Comparative analysis of  benchmark financial and investment models of  social welfare and assessment of  their long-term prospects for transformation under the influence of  global challenges

Social welfare, including its non-systemic forms, has existed for several centuries and represents an important element of the economic system aimed at overcoming poverty, protecting vulnerable groups, and ensuring social justice. Changes in the role of the state in regulating the economy, particula...

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Main Author: M. L. Dorofeev
Format: Article
Language:Russian
Published: State University of Management 2025-01-01
Series:Управление
Subjects:
Online Access:https://upravlenie.guu.ru/jour/article/view/750
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author M. L. Dorofeev
author_facet M. L. Dorofeev
author_sort M. L. Dorofeev
collection DOAJ
description Social welfare, including its non-systemic forms, has existed for several centuries and represents an important element of the economic system aimed at overcoming poverty, protecting vulnerable groups, and ensuring social justice. Changes in the role of the state in regulating the economy, particularly in the 20th century, has accelerated the development of the social welfare systems and improved the social protection level in various countries around the world. Demographic changes, population growth, and increase in population and life expectancy have created favourable conditions for improving social protection in the past century. However, today the external environment for the functioning of these systems becomes less favourable: population aging, rapid technological progress, changes in labour market structures, and other global challenges contribute to their further transformation. The article provides a comparative analysis of the benchmark financial and investment models of social welfare (hereinafter referred to as FIMSW) of Bismarck, Beveridge, and the Scandinavian model. It systematises and analyses the factors affecting the establishment and transformation of modern FIMSW in the long term. The state is advised to increase the efficiency of public-type FIMSW and encourage the development of private-type FIMSW in sectors where self-sufficiency is possible. To achieve this, it is advisable to implement stimulating financial policies based on tax incentives, programmes for co-financing and increasing financial literacy of the population.
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spelling doaj-art-df1a0b1a8dd340c9a0989affd2b239ce2025-02-04T09:04:41ZrusState University of ManagementУправление2309-36332713-16452025-01-01124233310.26425/2309-3633-2024-12-4-23-33472Comparative analysis of  benchmark financial and investment models of  social welfare and assessment of  their long-term prospects for transformation under the influence of  global challengesM. L. Dorofeev0Financial University under the Government of the Russian FederationSocial welfare, including its non-systemic forms, has existed for several centuries and represents an important element of the economic system aimed at overcoming poverty, protecting vulnerable groups, and ensuring social justice. Changes in the role of the state in regulating the economy, particularly in the 20th century, has accelerated the development of the social welfare systems and improved the social protection level in various countries around the world. Demographic changes, population growth, and increase in population and life expectancy have created favourable conditions for improving social protection in the past century. However, today the external environment for the functioning of these systems becomes less favourable: population aging, rapid technological progress, changes in labour market structures, and other global challenges contribute to their further transformation. The article provides a comparative analysis of the benchmark financial and investment models of social welfare (hereinafter referred to as FIMSW) of Bismarck, Beveridge, and the Scandinavian model. It systematises and analyses the factors affecting the establishment and transformation of modern FIMSW in the long term. The state is advised to increase the efficiency of public-type FIMSW and encourage the development of private-type FIMSW in sectors where self-sufficiency is possible. To achieve this, it is advisable to implement stimulating financial policies based on tax incentives, programmes for co-financing and increasing financial literacy of the population.https://upravlenie.guu.ru/jour/article/view/750social welfaresocial protectionpopulation aginglabour markettechnological progresssocial risksfimswbismarck modelbeveridge modelscandinavian social welfare model
spellingShingle M. L. Dorofeev
Comparative analysis of  benchmark financial and investment models of  social welfare and assessment of  their long-term prospects for transformation under the influence of  global challenges
Управление
social welfare
social protection
population aging
labour market
technological progress
social risks
fimsw
bismarck model
beveridge model
scandinavian social welfare model
title Comparative analysis of  benchmark financial and investment models of  social welfare and assessment of  their long-term prospects for transformation under the influence of  global challenges
title_full Comparative analysis of  benchmark financial and investment models of  social welfare and assessment of  their long-term prospects for transformation under the influence of  global challenges
title_fullStr Comparative analysis of  benchmark financial and investment models of  social welfare and assessment of  their long-term prospects for transformation under the influence of  global challenges
title_full_unstemmed Comparative analysis of  benchmark financial and investment models of  social welfare and assessment of  their long-term prospects for transformation under the influence of  global challenges
title_short Comparative analysis of  benchmark financial and investment models of  social welfare and assessment of  their long-term prospects for transformation under the influence of  global challenges
title_sort comparative analysis of benchmark financial and investment models of social welfare and assessment of their long term prospects for transformation under the influence of global challenges
topic social welfare
social protection
population aging
labour market
technological progress
social risks
fimsw
bismarck model
beveridge model
scandinavian social welfare model
url https://upravlenie.guu.ru/jour/article/view/750
work_keys_str_mv AT mldorofeev comparativeanalysisofbenchmarkfinancialandinvestmentmodelsofsocialwelfareandassessmentoftheirlongtermprospectsfortransformationundertheinfluenceofglobalchallenges