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Social Guarantees as a Stabilisation Institution under Conditions of Global Uncertainty

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  • Salenkov Anton V.

    (V. N. Karazin Kharkiv National University)

Abstract

The article reveals a special role of social guarantees as an economic institution in overcoming uncertainty of impact of global transformational shifts on functioning and development of economic systems. It shows that, under conditions of global uncertainty, the institution of social guarantees plays the role of the border of permissible and acceptable changes in the national economy. It provides a comparative institutional characteristics of three social mechanisms of access to public resources for a person who has no possibility to ensure own vital activity by means of own labour and own property: social guarantees, loan, charity. It proves that social guarantees are a significant factor of optimisation of risk individual economic behaviour and take part in ensuring optimal level of trust in economy. It justifies the conclusion that social guarantees facilitate optimisation of correlation between preservation of social wealth and its development through participation in social selection of technological and institutional innovations.

Suggested Citation

  • Salenkov Anton V., 2013. "Social Guarantees as a Stabilisation Institution under Conditions of Global Uncertainty," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 12, pages 241-248.
    • Handle: RePEc:idp:bizinf:y:2013:i:12:p:241_248
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    References listed on IDEAS

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    1. Michael Kumhof & Romain Rancière, 2011. "Unequal = Indebted," Post-Print halshs-00754519, HAL.
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