Development of public regulatory strategies to incentivise investment in human capital

The study aimed to identify the main problems and challenges in the process of development of strategies of state regulation to stimulate investment in human capital. A systematic methodology of analysis, including a comparative analysis of international experience and national approaches to state support and regulation of investment in human capital, was applied in the study. The three key areas were emphasised: educational, medical and migration programmes. The analysis was based on official statistical data of the Republic of Uzbekistan for 2019-2023, including indicators of life expectancy, education level, investment in health care and vocational training. The comparative assessment of data and practices was used to identify the strengths and weaknesses of Uzbekistan’s state policy in the field of investment in human capital and formulate recommendations to improve its effectiveness. The results of the study demonstrate that the overall level of economic sustainability of the country depends significantly on the chosen strategy of state support for investment in human capital. The studied practice of state regulation of investment in human capital on the example of the Republic of Uzbekistan revealed that the successful development of such strategies depends on a comprehensive approach, which includes financing, coordination of various sectors of the economy and ensuring transparency in the implementation of programmes. The study results emphasised that a balanced combination of state regulation and private initiatives was required to stimulate investment in human capital. The key factors are sustainable legislative regulation, adaptation of modern management techniques and investment in long-term programmes aimed at developing the knowledge, skills, health and capabilities of the population