scholarly journals The Role and Importance of Taxes in Fiscal Policy

Economics ◽  
2021 ◽  
Vol 104 (10-12) ◽  
pp. 07-15
Author(s):  
Tengiz Lachkepiani Tengiz Lachkepiani ◽  
Maia Lomishvili Maia Lomishvili ◽  
Shorena Tsaava Shorena Tsaava
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Fiscal Policy ◽  
Tax Policy ◽  
Social Problems ◽  
Tax System ◽  
Basic Principles ◽  
Effective Implementation ◽  
The Social ◽  
Socio Economic Development

The Issues related to the improvement of the tax system are important for the economic development of Georgia. The economic growth of the country, sustainable economic development, the solution of the social problems facing the country depend on the formation of the tax system. The issues related to the improvement of the tax system are always and will always be an important issue for the country's economy. The article discusses the modern tax system, tax functions, it is noted that the effective implementation of tax functions is unthinkable without such basic principles as fairness (equity), efficiency, solvency. At the same time, it is noted, that the tax system and tax policy of Georgia is based on the experience of countries with developed market economies abroad and is focused on promoting the socio-economic development of our country, improving its fiscal policy. Keywords: Taxes, fiscal policy, tax system, tax code.

scholarly journals Study on the Prevention and Controlling of Dissimilation of Social Functions of Commercial Banks Based on the Fulfillment of Social Responsibility of Chinese Commercial Banks

2020 ◽  
Vol 1 (2) ◽  
Author(s):  
Zhuobi Luo
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Commercial Banks ◽  
Well Being ◽  
Great Contribution ◽  
Social Functions ◽  
The People ◽  
The Social ◽  
The World ◽  
Socio Economic Development

The dissimilation of the social functions of commercial banks is a phenomenon that the function of commercial banks deviates from the economic development and the people's livelihood. Such phenomenon, which can be seen all over the world, impedes the socio-economic development and affects the well-being of the people to some degree. After investigating and analyzing the dissimilation of the social functions of Chinese commercial banks, it was found that their social functions play a significant role, and the booming development of these banks has made great contribution to the economic growth and improved people's livelihood in China. China should also have special experience in preventing and handling this dissimilation.

scholarly journals Social partnership as an imperative of socio-economic development of Ukraine

2021 ◽  
pp. 8
Author(s):  
Nataliіa Spasiv ◽  
Galyna Kulyna ◽  
Nаdiya Lubkey
Keyword(s):  
Economic Development ◽  
Social Responsibility ◽  
Social Problems ◽  
Economic Incentives ◽  
The State ◽  
Successful Implementation ◽  
Social Partnership ◽  
Social Dialogue ◽  
The Social ◽  
Socio Economic Development

Introduction. An important prerequisite for the successful implementation of the social state concept in the country is the effective development of social partnership. Firstly, within the framework of partnership interaction of social subjects the social dialogue is provided, secondly, the social responsibility of business structures and financial institutions is activated, and thirdly, certain social problems and conflicts are leveled. Therefore, the issue of activation of social partnership in Ukraine as an attribute of a developed state and the introduction of an effective mechanism for its development is one of the primary ones, requiring special attention and determination of the ways of solution.Purpose. The goal of the research is to outline the role of social partnership in ensuring the social and economic progress of the state and to outline the practice and problems of its implementation in Ukraine.Methods. Research is based on the dialectical method of scientific knowledge and a systematic approach to the study of the ideology of social partnership and its role in socio-economic development of the state, using the methods of scientific abstractions and analogies, analysis and synthesis.Results. The nature of social partnership is considered and the main arguments and conditions that ensure its existence in the state are defined. The key tasks that are achieved through the effective implementation of the mechanism of partnership interaction in terms of solving a number of social problems and ensuring socio-economic development of the state are highlighted. The index of social development of countries of the world is investigated and the place of Ukraine in the global social space is analyzed. The most important social problems that have arisen in the domestic social sphere and the features of the current system of social partnership have been identified. The necessity of the development of social responsibility in corporate management, social dialogue and the use of economic incentives for the activation of entrepreneurship to ensure the priorities of socio-economic growth of the state has been argued. Prospects. Further research is important to focus on improving the effectiveness of social responsibility management of business as a condition for enhancing its competitiveness and ensuring sustainable development.

