SCALING AND EFFECTS OF SOCIO-CULTURAL GLOBALIZATION

Authors

DOI:

https://doi.org/10.35774/jee2019.01.020

Keywords:

Socio-cultural globalization, social progress index, human development index, Internet penetration.

Abstract

In today’s context, accelerating the pace of change in the global business environment, standard planning methods, management, and asset allocation methods have become obsolete. The paper analyses transformational impact of globalisation on social and cultural spheres of human life. It is noted that at the present stage of world economy development, mankind enters the era of a new economic paradigm – the knowledge economy, which transforms not only the business landscape in general, but also changes the classical perception of national culture and society.

The social and cultural factors are important for effective positioning of the national economies in the global arena, which provides ongoing evaluation and improvement, ensuring the effective use of both.

JEL: F63, F69.

Author Biographies

Illya KHADZHYNOV, Vasyl’ Stus Donetsk National University

Doctor of Economic Sciences, Professor

Mariia SHKURAT, Vasyl’ Stus Donetsk National University

senior lecturer

References

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Published

29.05.2019

How to Cite

KHADZHYNOV, Illya, and Mariia SHKURAT. “SCALING AND EFFECTS OF SOCIO-CULTURAL GLOBALIZATION”. Journal of European Economy, vol. 18, no. 1, May 2019, pp. 20-30, doi:10.35774/jee2019.01.020.