Impact of globalization and education on the development of social economy using the example of Georgia

Methods. The research methodology is based on comparative-analytical and statistical analysis, which makes it possible to evaluate the processes on the example of Georgia, as well as compare them with international experience. Descriptive statistics, comparison, analysis, generalization and modeling were used to study the issue. At the same time, the research used a systematic analysis method, reviewed the existing material surrounding the work and modern theoretical and empirical sources on social economy. Based on the current situation, a desk study was conducted and primary and secondary sources were processed based on data from the National Statistics Service. Results. The paper discusses the impact of globalization and education on the development of social economy. Problems and prospects are analyzed using the example of Georgia. Globalization provides new opportunities by strengthening economic ties between countries of the world. Globalization promotes knowledge exchange and innovation. Educational institutions play an important role in preparing personnel to respond to global challenges and effectively use economic instruments for the development of the country. The study showed that education is one of the priorities of the state development in Georgia. Education is a prerequisite for the development of science and the main factor in increasing the productivity of the workforce. Novelty. The novelty of the work is the integrated analysis of globalization and education in the context of the development of the social economy. The article presents them as unified, interdependent processes that determine the level of social progress and economic sustainability. The novelty is also the designation of the level of education as a means of mitigating the negative effects of globalization and developing economic ties. It is also important to understand the challenges: training highly qualified personnel in the economy; shortage of human capital, outflow of personnel. In 2024, 29.6 thousand students graduated from higher education institutions, which is 12.4 percent more than the previous year. The number of graduates from state higher education institutions exceeds the number of graduates from private universities by 28.0 percent. Practical value. The practical value of the work is expressed in the fact that it creates a basis for understanding the consequences of the interaction of globalization and education for the development of the social economy. The results and conclusions of the study are important for researchers interested in issues of sustainable development of the world economy and for the use of positive effects of globalization and reduction of its negative consequences in the process of development strategies of the social economy and labor market adaptation.

Authors

Publication Details

Journal
Economic Bulletin of Dnipro University of Technology
Published
2025-09-30
DOI
https://doi.org/10.33271/ebdut/91.168
Primary Topic
Global Socioeconomic and Political Dynamics
Type
article
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article

Impact of globalization and education on the development of social economy using the example of Georgia

M. Zh. M Koberidze
Economic Bulletin of Dnipro University of Technology
Global Socioeconomic and Political Dynamics
article

Impact of globalization and education on the development of social economy using the example of Georgia

M. Zh. M Koberidze
article en

Abstract

Methods. The research methodology is based on comparative-analytical and statistical analysis, which makes it possible to evaluate the processes on the example of Georgia, as well as compare them with international experience. Descriptive statistics, comparison, analysis, generalization and modeling were used to study the issue. At the same time, the research used a systematic analysis method, reviewed the existing material surrounding the work and modern theoretical and empirical sources on social economy. Based on the current situation, a desk study was conducted and primary and secondary sources were processed based on data from the National Statistics Service. Results. The paper discusses the impact of globalization and education on the development of social economy. Problems and prospects are analyzed using the example of Georgia. Globalization provides new opportunities by strengthening economic ties between countries of the world. Globalization promotes knowledge exchange and innovation. Educational institutions play an important role in preparing personnel to respond to global challenges and effectively use economic instruments for the development of the country. The study showed that education is one of the priorities of the state development in Georgia. Education is a prerequisite for the development of science and the main factor in increasing the productivity of the workforce. Novelty. The novelty of the work is the integrated analysis of globalization and education in the context of the development of the social economy. The article presents them as unified, interdependent processes that determine the level of social progress and economic sustainability. The novelty is also the designation of the level of education as a means of mitigating the negative effects of globalization and developing economic ties. It is also important to understand the challenges: training highly qualified personnel in the economy; shortage of human capital, outflow of personnel. In 2024, 29.6 thousand students graduated from higher education institutions, which is 12.4 percent more than the previous year. The number of graduates from state higher education institutions exceeds the number of graduates from private universities by 28.0 percent. Practical value. The practical value of the work is expressed in the fact that it creates a basis for understanding the consequences of the interaction of globalization and education for the development of the social economy. The results and conclusions of the study are important for researchers interested in issues of sustainable development of the world economy and for the use of positive effects of globalization and reduction of its negative consequences in the process of development strategies of the social economy and labor market adaptation.

Economic Bulletin of Dnipro University of TechnologyVol. 91
Openalex Percentile: Top 62%
Global Socioeconomic and Political Dynamics
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