“…As the research demonstrates low level and quality of human capital create a situation in which investments into hi-tech branches do not provide adequate returns and this tends to worse in the context of technological order shift (Okada, K., 2018). Relatively dynamic progress achieved by Finland, Ireland, Japan, China, and Korea as compared to new European countries (Greece, Spain, Portugal) supports the conclusion that human capital formation is based on increasing level of education and culture of majority of the population in the given country.…”