Social Investment in the Sphere of Labour: Mechanisms, Effectiveness, Globalization Risks

Sobolev E.N.

Abstract

The article explores the impact of human capital upon the development of labour relations, the problems of returns to national human capital and human capital development within corporations. Special attention is paid to human capital outflow under the challenges of globalization. The role of social investment and effective wages as factors of strengthening national human capital is discussed.

Keywords

social investment; human capital; returns on education; effective wages; globalization challenges.

DOI: 10.31249/rsm/2019.01.10

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