Social Safety of Society for Developing Countries to Meet Sustainable Development Standards: Indicators, Level, Strategic Benchmarks (with Calculations Based on the Case Study of Ukraine)

Yurii Kharazishvili, Aleksy Kwilinski, Olena Grishnova and Henryk Dzwigol
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Yurii Kharazishvili: Department of Regulatory Policy and Entrepreneurship Development, Institute of Industrial Economics, The National Academy of Sciences of Ukraine, 2 Maria Kapnist Street, 03057 Kyiv, Ukraine
Aleksy Kwilinski: The London Academy of Science and Business, 3rd Floor, 120 Baker Street, London W1U 6TU, UK
Olena Grishnova: Department of Enterprise Economics, Taras Shevchenko National University of Kyiv, 60 Volodymyrska Street, 01033 Kyiv, Ukraine
Henryk Dzwigol: The London Academy of Science and Business, 3rd Floor, 120 Baker Street, London W1U 6TU, UK

Sustainability, 2020, vol. 12, issue 21, 1-21

Abstract: The paper is devoted to identifying the level of social safety of society, taking into account the indicators of shadow economy, and developing its strategic scenarios as a component of sustainable development of Ukraine by 2030. The authors used the modern methods of normalisation, threshold vector determination, and dynamic weight coefficients in order to identify the level of social safety of society. The authors developed the structure and a list of indicators considering three components of social safety: The standard of living, the demographic component, and the quality of life. This method allows determining the list and severity of threats, comparing the dynamics of integral indices with integral thresholds in one scale, identifying the state of security, and defining strategic goals and strategies. The suggested approach is universal and can be used by any country, region, economic activity, or business to develop evidence-based medium-to-long-term sustainable development scenarios.

Keywords: social safety of society; standard of living; quality of life; demographic security; integral index; strategic benchmarks (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (33)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:21:p:8953-:d:436323

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