Does human capital create competitive advantage of the Czech Republic?

The article consists of theoretical and analytical part. Theoretical part provides a brief review of the academic literature dealing with human capital, it´s accumulation and obsolescence. In The second part analyses selected qualitative characteristics of adult population in the CR and compares them with their average level in the European Union. Analysis shows that the strong positive attribute of the CR is a high share of population with secondary education. In 2005 this indicator reached 77% in the CR, the EU-25 average was only 48 %. The other CR´ advantage is high average level of quantitative literacy and also high rate of population who took place in the two highest proficiency level of quantitative as well as document literacy. On the other hand the weak point is low share tertiary educated population, low level of prose literacy and ability to speak in a foreign language. CR lacks also in percentage of households having access to the personal computer and to the Internet at home. Population of the CR shows relatively low level of job mobility as well as readiness to move to find job if they were unemployed.