Patterns of Human Capital Development in Russia: Meeting the Challenge of Market Reforms and Globalization
AbstractThis paper examines post-Soviet reforms on human capital development in Russia. The primitivization of economy in the first decade of reforms resulted in growing underemployment of skilled labour that drove out two streams of brain drain, viz. one, through classical emigration, and two, through the outflow of skilled labour into a wide range of survival activities from shuttle trade to subsistence farming. The consequences of this for the Russian economy were dire as it led to the depreciation and degradation of the national human capital stock. The second decade of reforms generated controversial implications for Russia’s national human capital. On the one hand, it was characterized by the emergence and exacerbation of a wide range of supply-demand human capital mismatches. On the other hand, the revival of labour demand and the partial substitution of direct brain drain for outsourcing widened opportunities for the preservation and accumulation of national human capital.
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Bibliographic InfoArticle provided by Faculty of Economics and Administration, University of Malaya in its journal International Journal of Institutions and Economies.
Volume (Year): 3 (2011)
Issue (Month): 2 (July)
- brain drain; human capital; outsourcing; shuttle trade; under-employment;
Find related papers by JEL classification:
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population
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