№ 11/2021

Fìnansi Ukr. 2021 (11): 7–20https://doi.org/10.33763/finukr2021.11.007

SCIENTIFIC SUPPORT OF INSTITUTIONAL REFORMS

IEFYMENKO Tetiana ¹

¹SESE “Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0002-9163-3959

Crisis transformations of socio-economic systems

Crisis phenomena threats are growing on national and global scale against the background of tightened geopolitical and geo-economic competition. Such trends as destruction and degradation, are becoming integral parts of change in the vital function of economic agents, institutional structures at different levels. Therefore, the search for an alternative paradigm for the study and assessment of the transformations of socio-economic systems (SES) is one of the topical directions in the development of economic science. In the objective conditions of constant renewal of world economic relations, proceeding from the multilevel nature of social changes, the article substantiates the need for innovative ways to search, develop and implement strategic guidelines that exclude the raw type of economic development. From the standpoint of the self-organization theory, it specifies that an open system is, as a rule, in a state of unstable equilibrium. The article proves that the purpose of theoretical research and practical actions should be the implementation of controlled effective evolutionary and revolutionary qualitative changes. At the turn of the third millennium, under the increasing impact of periodic civilizational shocks at the stages of economic and political cycles, the determinants of SES stability change over a long period. The transformation of natural factors requires scientific understanding - from motive levers into constraints on the potential for economic growth. The growing volumes of services and the virtual economy are hardly comparable with the products of the industrial sector, while the excessive polarization of incomes hinders economic dynamics. Arguments are given that the processes of changing existing SES can be accompanied by their deformation. The forces of the fall are opposed by compensatory mechanisms of reimbursement for the loss of material, human, information resources. The author focuses on the need to organize and manage the new approaches to the management of SES changes, having in mind time and space scale of the development of integral, interconnected bodies of social and economic agencies at state, corporative as well as individual levels. Crisis shocks of SES transformation are mainly linked with reasons stemming from financialization processes, weakening of sovereignty due to the expansion of global value chains, as well as from major emergencies and disasters, unexpected climate changes, etc. The article suggests improving the conceptual apparatus of transformational changes. The leading trend in modern science is interdisciplinarity. Integration of various scientific disciplines should affect both economics and institutional, social, spiritual, ethnic, moral spheres of life.

Keywords:socio-economic system (SES), crisis, change management, transformation

JEL: E12, E13, F63, H12, O11

Iefymenko T. . Crisis transformations of socio-economic systems / T. . Iefymenko // Фінанси України. - 2021. - № 11. - C. 7-20.

Article original in Ukrainian (pp. 7 - 20)

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