scholarly journals Tax regulation of socio-economic development

2020 ◽  
pp. 147-155
Author(s):  
Valeriy Koroviy
Keyword(s):  
Economic Development ◽  
Tax Policy ◽  
The State ◽  
Regulation Mechanism ◽  
State Budget ◽  
Tax Revenues ◽  
The Social ◽  
Socio Economic Development ◽  
The Impact ◽  
Tax Regulation

Relevance of research topic. Tax regulation is a key factor in ensuring economic development and social stability through a balance of fiscal and stimulus functions. The sources of accumulation of funds of financial resources are the taxes in various forms, which is provided by the fiscal function. The priority is represented by the formation of strategic goals of tax policy to achieve the goals of public financial management. It is necessary, under the current conditions, to improve the structure of tax revenues of the budget. Formulation of the problem. Further development of provisions for the development of a tax regulation mechanism will provide an opportunity to increase the degree of adaptability of the impact of taxation on the socio-economic environment. Important priorities in the activities of fiscal authorities are to improve the quality of the mechanism of tax administration, improving the model of the state tax risk-management. Analysis of recent research and publications. The development of the mechanism of tax regulation was considered by foreign scholars, in particular, A. J. Auerbach, R. M. Byrd, E. M. Zolt, J. Mehon, A. Laffer, J. Friedman, V. Tanzi. Their work reflects the importance of tax regulation to ensure progressive socio-economic development over the past decades. L. Lysyak, A. Mazaraki, M. Kuzhelev, A. Nikitishin, V. Makogon, L. Sidelnikova, I. Chugunov and other Ukrainian scientists have developed a concept for implementing of the tax policy in Ukraine in the context of economic system transformation. Selection of unexplored parts of the general problem. The mechanism of the tax regulation of socio-economic development needs further research. An important task of the state is to increase the effectiveness of fiscal incentives. The aim of the article is to improve the mechanism of formation and implementation of the mechanism of tax regulation of socio-economic development of the country in terms of structural changes in the financial system. Research methodology. The system approach and the method of comparative analysis, synthesis, logical approach and method of scientific abstraction are used. Techniques of statistical analysis were used in the study of the peculiarities of tax revenues and fees to the State Budget of Ukraine. Results of work. An analysis of the impact of the tax revenues on the dynamics of economic development for the period 2011-2019 was performed. The dynamics and the specific weight of the overpayment of the taxes and fees to the State Budget of Ukraine are studied. The directions of improvement of the system of tax administration are offered. Suggestions for improving the tax regulation mechanism are substantiated. Conclusions. Tax regulation is a very effective lever of influence on the dynamics of economic development and the social stability. At the center of the institutional mechanisms of its implementation is a set of redistributive relations regarding the social product. The development of the provisions for forecasting and planning of the tax policy measures in the context of globalization will provide an opportunity to increase the adaptability of the impact of tax regulation on economic development. In order to improve tax regulation in the formation of budget revenues, it is advisable to improve the quality of forecasting macroeconomic indicators of the country's development and planning of the tax revenues, and to increase the effectiveness of mechanisms for collecting and preventing the growth of tax debt. It is quite important and relevant to ensure a balanced tax policy, which should be based on a systematic approach to the interaction of the components of tax relations, taking into account the principles of fiscal sufficiency, neutrality, stability and cost-effectiveness of taxation.

scholarly journals Methodological Basis of Forming Spatial Poles of the Economic Growth in the Rural Areas

2019 ◽  
Vol 8 (4) ◽  
pp. 3851-3861
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Rural Areas ◽  
Life Quality ◽  
The Sustainable Development ◽  
Active Population ◽  
The Social ◽  
Socio Economic Development ◽  
Social Area ◽  
Advanced Development

