Integrated development and modernisation of human capital are needed

Abstract

The author of the article discusses the need to search for effective mechanisms, institutions, tools and management procedures for a harmonised increase of the quality of valuable life across all spheres of human existence and activity. To that end, he proposes abandoning the orientation of economics, economic policy and economic systems towards GDP growth and departing from the bureaucratic model of economically, ecologically and socially sustainable development promoted in the EU in favour of reflection regarding the consequences of the feedbacks arising from alternative resource allocations to various spheres of human existence. This reflection is to rely on the eightsphere integrated development matrix presented by the author. In order to maximise the synergy effects of the inter-spherical feedbacks and minimise the negative external effects, he postulates: popularisation of integrated thinking about development in respect of the whole development area, entrepreneurial activities of the state oriented towards holistic reflective modernisation of human capital, especially modernisation of human capital quality and structure, reduction of frustrating inequalities, which bring about passive adaptation, and elimination of systemic institutional inconsistencies that prevent inclusive development.