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Article
Publication date: 18 May 2020

Taisiia I. Krishtaleva, Elena A. Gureeva, Liliya A. Kripakova, Inna N. Rykova and Yuriy A. Krupnov

The purpose of the paper is to develop a risk-oriented approach to managing the social market economy.

Abstract

Purpose

The purpose of the paper is to develop a risk-oriented approach to managing the social market economy.

Design/methodology/approach

The first task is to determine the differences in susceptibility to the risk of the social market economy as compared to “pure” market economy. The authors use comparative analysis, variation analysis and correlation analysis for determining the dependence between quality of life in 2020 and variation of quality of life in 2012–2020, as well as variation of gross domestic product per capita in 2012–2020. The second task is to determine the perspectives of risk management of the social market economy in view of the specifics of the risk component of its functioning and development. Regression analysis is used for determining the dependence of quality of life in top ten countries with the social market economy in 2020 in the key risk factors that are peculiar for market economy and that lead to its destabilization: globalization, innovations and digitization.

Findings

It is substantiated that the unique economic and social environment predetermines the specific influence of the factors that are peculiar for the modern market economy. It is proved – by the example of top ten social market economies in 2020 – that social factors are more important for provision of stability of the social market economy than economic factors.

Originality/value

A risk-oriented approach to managing the social market economy is developed; it takes into account the specifics of the risk component of its functioning and development. The offered approach showed that the social market economy requires indirect regulation of risks through correction of institutions.

Details

International Journal of Sociology and Social Policy, vol. 41 no. 1/2
Type: Research Article
ISSN: 0144-333X

Keywords

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Book part
Publication date: 4 July 2019

Elena A. Gureeva, Elena V. Kletskova, Tatiana I. Chinaeva, Tatiana N. Morgun and Elena N. Kolomoets

The purpose of the chapter is to compare social and economic effects that accompany crises of economic systems.

Abstract

Purpose

The purpose of the chapter is to compare social and economic effects that accompany crises of economic systems.

Methodology

According to the adopted classification of causes of conflicts of socio-economic systems, the indicators that reflect potential social and economic causes of crisis are determined. Regression analysis is performed, and multiple regression dependence of economic growth of Russia’s economic system (values of growth of GDP in constant prices) on the indicators that characterize social and economic causes of crisis is determined; correlation analysis is performed and correlation of each indicator of causes and the indicator of economic growth is determined.

Conclusions

It is shown by the example of modern Russia that subjective (social factors) have the key role in determining cyclic fluctuations of economic system – together with objective (economic effects). Social causes of crisis are almost as important as economic causes. In view of generally acknowledged social consequences of crises (growth of inflation and unemployment level), it is possible to state a relatively equal role of economic and social effects that accompany crises of economic systems. The information and empirical basis of the chapter consists of the statistical materials of the International Monetary Fund, the World Bank, and the OECD. The research is performed by the example of modern Russia’s economic system; its timeframe covers 1999–2018 (recent 20 years).

Originality/value

The obtained conclusions show the necessity and open perspectives for specifying the existing theory of cycles in the aspect of inclusion of social effects into the model of cyclic (wave) fluctuations of economic systems.

Details

“Conflict-Free” Socio-Economic Systems
Type: Book
ISBN: 978-1-78769-994-6

Keywords

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Book part
Publication date: 1 August 2019

Margarita V. Melnik, Tatiana V. Skryl, Elena A. Gureeva, Irina F. Vetrova and Aleksandr V. Vetrov

Purpose: The purpose of the chapter is to determine the regularities and tendencies of decision making in business systems by the example of modern Russia.Methodology: The…

Abstract

Purpose: The purpose of the chapter is to determine the regularities and tendencies of decision making in business systems by the example of modern Russia.

Methodology: The method of logical analysis (analysis of causal connections) and the method of dynamic analysis of development of socioeconomic systems are used. These methods are applied with the current statistical and analytical information. The information and analytical basis of the research is the materials of the Federal State Statistics Service for 2018.

Conclusions: The factors of functioning and development of modern business systems, related to development of E-commerce, liberalization of state regulation of business systems, growth of their competition and corporate responsibility, change of technological mode, and crisis are determined. Influence of these factors on managerial decisions is connected to reduction of resource provision of business systems, accessibility of new managerial tools, complication of made decisions (growth of the number of accessible decisions), growth of the number of new technologies of decision making, and increase of the risk component of decisions. Regularities and tendencies of decision making are determined: striving for saving resources during decision making, more active usage of new managerial tools during decision making, striving for acceleration of the process of making of more complicated managerial decisions, more active usage of new technologies during decision making, and striving for minimization of risks of made decisions.

Originality/value: It is substantiated that the determined regularities and tendencies of decision making lead to increase of contradiction during making of managerial decisions in modern business systems, connected to growth of complexity of this process and simultaneous reduction of resources and time that are accessible to business managers. In order to solve this contradiction, it is necessary to implement cardinal changes into the process of making of managerial decisions in modern business systems, which allow – with minimum managerial cost – determining multiple alternative variants of solutions of the whole specter of current problems of a business system and comparing them as to mutually excluding criteria, thus making complex decisions.

Details

Specifics of Decision Making in Modern Business Systems
Type: Book
ISBN: 978-1-78756-692-7

Keywords

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Book part
Publication date: 4 July 2019

Abstract

Details

“Conflict-Free” Socio-Economic Systems
Type: Book
ISBN: 978-1-78769-994-6

Content available
Book part
Publication date: 1 August 2019

Abstract

Details

Specifics of Decision Making in Modern Business Systems
Type: Book
ISBN: 978-1-78756-692-7

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