Paper Title
Investment in Human Capital in “The Global Village” and How it Should be Managed

The development and management of human resources are the guarantee keys for our future society. Societies are dynamic and new generations have to be equipped for the future. In our shrunk world, which is a result of globalization, the concept of 'global citizenship' has become part of our daily lives. Education and family education are very important success factors for future generations. The aim of this paper is to suggest how communication and education should be in the 21st century regarding the upbringing of global citizens. Education is a continuing process from the cradle to the grave. Members of the community are first educated in the context of their family. Then, they are commended to teachers who have to possess universal values and standards and understand the dynamics of the society in order to predict the future. In the so-called global village, it is intended that the new generation is successful and contributes to innovation. Teachers should therefore – like the sun – shine their light to guide their students. The improvement of human capital quality that students have, has to be a priority for parents. That the individual has a successful future and that he/she grows up as an innovative individual has to be aimed by educational institutions in collaboration with their parents. Teaching staff constantly has to reinvent themselves in order to be able to cope with an ever-changing society. The reason for this is the fact that the teacher, in time, will encounter a changed student profile and the teacher has to answer the pupils’ questions logically. If pupils grow up in democratic families with a culture of communication, they will have higher demands from their teachers. Therefore, teachers are required to attend post education courses, to prepare themselves for today's situation. The fact that a very small country like the Netherlands boasts five to six Dutch universities listed among the most successful 100 universities of the world proves the value the Dutch society attributes to the importance of human capital. The importance of a good communication between children and parents has been recognised in Turkey only in recent years by higher educated parents. Intergenerational and intercultural interaction in the 'Shrinking World' increases the importance of social and emotional intelligence in addition to academic intelligence. To prepare our young generations for the future, we have to guide them with the art of communication. It is of great importance that our young people are prepared to interact with people with different social and cultural backgrounds, without prejudgements and with the ethics and virtues of humanity as a result of centuries of effort. Keywords— Human capital, Communication in the family, World citizens, Innovation, Communication skills.