Impact of Human Capital on the Development of the Arctic

Abstract

The relevance of the issue under study is due to the fact that human capital is currently of great importance for the development of the economy of both a country and a separate region, such as the Arctic. The purpose of the article is to draw up recommendations for the development of the Arctic, through the effective use of human capital. Leading approach to researching the problem. The leading methods of researching the problems of the article include the analysis of theoretical sources, analysis of statistics, and comparison. The analysis of statistical indicators plays a crucial role in the study, since data on the development of the Arctic and on human capital can be directly obtained from statistical databases. The article discusses the concept of human capital, ways of developing the human capital with the goal of developing the territory, analyses the influence of human capital on the development of the Arctic, identifies problems in the development of the Arctic, and develops solutions to them. The development of the Arctic through the efficient use of human capital can be achieved by investing in human capital. The materials of the article are of practical value for the development of the Arctic or other regions of the country through the use of human capital.