THE ROLE OF SOCIAL CRITERIA IN SUSTAINABLE ECONOMIC GROWTH: SCIENTIFIC ANALYSIS AND PERSPECTIVES
Abstract
The article explores the role of social criteria in stable economic growth using the general systems theory. It focuses on studying the interaction between society and economy through the lens of the "Whole-Part" theory. The relevance of this topic lies in the fact that in the modern conditions of economic development, the importance of social criteria in stable economic growth is becoming more and more obvious. The COVID-19 pandemic has highlighted the importance of taking into account social aspects in the development of economic policies and strategies, as it has reflected the need to ensure social protection and support for all sections of the population. Also, the growth of social tensions in many countries of the world indicates the need to improve approaches to taking into account social criteria in economic development strategies. Therefore, the study of the role of these criteria is a relevant and important task for scientists and practitioners. The authors emphasize the importance of developing science, culture, and education as key social spheres in shaping an innovative economy. The study also examines modern methods of systemic analysis and modeling to better understand and forecast the relationships between social and economic processes. It highlights the potential of these methods in enhancing the management of society and the economy in the context of contemporary development. The research underscores the importance of considering the specificities of each situation when implementing social criteria to ensure economic growth. The authors stress the need for a comprehensive approach and the use of a wide range of tools for effective management of this process. Such analysis and approach could form the basis for developing strategies aimed at stabilizing economic growth and enhancing social welfare. Furthermore, the analysis emphasizes the necessity of adapting social criteria to the unique circumstances of each situation to maximize their effectiveness in driving economic growth. The comprehensive approach and diverse array of tools advocated in the study offer a robust framework for managing this complex interplay between society and the economy. By providing insights into the dynamics of social and economic interactions, this research lays the groundwork for developing strategies that promote both stable economic growth and enhanced social well-being.
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