THE ROLE OF HUMAN CAPITAL IN THE DEVELOPMENT OF AN INNOVATIVE ECONOMY

This article presents how resources based on knowledge, education and skilled labor support economic growth and technological innovation, this article explores the critical role that human capital plays in helping to create an innovative economy. The study looks at how investment in workforce development, education and research skills are important catalysts for economic transformation, examining the complex link between human capital and innovation. The study shows through both qualitative and quantitative assessments that countries with high levels of human capital typically have higher productivity, more innovative products, and a stronger competitive advantage in the global market. On the other hand, countries with lower levels of human capital often face barriers to innovation, such as limited ability to conduct research and development. Keywords: workforce, education, competitiveness, economic development, innovation, human capital.