The current socio-economic development of the Siberian village and its arrearage from the standards of the population’s life quality require rural territories to change over to the sustainable development. This change assumes the depth and consistency of the innovative structural, organizational and economic, and legal transformations that are forthcoming in the economy and social area of rural territories. It is impossible to carry out such modernization simultaneously and everywhere. The authors of the study substantiate the methodology of a phased approach based on the theory of “poles” or growth “areas”. The methodology has been offered to form rural growth poles. It has been developed by using the cartographic method based on the principles of identifying growth centers and developing adjacent areas as economic satellites whose socio-economic development is related to the “poles” development. During the study, the authors have offered to single out seven rural poles of the social and economic growth in the Novosibirsk Region as promising centers of development, concentration of economically active population where it is possible to form territories of advanced development.

scholarly journals FISCAL POLICY AND INSTITUTIONAL BUDGET ARCHITECTONICS

2020 ◽  
Vol 5 (5) ◽  
pp. 197
Author(s):  
Igor Chugunov ◽  
Valentina Makohon ◽  
Tetniana Krykun
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Fiscal Policy ◽  
Public Welfare ◽  
Human Potential ◽  
Socio Economic Development ◽  
Strategic Goals ◽  
Sustainable Economic Growth ◽  
Macroeconomic Stability

The purpose of the article is to study the role of fiscal policy in the context of the development of institutional budget architectonics aimed at ensuring macroeconomic stability, boosting economic growth, strengthening human potential, improving public welfare and defining approaches to its formation in advanced and transition economies. Comparative and factor methods make it possible to cover the peculiarities of institutional environment of the formation of fiscal policy in EU countries and Ukraine in the context of the development of the institutional budget architectonics and to identify ways for its improvement. Methodology. Substantiation of the role of fiscal policy in terms of the development of institutional budget architectonics, determination of its strategic orientations are based on generalization and systematization of experience of advanced and transition economies. For this very reason, the authors analyse and assess the fiscal policy and define special aspects of the formation and implementation of its components in relevant countries. Results show that to increase the effectiveness of the fiscal policy, it is expedient to ensure its interrelation with other components of financial policy based on a combination of fiscal and motivation function. Effective institutional budget architectonics provides means for creating conditions for sustainable economic growth, achieving strategic goals of socio-economic development of the country. Significant tasks of the development of institutional budget architectonics are regulation of the ratio between direct and indirect tax revenues, the structure of budget expenditures in terms of functional, economic classifications, maintaining the budget gap and public debt at the level that contributes to the financial and economic stability of the country, taking into account economic cyclical nature. Practical implications. A feasible budget architectonics would facilitate the maintenance of macroeconomic stability and accelerate economic growth. It is expedient to carry out institutional changes of budget architectonics on the ground of dynamic interconnection of budget and macroeconomic indicators. Value/originality. Fiscal policy plays a significant part in the process of government regulation of socio-economic development of the country. Elaboration of fiscal policy approaches in the context of the development of institutional budget architectonics is an important prerequisite for improving the quality of budget planning, ensuring the strength, stability and dynamic balance of the budget system. It is advantageous to introduce adaptive institutional changes into the budget architectonics in order to accelerate economic growth. Therefore, the article covers the essence and role of institutional budget architectonics aimed at ensuring macroeconomic stability, accelerating economic growth, developing human potential, improving public welfare; it defines the approaches to its development in transition and advanced economies. The authors establish that effective fiscal policy based on feasible institutional budget architectonics provides means for creating conditions for sustainable economic growth, achieving strategic goals of socio-economic development of the country.

scholarly journals Ewolucja teorii ekonomii rozwoju w XX wieku: od kategorii wzrostu gospodarczego do koncepcji zrównoważonego rozwoju

2016 ◽  
pp. 117-135 ◽  
Author(s):  
Adam Zadroga
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Development Economics ◽  
Current Development ◽  
Historical Sources ◽  
Policy Makers ◽  
Economic Theories ◽  
The Social ◽  
Socio Economic Development ◽  
Determinants Of Economic Growth

