The aim of the V Economic Forum is to analyze the crisis, that Latvia and the entire of Europe faced during the globalization of the 21″ century as an opportunity for qualitative changes in humans, nature, and entrepreneurship, as well as discuss possible science-based and practical solutions in order to reach a higher level of welfare in our countries. The successful practice of the I, II, III, and IV Economic Forum is continuing, The forum serves as a platform for the exchange of experience and cooperation of scientists, entrepreneurs, and politicians, stimulating the entry of local and foreign investment and the development of an innovative economy in the long term.