Impact of the cultural factor on economic growth and entrepreneurial activity: challenges of modern globalization
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Date
2022
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Ivane Javakhishvili Tbilisi State University Press
Abstract
The modern world is characterized by a high degree of uncertainty. The processes taking place in various spheres of society, which with their scope of action go beyond the borders of one sphere and in many cases are the cause of significant, sometimes crisis shock effects in other spheres, leading to the growth of insecurity in the future as well. Under these conditions, the most important thing for any state is to ensure the sustainability of the functioning of the socio-economic system of its country. In this regard, the systematic presentation of the cultural factors of the country's economic growth and
entrepreneurial activity based on modern challenges and its effective use is relevant today. In the paper, based on a systematic approach, such factors as cultural and value characteristics are distinguished. Their modern features and possible directions of modernization are presented for Georgia.
Description
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Keywords
cultural factor, globalization, the socio-economic concept of the country, uncertainty, long-term view on economic growth, entrepreneurship and culture
Citation
VII International Scientific Conference Dedicated to the 100th Anniversary of the Faculty of Economics and Business "Challenges of Globalization in Economics and Business", Tbilisi, 2022, pp. 53-58.