The role of human capital in aspects of innovations for sustainable socio-economic development

Due to the progress in information and communication technologies (ICTs), globalisation and knowledge-intensification, human capital has become essential for productivity, competitiveness and sustainable socio-economic development. In the globalised world economy ICTs affect socio-economic development of countries through innovations. The "Club of Rome" founder Aurelio Peccei wrote in "The Human Quality" (1977) that world could be presented by interrelated but sufficiently stable elements: Nature, Man, Society, and science-based Technique. Today, sustainable socio-economic development can be defined wider by: Nature, Man, Society, Technology, Economy and Infrastructure. The author's model of sustainable socio-economic development is presented in the paper. Classification of indicators, taken from statistical data books (Russian Statistical Yearbook, Eurostat, IRI, R&D Magazine, International Monetary Fund, World Bank, CIA Factbook, OECD), according to the elements of a complex system of sustainable socio-economic development is proposed in the paper. Since innovations are a key mechanism for the concept of sustainable socio-economic development in the globalised world economy, the need for innovative development of all elements of the proposed integrated system is required.