Conceptual Framework for Management of Development and Formation of Human Capital

The recognition of the decisive role of education in the development of society and man was the basis of the theory of human capital, which at the time became the theoretical prerequisite for the emergence of the concept of human development and its most important component.The theory of human capital represents a fundamentally new, qualitatively new approach to the social function of education. In many theories, education was considered either as a factor in increasing labor productivity or as a driving force for scientific and technical progress, but in all cases it was assigned a secondary, auxiliary role. Kasym-Jomart Tokaev pointed out the importance of developing human capital in the country at the plenary session of the Majilis on March 30, 2023. The President stated that it is necessary to consistently and systematically improve the quality of human capital. Only considering knowledge as capital, society could truly appreciate it, and it was the most valuable and reliable capital. Certain prerequisites for the concept of human capital were laid in classical political economy, Marxism and other currents of world economic thought, but it received a complete and clear formulation only in the 20th century. The scientific and public recognition of the theory of human capital and its development was significantly influenced by the participation of Peter Drucker, an outstanding representative of economic, managerial and social science of the 20th century. His article "Knowledge Revolution" caused a wide resonance in the scientific and political sphere. In it the author writes: "Education is modern real private capital. The development of state education is the most important tool for creating capital, and the number of educated people, the quality of their education and the use of this knowledge are the most important indicators of the country's ability to produce wealth"