Social Trends in the Development of the Innovation Economy: Trust as an Economic Value

The global resource of contemporary socio-economic development, reflected in the continuous dynamic growth of digital technologies, penetrates all spheres of human activity, changing not only daily life but also transforming basic social values and norms.One of the key social values is trust, which contributes to reducing tension and aggression in society, establishing trusting relationships, stability of development and economic growth, and increasing motivation and engagement.The foundation for forming trust as a social value is reliable information.The development of the digital economy relies on information, provoking a -superfast growth of the volume of information globally, while its quality and reliability continuously decrease.The decline in information reliability, coupled with its instant dissemination, is not only a source of many social conflicts at micro-and macro-levels but also a new global problem of social stability, which is confirmed by the growth of social distrust.

Publication Details

Journal
Ecosocial Studies Banking Finance and Cybersecurity
Published
2025-02-21
DOI
https://doi.org/10.56334/ecosbankfincyber/7.1.7
Primary Topic
Business and Economic Development
Type
article
Field-Weighted Citation Impact
0.00
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article

Social Trends in the Development of the Innovation Economy: Trust as an Economic Value

Ecosocial Studies Banking Finance and Cybersecurity
Business and Economic Development
article

Social Trends in the Development of the Innovation Economy: Trust as an Economic Value

article en

Abstract

The global resource of contemporary socio-economic development, reflected in the continuous dynamic growth of digital technologies, penetrates all spheres of human activity, changing not only daily life but also transforming basic social values and norms.One of the key social values is trust, which contributes to reducing tension and aggression in society, establishing trusting relationships, stability of development and economic growth, and increasing motivation and engagement.The foundation for forming trust as a social value is reliable information.The development of the digital economy relies on information, provoking a -superfast growth of the volume of information globally, while its quality and reliability continuously decrease.The decline in information reliability, coupled with its instant dissemination, is not only a source of many social conflicts at micro-and macro-levels but also a new global problem of social stability, which is confirmed by the growth of social distrust.

Ecosocial Studies Banking Finance and CybersecurityVol. 7(1)
Openalex Percentile: Top 68%
Business and Economic Development
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