Information Platforms and the Global Network Economy

¹ Azerbaijan Tourism and Management University, The Department of Management, K.Rahimov str. 822/23, AZ1072 Baku, Azerbaijan
² Azerbaijan State University of Economics, Department of Digital Economy and ICT, Istiglaliyyat 6, AZ1001 Baku, Azerbaijan

^* Corresponding author: Shahla_Huseynova@unec.edu.az

Abstract

Research background: The research investigates the formation of the intellectual elite; a radical modernization of the education system is necessary with the use of IT technologies and the introduction of innovations created on the basis of scientific achievements. The development of human capital is crucial for the transition from a traditional economy to a knowledge economy.

Purpose of the article: The aim of the article is to show how human capital plays a very important role in the country’s economy, the knowledge that is concentrated in it, allows you to develop a knowledge economy - a type of economy based on the use of this capital. The formation of human capital is associated with investment and high-quality modern education. Modernization of higher education is closely related to the use of information and communication technologies and the introduction of innovations. Distance education can be the beginning of a new stage of higher education.

Methods: The method of observation, concretization and abstraction, comparative analysis, abstract-logical, economic-statistical, theoretical and practical assessment were used in the study of various aspects of the research.

Findings & Value added: Large-scale reforms carried out in the state have led to an improvement in the standard of living of our society, and it has become possible to improve social infrastructure: housing, its construction, social and cultural facilities, health care systems, education, sports and fitness facilities, etc.