The investment process in relation to the development of human capital in the modern economy
Abstract. The subject of the study covers peculiarities of the development and implementation of the investment process in the modern economy in the context of the interaction of investment and innovation components of the economic development process, taking into account the peculiarities of the improvement and development of human capital in the Russian economy. The article is devoted to the analysis of parameters and conditions affecting the improvement of the investment process in the national economy. Based on the methods of systematic analysis and synthesis of the key features of the development of the Russian economy, which underlie the innovation and investment renewal of industries, the possibilities of ensuring the economic development and sustainable economic growth are assessed. Within the framework of the conducted research, it was revealed that management decisions by improving the efficiency of the investment process are formed by the potential opportunities for the development of human capital, the improvement of factors and forms of its implementation. Among the basic parameters of the effectiveness growth of the implementation of the innovative component of the investment process, features of scientific research in the national economy, forms and scales of the innovative activity of business and government, assessment of the quality of existing human capital at the level of an organization and the state are determined. It is the decisive development of human capital within the framework of the innovative economic renewal in the context of increased sanctions pressure and the development of import-substituting industries that is a necessary condition for improving the efficiency of the investment process.
Keywords: human capital, investment, innovation process, economic development, efficiency
Highlights:
♦ the expert assessment of the possibilities of making effective investment decisions is aimed at using strategic planning methods in the development of organizations, at a comprehensive assessment of social, environmental and economic consequences of investment decisions;
♦ if the increase in the success of investment decisions made at the level of an organization or an economic agent is determined by the first two above-mentioned factors, then the innovativeness of decisions made, in turn, is determined not only by the activities of domestic producers themselves, but also by the general potential opportunities in the Russian economy;
♦ at the moment, conditions are being created in the Russian economy for the development of industry and production (in the context of increased economic sanctions) on the basis of organizational and managerial changes in production.
Vladimir V. Malaev, Bulat L. Safiullin - Kazan (Volga Region) Federal University, Kazan, Russia