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Financial Instruments of the Socially Responsible Economy

Author

Listed:
  • I.P. Denisova
  • S.N. Rukina
  • K.N. Samoylova
  • A.S. Takmazyan

Abstract

Taking into account its specific character, each country forms its own model of the social policy. Four models of the social policy are used in the countries of the European Community: social-democratic (Scandinavian), corporate (continental), and liberal (Anglo-Saxon), transitional (developing) models. Russia uses a mixed model. Any model of the social policy will not be efficient without the financial support, the instruments of which are social insurance and social assistance. Under new economic and geopolitical conditions, Russia faced a number of factors that negatively affected the state of public finance. This article analyzes substantial characteristics of social insurance and social assistance and covers the features of the Russian model of compulsory social insurance and possible directions of its improvement; it offers the option of development of a social program for private business that adapted to new conditions.

Suggested Citation

  • I.P. Denisova & S.N. Rukina & K.N. Samoylova & A.S. Takmazyan, 2017. "Financial Instruments of the Socially Responsible Economy," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 284-293.
    • Handle: RePEc:ers:journl:v:xx:y:2017:i:1:p:284-293
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    References listed on IDEAS

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    3. K.N. Samoylova & M.Z. Myzaev & S.N. Rykina & I.P. Denisova & A.S. Takmazyan, 2020. "Regional Investment Policy in The Context of Economic Growth, Employment and Income of the Population," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 691-699.
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    16. Dodi Permana, 2017. "Toward the Best Model of Strategy Implementation in Indonesian Islamic Banking from the Lens of Strategic Clarity," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 3-15.
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    More about this item

    Keywords

    Social policy; social risk; social insurance; insurance contributions; social assistance; social responsibility of business;
    All these keywords.

    JEL classification:

    • E - Macroeconomics and Monetary Economics
    • E - Macroeconomics and Monetary Economics
    • H - Public Economics
    • I - Health, Education, and Welfare

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    Access and download statistics

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