Signs of “Conflict-free” Socio-economic System

Abstract

Purpose

The purpose of the research is to determine peculiarities of development of modern “conflict-free” and socio-economic systems before, during, and after the 2008 financial crisis and to determine signs of “conflict-free” socio-economic system by the example of modern Turkey and Japan.

Methodology

The methodology of the research is based on the method of regression analysis, which is used for studying dependence of the indicators that characterize the peculiarities of the process and consequences of the 2008 global financial crisis in various socio-economic systems on the indicators that reflect observation of the principles of “conflict-free” development as of 2018.

Conclusions

Signs of “conflict-free” socio-economic systems could be formulated in the following way: high quality of institutes, high ecological effectiveness, moderate digital competitiveness, moderate innovational development, low balance of the federal budget, and moderate globalization.

Originality/value

It is substantiated that a universal formula for high-precision determination of signs of “conflict-free” socio-economic systems cannot be created, as these signs are manifested differently in each country. That’s why during evaluation of the level of “conflict-free” nature of a socio-economic system, it is necessary to take into account specifics of its functioning and development. The determined signs allowed showing that observing the principles of “conflict-free” development of socio-economic systems does not mean achievement of global leadership in the corresponding directions of economic activities (and this is accessible for all countries of the world), but requires original solutions and balancing the existing alternatives in each separate case.

Citation

Bogoviz, A.V., Chernitsova, K.A., Nazarov, A.G., Bezhovets, A.A. and Polishchuk, N.V. (2019), "Signs of “Conflict-free” Socio-economic System", Popkova, E.G. (Ed.) “Conflict-Free” Socio-Economic Systems, Emerald Publishing Limited, Leeds, pp. 277-285. https://doi.org/10.1108/978-1-78769-993-920191031