SOCIO-ECONOMIC SIGNIFICANCE OF HUMAN CAPITAL FORMATION

Abstract

This article discusses the educational reforms being implemented due to changes in the global labor market and the demand for new forms of thinking and skills. Emphasis is placed on the formation of a modern, competent population in the context of an innovation-based economy driven by human capital. Using the case of Finland, the paper analyzes the role of professional preschool educators, their working conditions, and the impact of both material and non-material incentives on child development. Based on World Bank reports, the necessity of early investment in education to achieve strong human capital is highlighted.