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.

Research background: When analyzing the results, hypotheses were tested for the presence of a statistically significant relationship between the studied variables with a 5% error risk. The chi-square method was used to test for a statistically significant relationship, and the Cramer coefficient was used to determine the strength of the relationship. A survey conducted in Azerbaijan found mostly moderate statistically significant relationships between individual variables. Purpose of the article: The article discusses the most important aspects of the contemporary global problem of coronavirus infection COVID-19, shows the distribution of coronavirus across countries, analyzes the ability of different countries to counteract epidemics and pandemics by the Global Health Safety Index, shows the real situation of the effectiveness of the health systems of some countries in the fight against a pandemic. The aim of this study is to examine several aspects in connection with the pandemic and its impact on the education and tourism sector. The work also shows the impact of the pandemic on the global economy in general and on international tourism in particular. To activate the tourism market, the development of virtual tourism is proposed, which has great prospects in terms of quarantines and border closures. Methods: The article applies such general scientific research methods as analysis and synthesis, a systematic approach, methods of comparisons, expert assessments, as well as a method of analyzing hierarchies. Findings & Value added: Universities - many of which rely heavily on revenue from their foreign intakes - are being pushed to the brink. Around the world, international students and their parents are weighing their options as the pandemic wreaks havoc like never before on the overseas university education business. What was relevant this morning is already outdated by noon. Our task is to track existing trends, moods and suggest some prospects for getting out of the situation or adapting to it.

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