The key to increasing competitiveness is investing into human resources

This paper focuses attention on the fact that the V4 (Visegrád) countries are not equally well prepared to capitalize on the opportunities offered by the fourth industrial revolution because of the differences in the quality and skills of their human resources. On top of this they lag behind the more developed competitor countries in Western Europe in almost all major human indicators. Nine indicators describing human and knowledge characteristics are analyzed for the V4 and 5 developed countries.