THE CORRELATION BETWEEN ECONOMIC DEVELOPMENT AND HUMAN CAPITAL
Abstract
This article explores the interrelation between economic development and human capital, emphasizing the vital role that education, health, skills, and innovation play in ensuring sustainable economic growth. Theoretical approaches by Schultz, Becker, Lucas, and Romer are reviewed to understand how human capital contributes to increased productivity, technological progress, and social welfare. The study also presents an analytical overview of human capital development in Uzbekistan, highlighting recent reforms in education, healthcare, vocational training, and digital literacy. Empirical evidence suggests that investment in human capital is a key driver of long-term economic competitiveness and national development.
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