Socialization and social innovations in economic development

Abstract

It is shown that economic development includes the subjective activity of people, which is conscious and is formed in the process of socialization that takes place because of the interiorization of social forms of life. The internal psychology of a person receives an outwardly expressed form through exteriorization, which, thanks to the accumulated internal potency, comes into contradiction with the surrounding social environment. The result of the solution of these contradictions is social innovations, which renew and intensify the vital activity of both individuals, individual collectives, and society as a whole. Social innovation is considered as the accumulation of intangible assets in the form of skills that are competitive and exclusive. On this basis, the author characterizes socialization in the economy through the process of socialization of capital, and socialization of the state and public organizations. Also, the article tackles the problems and the role of digitalization in the transformation of the individual socialization.