural resource industries. While the experience of developed countries shows that increase in human capital by one percent accelerate the rate of growth of GDP per capita to three per cent.