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Theory and practice of the financial regulation relevant to innovative development of high school

This paper intend to tackle and to develop separate positions of the theory and practice of financing the innovative development of higher education (IDHE) toward the formation and development of the national economy of knowledge. | Theory and practice of the financial regulation relevant to innovative development of high school International Journal of Management IJM Volume 6 Issue 10 Oct 2015 pp. 01-08 Article ID IJM_06_10_001 Available online at http www.iaeme.com IJM issues.asp JType IJM amp VType 6 amp IType 10 ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication _ THEORY AND PRACTICE OF THE FINANCIAL REGULATION RELEVANT TO INNOVATIVE DEVELOPMENT OF HIGH SCHOOL Levchenko O.M Doctor of Economic Sciences Professor Kirovohrad National Technical University Kirovohrad Ukraine Hani M. Haidoura Ph.D American University of Culture amp Education Lebanon ABSTRACT The consensus in the high school is valued by how much we invest in human capital which is determinant of efficiency. High school is a pillar contributor to productivity growth. There is evidence that innovation is a key player in nurturing technology change. In today s knowledge based economy It becomes more evident that investing in human capital has greater return for university and corporation which is more effective than that of physical assets. Simultaneously the conceptual fundamental of human capital is based on knowledge skills competencies and tools that are developed through coaching and learning activities provided by the concerned institution. This paper intend to tackle and to develop separate positions of the theory and practice of financing the innovative development of higher education IDHE toward the formation and development of the national economy of knowledge. Furthermore it examines the retention of the increased globalization of higher education while state financial obligation is in decrease which leads to greater distinction among universities in respect of financial support and security. Financial support should be a priority to support the innovative development of higher education. Key words Competency Development Human .