THE ECONOMIC FACTORS AND CONSEQUENCES OF SOCIAL INEQUALITY AND POVERTY

Inessa Sytnik (), Artem Stopochkin () and Bogdan Sytnik ()
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Inessa Sytnik: Department of Organization and Management of Enterprise, Opole University of Technology, Opole University of Technology, Poland
Artem Stopochkin: Faculty of Social Sciences and Computer Science, Wyzsza Szkola Biznesu - National-Louis University, Poland
Bogdan Sytnik: Cracow University of Economics, Cracow University of Economics, Poland

Baltic Journal of Economic Studies, 2017, vol. 3, issue 2

Abstract: The purpose of the study is to determine the main factors and prerequisites for inequality and poverty of the population of Ukraine, as well as to identify the main consequences of this phenomenon and finding out of the main directions of the socio-economic policy of the state. Methodology. The article considers theoretical approaches to the definition of social inequality and poverty, as well as issues with fair distribution of national wealth. The results of the study confirmed the thesis of the authors that the problems of poverty and social inequality adversely affect the functioning of national socio-economic systems. It is proved that the most effective state is one which has a broad layer of the middle class, which ensures the rationalization of consumption, saving and investment processes. Practical significance. Based on official statistical data of the main macroeconomic indicators of the state development, this article studies main trends in the development of Ukrainian economy and its social component. The coefficients of the correlation dependence between the indicators of development of the social and economic systems of Ukraine are calculated and conclusions regarding the absence of a state system of equal distribution of national wealth are drawn. Value/originality. The result of the study is a statement about the need to modernize and reform the existing system of redistribution of national wealth in Ukraine with a view to reducing poverty and social inequality in the country.

Keywords: poverty; social inequality; national wealth; distribution system; middle class (search for similar items in EconPapers)
JEL-codes: D31 D63 I32 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bal:journl:2256-0742:2017:3:2:18

DOI: 10.30525/2256-0742/2017-3-2-128-135

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