HUMAN CAPITAL IN THE CONTEXT OF GLOBALIZATION: THEORY AND RESEARCH METHODOLOGY

From scientific standpoint the article analyzes theoretical and methodological issues of study of Human Capital in the context of globalization, its place and role in economic theory are determined, the author's definitions of the categories "Human Capital" and "Human Potential" are given, the author suggests the model of transformation of Human Potential into Human Capital and of circulation of Human Capital. The purpose of the study is in the scientific substantiation of Human Capital, as well as identifying the major trends in the qualitative transformation of Human Capital in the context of globalization. The transformational model developed and proposed explains at theoretical level that investment aimed at developing a specific unit of human resource, while individual being involved in the labor process, contributes to the transition of potential into capital, turning a simple benefit into capital one. Visibly demonstrating mutual conversion of money into knowledge, then the knowledge into money, the transformation model allows us to evaluate the monetary value of accumulated human assets, commensurate costs of the ability in the future to generate income. The undoubted advantage of the author's model is also represented by the visualized step-bystep mechanism of circulation of Human Capital and its reproduction in conditions of globalization.