HUMAN CAPITAL AS A DRIVING FORCE OF INNOVATIVE TRANSFORMATIONS
The article deals with the essence of human capital and its role in innovative development and transformations in the Republic of Tajikistan. It is shown that human capital is the main factor in innovative transformations, the main part of the foundation of the post-industrial economy. Various theoretical approaches to understanding the essence and content of the category "human capital" are presented; key factors that affect the productivity of human capital are identified. Analyzing the current state of human capital in the Republic of Tajikistan, the author identifies various barriers that hinder the development and effective use of human capital in Tajikistan. Among the constraining factors, according to the author of the article, one should single out insufficient funding, corruption and inefficient use of funds allocated by the state for research, development and education. The data on the human capital index (HCI) of the Republic of Tajikistan are presented in comparison with individual countries of the CIS and Europe. The dynamics of state budget expenditures on education in the Republic of Tajikistan is shown; factors that can improve the efficiency of human capital and its innovativeness are identified.