Cultural and Economic Interaction: Trends in Employment and Business of Cultural Organization in the EU

Abstract

Studies of the interconnectedness of culture and economy become in a particular importance in the context of economic shocks and turbulence. The problem of "path dependence" is raised as a subjection on the former economic development trajectory. Majority of the scientific researches devoted to socio-economic development and welfare of the country are based on theories of economic growth, democratization of the system, liberalization of the economic regime. However, the long-term statistics and its dynamics across the world negate the validity of prevailing theories. The importance of cultural and economic interconnectedness is emphasized in order ensure socio-economic progress and the successful development of the country.