Financing of health care as an important component of investment into human capital

Abstract

Human capital is becoming one of the main types of capital in the global economy. But as any other capital it needs investments. The system of health care, as well as higher education and social protection, is the major investments in the development of human capital. The latter, in its turn, is the basis of innovation and economic development of states, nations and intergovernmental alliances. Human capital produces new knowledge, which is the key for the future. As the result, the funding of the human capital development, for which the country is mostly responsible, becomes of strategic importance.