SUSTAINABLE DEVELOPMENT AND ECONOMIC STABILITY IN GLOBALIZATION

Abstract

The article explores both the theoretical and practical dimensions of economic sustainability for enterprises in the context of globalization. The primary factors that influence business sustainability are identified, including both external and internal economic, financial, and management aspects. The article emphasizes the significance of understanding these factors in a rapidly changing global market. A key focus is on the mechanisms that enhance economic stability, such as business diversification, innovative development, financial flexibility, and adaptive management. These strategies are crucial for helping companies navigate challenges and leverage opportunities in an increasingly interconnected world.
Moreover, the article underscores the importance of integrating sustainable development principles, digital technologies, and strategic partnerships as vital tools for ensuring the long-term stability and success of enterprises. By fostering innovation and digital transformation, businesses can not only survive but thrive in a competitive global landscape. The research highlights that sustainable practices can act as a catalyst for achieving broader social, environmental, and economic goals, benefiting both enterprises and society at large.
Additionally, the article identifies promising avenues for further research in the area of economic sustainability, particularly the examination of the influence of digital solutions and international cooperation on the competitiveness of enterprises. As globalization continues to evolve, understanding how digital transformation can boost efficiency and open new markets is crucial for companies striving to remain competitive and resilient. The prospects of international collaboration also present exciting opportunities for sharing best practices, accessing new resources, and expanding into emerging markets.