State Paternalism: Socio-Economic Inequality And Investment Dynamics

 
PIIS020736760023105-4-1
DOI10.31857/S020736760023105-4
Publication type Article
Status Published
Authors
Occupation: Associated Professor, Leading Researcher, Institute of Economy of Russian Academy of Sciences (Moscow)
Affiliation: Institute of Economy of Russian Academy of Sciences
Address: Russian Federation, Moscow
Journal nameObshchestvo i ekonomika
EditionIssue 11
Pages30-39
Abstract

The article shows that the role of the state in the regulation of economic relations has been increasing in the last century. The need for strengthening state regulation in solving social problems, the most important of which today is socio-economic inequality, is substantiated. The author states, that Russian reality shows the failure of the liberal economic concept, according to which socio-economic inequality is the main driver of economic development. It is revealed, that in Russia the growth of inequality has been paralleled by reduction in the growth rate of GDP and investment.

Keywordsstate paternalism, socio-economic inequality, economic growth, investment dynamics
Received30.11.2022
Publication date30.11.2022
Number of characters16799
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