Developed and developing countries: dependence of socio-economic progress on the level of human capital development and its accumulation opportunities (results of correlation analysis)
The authors had made an attempt to investigate the strength of relationship between the qualitative characteristics of the national human capital and certain parameters of socio-economic prosperity from the point of view of correlation. The correlation coefficients between the level of development of individual human capital assets and quantitative and qualitative parameters of socio-economic success had been calculated. The coefficients had been determined for the entire set of countries for which reliable statistical data on the indicators under consideration for 2016-2019 had been available. In contrast to the previous study, the current article presents the results of calculations to identify similar relationships, but for different groups of countries. When dividing countries into groups, the classification of the International Monetary Fund is used. In accordance with this classification, the countries are divided into advanced (developed) and developing countries. Newly industrialized countries (NIS) are singled out separately from the group of developing countries. The data of correlation coefficient calculations for groups of countries are compared with the results of the previous study. Conclusions are drawn about the nature of the studied relationships and trends for developed, newly industrialized and developing countries.