HUMAN CAPITAL OF UKRAINE IN GLOBAL RANKINGS
Authors:   Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine, Agafonova Mariia 
Published: December 2020

This paper presents the research on human capital in the global ranking studies and determining the place of Ukraine and the city of Kyiv in them in terms of human capital indicators, in order to increase the efficiency of using human capital and achieve competitiveness in this field. International rankings are an important tool for positioning countries and cities in the international arena and allow an objective assessment of the level of compe­titiveness of Ukraine and, in particular, the city of Kyiv in comparison with other countries and cities of the world. The author analyzes human capital development using global ranking studies such as the Institute for Management Development (IMD) Smart City Index, IMD World Digital Competitiveness Ranking, and IMD World Talent Ranking. With the help of these studies, the author examines: the ranking position of Kyiv among other cities in the world by the Smart city index; the scores of Kyiv among European cities on the level of IT skills at schools; the accessibility level to go to schools providing high quality education of the vast majority of Kyiv pupils among other European cities; Ukraine's place in the world on the sub-factor "teaching and education" during 2015-2019; Ukraine's place in the world on the criteria of "graduates in the field of ICT, mechanical engineering, mathematics and natural sciences" during 2018-2019; as well as Ukraine's place in the world on the sub-factor "concentration of science" during 2015-2019. To assess the development, involvement, and retention of highly qualified specialists in Ukraine, Ukraine's ratings were monitored for the following factors: investment and development (the amount of allocated resources for the cultivation of its own human capital), attractiveness (the degree of involvement of local and foreign talents) and readiness (the quality of skills and competencies available to the country) during 2011-2019. The research makes leads to the following conclusions: the competitive advantages of human capital development in Ukraine include the amount of resources allocated for the cultivation of its own human capital; the level of education and training in Ukraine in general and the city of Kyiv in particular, as well as the productivity of R&D in publications; the competitive weaknesses include the lack of a motivational component, as well as the recruitment and retention of highly qualified personnel, and, as a result, a significant level of "brain drain" abroad. In order to use human capital effectively, Ukraine should attract highly qualified workers to the R&D field as soon as possible. It is extremely important and, unfortunately, almost underdeveloped in Ukraine to motivate their activities, borrowing the experience of developed countries. In this case, the country will get rid of such a significant level of outflow of qualified personnel abroad, will concentrate more quickly on the production of science-intensive high-tech products, and will become competitive in the field of human capital and high technologies.