The article addresses the economic theories that have arisen on the basis of development economics of the 20th century. The aim is to present the evolution of these concepts and to evaluate them. Historical, descriptive and comparative methods were used. The author argues that in face of current development issues a return to historical sources, combined with their proper reading and (re) interpretation, enables formulation of important conclusions for the present and setting more accurate targets for the future. Thanks to this reading and reinterpretation policy makers have a chance to avoid errors in managing the current socio-economic policy. The analysis led to the conclusion that (1) the understanding of economic development was at first narrowed to growth but with time has moved to (2) to the category of socio-economic development and in the 1950 s a new sub-discipline of economics - development economics - was developed. Its achievements helped to take into account in today's prevailing approaches the social determinants of economic growth, of which sustainable development is the most popular.

scholarly journals Establishment of Priority Development Areas in Transbaikalia: Problems and Prospects

2019 ◽  
Vol 29 (3) ◽  
pp. 491-498
Author(s):  
Lyudmila Kovalchuk ◽  
Svetlana Kravtsova
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Development Program ◽  
Cultural Development ◽  
Human Potential ◽  
Competitive Advantages ◽  
Theoretical Approaches ◽  
The Social ◽  
Socio Economic Development ◽  
Economic Zones

The problem of advanced socio-cultural development of Zabaikalye Territory is considered in the context of its entering into entity composition of the Far Eastern Federal District. The need of searching the mechanisms to advance the region’s development is preconditioned by considerable lagging of Zabaikalye in the socio-economic development indicators from the FEFD entities. Establishment of the priority development areas is considered as one of such mechanisms. The possibility of their establishment is assessed in terms of the historical experience that Zabaikalye has in establishing territories and zones beneficial terms and preferences. The article makes assessment of this experience, analyses the factors that determines the results of using the mechanisms provided. It demonstrates that establishment of the territories with beneficial business terms did not exert a considerable impact on the rates of economic growth and results of social development in Zabaikalye Territory during all stages. In the capacity of competitive advantages the region had to create special economic zones, free economic zones and priority development areas, the Territory used the mineral resources endowment, the geographical position at the border with PRC. In order to assess the prospects of establishing the priority development areas in Zabaikalye, the article presents the well-known theoretical approaches of P. Krugaman and N.V. Zubarevich, shows that the competitive advantages of natural character do not provide a sustainable socio-economic growth. It substantiates that acceleration of developing the territories and levelling out the socio-economic differences can be made possible on the basis of developing the human potential and the sector of social services. The authors voice concerns that in the existing terms of Zabaikalye Territory’s degradation Establishment of the priority development areas is problematic. Prospective use of the benefits and preferences claimed for in the Project of Establishment of PDA «Zabaikalye» require priority development of the social sector, provision of the social levelling-out. The need to activate the social processes and to form the regional development program that meets the complexity of the socio-economic situation is determined by the growing completion level between the microregion’s entities for attracting investment resources. In this situation, the Zabaikalye Territory’s odds to permanently take a hold on the periphery of the FEFD socio-economic development are rather high.

scholarly journals Evolution of Perceptions about the Essence of Capital as a Scientific Category and a Factor of the Socio-Economic Development

2019 ◽  
pp. 96-110
Author(s):  
А. TARASENKO ◽  
N. HRYNCHAK ◽  
V. PARKHOMENKO
Keyword(s):  
Economic Growth ◽  
Social Capital ◽  
Human Capital ◽  
Economic Development ◽  
Economic Factors ◽  
Production Processes ◽  
The Social ◽  
Socio Economic Development ◽  
Social Wealth ◽  
The Impact

