THE ROLE OF ECONOMIC MODERNIZATION IN ENSURING SUSTAINABLE ECONOMIC GROWTH
DOI:
https://doi.org/10.37547/Keywords:
economic modernization, sustainable growth, Fourth Industrial Revolution, human capital, digitalization, institutional reforms, green economy, venture financing, export diversification, technological modernizationAbstract
This paper explores the importance, methods, and scientific and practical significance of economic modernization processes in terms of sustainable economic growth. The effect of technological modernization, development of human capital, digitalization, and institutional reforms on GDP growth is studied through statistical and correlation analysis. Global economic issues in the modern world, including problems of the energy system, misalignment of the labor market, and venture capital financing difficulties, are considered systematically. In conclusion, recommendations aimed at increasing economic stability and export diversification are formulated.
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