MODERN TECHNOLOGIES AND FORMATION OF HUMAN GOLD
Chapter 3
3.1 Introduction
 Knowledge is the main factor in human development. The use of modern technologies, including ICT for transfer of knowledge and information is determined in the MDGs as a means towards equality and development at a national and global level. Azerbaijan possesses rich natural resources with oil and gas occupying an exceptional position. In Azerbaijan's most recent history, the non-renewable natural resource black gold is an invaluable means for progress in the economy and development of the potential of inexhaustible capital, - human gold.
The industrial development of Azerbaijan's oil began more than 100 years ago. Since then, more than 1 billion tons of oil have been extracted. Despite this, the wells still contain reserves, which exceed this amount several times. Many achievements of the country relate to the development of the oil industry, which has influenced the formation of economic and human potential by the development of science and engineering, and various industrial and agricultural sectors. The economic opportunities provided by the oil industry also influenced the development of culture and arts. The Oil Boom of the late 19th century and beginning of the 20th century brought about significant immigration to Azerbaijan, which also promoted the development of human potential in the country and formation of a multicultural social environment.
Since regaining its independence in 1991, Azerbaijan has had the chance to use its natural resources to a greater extent for its own national interests.
One of priorities of the UNDP is to promote projects and activities that transform black gold into human gold. The formation of human gold is understood as a process of human capital development not only for the development of economic opportunities of energy branches, but also in respect to the transfer of modern technologies in the field of production, planning and management.
The formation of human gold in acquiring the most recent knowledge and tech-nologies represents an important condition of human development. Currently, oil projects exist which will result in economic growth, the development of modern technologies, and the mobilization of knowledge for the exploration and use of renewable natural sources. An important aspect of human capital formation is also an increase of economic opportunities for the improvement of issues related to human development, such as personal income of the population, improvement of health and longevity indicators.
This chapter discusses the state of ICT use in education, as well as the use of economic and technological opportunities, provided by the country's energy branch for the formation of human capital and provision of the process of steady development of the country.
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