EU Social Economy: Means to ending Inequality?

In recent years, the European Union has been facing increasing technological, economic, environmental and social challenges. The issues of strengthening the social economy are becoming increasingly important in an era of instability and uncertainty in the prospects of global development. The subject...

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Main Author: Natalia V. Govorova
Format: Article
Language:English
Published: Russian Academy of Sciences, Institute of Europe 2024-08-01
Series:Современная Европа
Subjects:
Online Access:http://www.sov-europe.ru/images/pdf/2024/4-2024/Govorova-4-24.pdf
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author Natalia V. Govorova
author_facet Natalia V. Govorova
author_sort Natalia V. Govorova
collection DOAJ
description In recent years, the European Union has been facing increasing technological, economic, environmental and social challenges. The issues of strengthening the social economy are becoming increasingly important in an era of instability and uncertainty in the prospects of global development. The subjects of this business model can play a positive role in achieving the UN Sustainable Development Goals, increasing productivity and competitiveness of both individual enterprises and states and their associations through increased solidarity at the territorial and local levels, reducing poverty and inequality. The social economy is designed to create quality jobs, guarantee equal learning opportunities and provide the necessary social services, especially for vulnerable segments of the population, such as migrants, persons with disabilities and unskilled workers. To realise its mission, its enterprises and organisations need to collaborate with public authorities, stakeholders and users capable of finding solutions to collective problems, such as ethical financing and socially responsible banking. This collaboration can give impetus to social inclusion, economic development and territorial cohesion in depressed underdeveloped areas and regions. Today, social indicators in EU countries such as poverty, inequality, long-term and youth unemployment continue to be high, making it difficult to ensure social sustainability. This article analyses EU policies on the social economy as well as its ecosystem in the region.
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spelling doaj-art-9a4044e166cf4cc8a5ff20d7e150e9b32025-08-20T02:17:46ZengRussian Academy of Sciences, Institute of EuropeСовременная Европа0201-70832024-08-01414015010.31857/S0201708324040119EU Social Economy: Means to ending Inequality?Natalia V. Govorova0Institute of Europe Russian Academy of SciencesIn recent years, the European Union has been facing increasing technological, economic, environmental and social challenges. The issues of strengthening the social economy are becoming increasingly important in an era of instability and uncertainty in the prospects of global development. The subjects of this business model can play a positive role in achieving the UN Sustainable Development Goals, increasing productivity and competitiveness of both individual enterprises and states and their associations through increased solidarity at the territorial and local levels, reducing poverty and inequality. The social economy is designed to create quality jobs, guarantee equal learning opportunities and provide the necessary social services, especially for vulnerable segments of the population, such as migrants, persons with disabilities and unskilled workers. To realise its mission, its enterprises and organisations need to collaborate with public authorities, stakeholders and users capable of finding solutions to collective problems, such as ethical financing and socially responsible banking. This collaboration can give impetus to social inclusion, economic development and territorial cohesion in depressed underdeveloped areas and regions. Today, social indicators in EU countries such as poverty, inequality, long-term and youth unemployment continue to be high, making it difficult to ensure social sustainability. This article analyses EU policies on the social economy as well as its ecosystem in the region.http://www.sov-europe.ru/images/pdf/2024/4-2024/Govorova-4-24.pdfeuropean unioneuropean commissionsocial economypovertysocial protection and inclusionemployment
spellingShingle Natalia V. Govorova
EU Social Economy: Means to ending Inequality?
Современная Европа
european union
european commission
social economy
poverty
social protection and inclusion
employment
title EU Social Economy: Means to ending Inequality?
title_full EU Social Economy: Means to ending Inequality?
title_fullStr EU Social Economy: Means to ending Inequality?
title_full_unstemmed EU Social Economy: Means to ending Inequality?
title_short EU Social Economy: Means to ending Inequality?
title_sort eu social economy means to ending inequality
topic european union
european commission
social economy
poverty
social protection and inclusion
employment
url http://www.sov-europe.ru/images/pdf/2024/4-2024/Govorova-4-24.pdf
work_keys_str_mv AT nataliavgovorova eusocialeconomymeanstoendinginequality