The Effect of Psychology on Economic Change

Abstract

The purpose of this study is to investigate existing research ideas about the factors that contribute to positive psychology and their influence on economic transformation. We used the qualitative method of Content Analysis by compiling scientific articles from Emerald, Science Direct, and Korean science, as well as books produced by psychology and economics professionals in constructing our hypothesis as a result of this research. We found that adaptation, empowerment of human resources, a sense of hope, optimism, and fortitude are considered psychological assets that workers can take when facing problems or obstacles at work. The information economy emphasizes the importance of technological capital in humans. Changes in the Information Economy are largely determined by political influences (interests of state regulators) and financial factors (availability of the required volume of financial resources). The information economy can strike a balance in four main directions:

Investigating the Role of Education in Stability of Work Participation in Economic Shocks from the Asian Financial Crisis to the Covid 19 Pandemic in Indonesia

“…The economic crisis and economic shocks have an impact on employment, including work participation. The labor market continues to change and develop rapidly (Kalucza et al, 2021;Widarni, Febiyana, and Bawono, 2022). Research by Wang et al (2021) concludes that Education contributes to skill development's workforce so that they can work efficiently according to economic conditions and the needs of the business sector (Harnani et al, 2022).…”