abstract: 'The author of the paper analyzes human capital issues in two levels.

  From the theoretical point of view human capital is defined as the

  acquired knowledge, habits, motives and energy disposed of by people and

  applicable in production of goods and services during a certain period

  of time. The owner of human capital receives an adequate compensation in

  income.

  The second level of the analysis is that of an application character

  taking account of the problems of the transformation process. The use of

  human capital in the state economic policy is analyzed, the

  interconnection between education, employment and wages policy and the

  barriers arising in the transformation process are studied. Business

  activities as a special form of human capital are paid attention to.

  Modern business assumes that a successful application of high

  technologies depends not only upon the technical level, on the changes

  in organizational structures but also upon the change in the `''spirit''''

  of business principles. That is the reason why the author analyzes the

  ethic business criteria that are actual for the nowaday economic

  transformation especially.

  In the conclusion of the paper the author points out the necessity of

  the close cooperation between state economic policy and the business

  strategy in finding a new position of a human being within the creation

  of market relationships that cannot remain just in the level of

  comparative advantages of a cheap labour force. Depreciation of human

  capital stock, undervaluation of human investments may have, from the

  longterm point of view, huge negative consequences upon the prosperity

  of the transforming economies.'
affiliation: SLADKOVA, E (Corresponding Author), SLOVAK UNIV TECHNOL BRATISLAVA, FAK
  ELEKTROTECH \& INFORMAT, ILKOVICOVA 3, BRATISLAVA 84104, SLOVAKIA.
author: SLADKOVA, E
author_list:
- family: SLADKOVA
  given: E
da: '2023-09-28'
files: []
issn: 0013-3035
journal: EKONOMICKY CASOPIS
language: Czech
number: '5'
number-of-cited-references: '13'
pages: 439-450
papis_id: 81535d3d11441a882407dd54d5fd8867
ref: Sladkova1995significancehumancap
times-cited: '0'
title: SIGNIFICANCE OF HUMAN-CAPITAL IN THE TRANSFORMATION PROCESS
type: Article
unique-id: WOS:A1995RT68600006
usage-count-last-180-days: '0'
usage-count-since-2013: '1'
volume: '43'
web-of-science-categories: Economics
year: '1995'