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BUSINESS INFORM №5-2015

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4

Section: Globalization Processes in the Economy
UDC 330.313;339.982
Kudinova A. V.
Social Reproduction in the Global Economy: Key Determinants of Transformation (p. 29 - 33)

The article is aimed to study the new characteristics of social reproduction as a result of the influence of globalization processes. The article analyzes the current process of social reproduction, its differences from economic reproduction of the industrial age. The relevance of updating classical approaches to the study of social reproduction (the Marxian, which argues for the need to develop, first of all, production of the means of production; the neoclassical, where exploration of market mechanism is emphasized; the Keynesian, which evidences the need to stimulate the production of goods and services for final consumption) has been substantiated considering the global influences, in particular, of fundamental changes in the structure of the social product, strengthening of its intangible component, formation of global resource flows, factors of production, goods and services, information, servitization of economy, autonomizing of financial sector, strengthening the asymmetries in development of various countries and so on. Also has been proposed, in the study of social reproduction, to take into account the socio-cultural factor as a key factor in the formation of institutions that let transform the resource potential in the real growth of public welfare. The environmental indicators have been proposed as one of the criteria for considering the efficiency and effectiveness of social reproduction.
Keywords: social reproduction, globalization, social welfare
Bibl.: 18.

Kudinova Alevtina V. – Candidate of Sciences (Economics), Associate Professor, Kyiv National Economic University named after V. Hetman (54/1 Peremohy Ave., Kyiv, 03057, Ukraine)

Article is written in Ukrainan
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Reference to this article:
Kudinova, Alevtina V. (2015) “Social Reproduction in the Global Economy: Key Determinants of Transformation.” Business Inform 5:29–33.


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