Money and ethnicity, nationality

Examination of the development of the monetary system and attitudes to money as a socio-economic phenomenon, through the prism of ethnic and national traditions. Analysis of national banking systems.

Formation of a base of original pedagogical methods and educational technologies on inculcation of financial literacy, reflected in customs of the peoples of the world.

Money and ethnic environment

There is no doubt that money and ethnic environment affect the quality of people’s lives.

Money is not only a medium of exchange, but also an indicator of social status, power and influence. They provide opportunities for education, health care, culture and entertainment.

Money can also be a source of conflict, corruption, inequality, discrimination.

Ethnic environment is not only geographical location but also cultural heritage, traditions, values, language. Ethnic environment can provide a sense of belonging, identity and pride. It can also be a source of cooperation, exchange, tolerance and respect.

Money and ethnic environment interact with each other in different ways in different contexts.

Money can contribute to the development and preservation of the ethnic environment. For example, they can materialize projects to protect cultural heritage, support local languages and promote ethnic tourism.

Money can destroy the ethnic environment. For example, they can cause migration, assimilation, exploitation or genocide of ethnic groups.

The diversity of ethnic groups and their rights to self-determination must be recognized. Money needs to be distributed fairly and efficiently.

Money and national traditions

Money plays an important role in preserving and developing national traditions. However, money can be a source of conflicts and problems.

On the one hand, they allow to maintain and disseminate national traditions (music, dances, costumes, festivals, crafts, etc.). Various projects aimed at preserving and popularizing national culture are financed (festivals, museums, art schools, publishing houses, etc.).

Money allows people to travel and learn about other cultures and share their national traditions.

On the other hand, money can lead to the loss or distortion of national traditions. Money stimulates the production of national goods and they lose their uniqueness and quality.

Money promotes globalization and assimilation of cultures, when people abandon their traditions for fashion or profit.

Financial literacy and folk traditions

Financial literacy is the ability to manage money and make informed financial decisions.

In Japan, there is the concept of “kukizuke” (“attachment to money”). Parents give their children a small amount of money each month. The children can spend this money as they wish, but they must record all their spending in a special journal and discuss it with their parents.

Children learn to plan their budget and to be responsible for their financial decisions.

In India, there is a tradition of “akushala” (“no gold”). Women do not wear gold jewelry at weddings, but pass it on to their daughters or daughters-in-law. This is how family wealth is preserved and passed on to the next generation.

Financial literacy is a great value that can be passed on from generation to generation.