The role of human capital in the knowledge society

Economic development depends on the ability of nations to understand, interpret, select, adapt, use, transmit, diffuse, produce and market scientific information and technological knowledge in line with national culture and development goals. The main factors that the impact depends on are: status and level of education; requesting information from the private sector; public policy to orient the institutional structure of the state towards competence; quality and development state of functional market mechanisms in order to enable information to be manifested as a production factor by incorporating in products and their marketing. The need for individuals to use information technology becomes an active requirement for their professional education by affecting financially, intellectually and psychologically, requiring them to have additional qualities that can only be acquired on the basis of their expenditure (private expenditure on education) or from the collectivities (public expenditure directed towards education). The ability to use information technology is an intrinsic requirement for every job, the way individuals are educated for both existing jobs and new jobs must be adapted.