SYNTHESIZED CAPITAL AND MODERNIZATION OF SOCIETY

• Main Authors: N. Gavkalova, M. Barka Zine
• Format: Article
• Language: English
• Published: LLC "CPC "Business Perspectives" 2012-06-01
• Series: Економіка розвитку
• Subjects: synthesized capital; modernization; capitalization; knowledge management
• Online Access: http://www.ed.ksue.edu.ua/ER/knt/ee122_62/e122gav.pdf

At present in Ukraine, the processes of integration and globalization are deepening, the impact of economic factors in all spheres of life has increased, and innovative investment model of development is being formed in the state. The research of issues related to the synthesized capital in the context of modernization complies with modern challenges of national scientific thought, taking into account the fact that capitalization of synthesized capital can increase its overall value and can be regarded as a means of society modernization, reflecting the importance and urgency of this work.The objective of the article is to establish the scientific and theoretical principles of synthesized capitalization as a means of society modernization.The continuous development of a country, region, an enterprise within the scope of modernization is feasible under conditions of capitalization, resulting in the processes associated with transfer of synthesized capital, increasing the relative value added. We believe that capitalization of synthesized capital should be seen as the means of modernization of society and should lead to the following:· accumulation of synthesized (human, intellectual and social) capital of the country, followed by its distribution at the national level (it is about creating national and regional integrated structures, TNK and clusters which may include universities);· creation of conditions for the transformation of synthesized capital in to geo-economic capital of the country, which should ensure both efficient creation of innovative model of an enterprise development and socio-economic development of the country.The authors’ calculations along with updating capitalization of synthesized capital allows to specify the strategic directions of the development of the country towards sustainability of its socio-economic configuration of modernization.