The article’s objective is to investigate the logic of evolution in the essence and forms of capital under the impact of the changing sources and factors of socio-economic development and social wealth.   The visions of capital prevailing from the middle of the eighteenth till the middle of the nineteenth century are analyzed, to demonstrate that although the classical tradition did not deny the impact of out-of-economic factors on the economy as a whole and the human behavior in particular, the analysis focused on the purely economic factors of growth and distribution of the social wealth. The paradigm of the classical school was changed in the end of nineteenth century by the emerging institutional theory: factor theories of economic growth were replaced by substantiations of multidimensional sources of socio-economic development. The twentieth century was marked by the two achievements: (i) the understanding that the social wealth could not be confined to the material wealth; (ii) a new vision of a mix of factors behind the socio-economic development: natural, technical and technological, and institutional, with research focus gradually shifting from material factors to information and institutional ones.   The following significant move in the vision of capital was the line drawn between the notions of “economic growth” and “economic development”: emphasis on economic growth as the fundament of development made the economic theory inapplicable in studies of broader development perspectives.    A new phase in the economics started in 70s of the twentieth century, with rise of the neo-institutional theory assuming that the material welfare of a nation could not be gained by means of traditional production factors and capital accumulation without a highly developed institutional structure of the society.    The philosophical and economic rediscovery of capital was made by the neo-classical school: by treating capital as a way of value utilization rather than a tangible form, it denied a criterion of capital commonly adopted in the political economy of earlier times, i. e. its alienability, together with the materialistic approach to interpretation of capital. The set of capital parameters was expanded by including in it skills and qualifications (human capital), social relations and networks (social capital), political and economic institutes (institutional capital), and, eventually, intellectual objects of intangible nature. It shows that the forms of capital were transforming from tangible (material) to human and intellectual (intangible) ones. This phase is marked by rise of the theory of human capital, reflecting the cardinal change in the role of the human factor and its impact on science and technology development, production processes and labor productivity. The notion of “social capital” was introduced in economics by abandoning out-dated visions of capital as a purely materialistic phenomenon associated with the material production processes and adopting to broader concept related with social development, with emphasis changing from links of humans and wealth to relations between humans in a broader humanistic sense.    

SOCIALIZATION AND SOCIAL QUALITY AS INSTRUMENTS OF THE STATE POLICY OF SOCIO-ECONOMIC DEVELOPMENT

2020 ◽  
Vol 2020 (10) ◽  
pp. 3-18
Author(s):  
Valeriy HEYETS ◽  
Keyword(s):  
Economic Development ◽  
Public Administration ◽  
State Policy ◽  
Social Dimension ◽  
The European Union ◽  
Association Agreement ◽  
Social Quality ◽  
The Social ◽  
Socio Economic Development ◽  
The Individual

Self-realization of the individual in the conditions of using the policy of “social quality” as a modern tool of public administration in a transitional society is largely related to overcoming the existing limitations of the individual in acting in such a society and economy transitioning to a market character. Given that, in particular, in Ukraine the market is hybrid (and this is especially important), the existing limitations in self-realization of the individual must be overcome, including, and perhaps primarily, through transformations in the processes of socialization, which differ from European practices and institutions that ensure its implementation. Thus, it is a matter of overcoming not only and not so much the natural selfish interests of the individual, but the existing gap in skills, which are an invisible asset to ensure the endogenous nature of economic growth. It is shown that there is an inverse relationship between the formation of socialization and the policy of “social quality”, which is characterized by the dialectic of interaction between the individual and the group and which is a process of increasing the degree of socialization. The latter, due to interdependence, will serve to increase the effectiveness of interaction between the individual and the group, which expands the possibilities of self-realization of the individual in terms of European policy of “social quality” as a tool of public administration, whose successful application causes new challenges and content of the so-called secondary sociology. The logic of Ukraine's current development shows that new approaches are needed to achieve the social development goals set out in the Association Agreement between Ukraine and the European Union and to minimize the potential risks and threats that accompany current reforms in Ukrainian society. They should introduce new forms of public administration to create policy interrelationships of all dimensions, as proposed, in particular, by the social quality approach to socialization, the nature of which has been revealed in the author's previous publications. As a result, the socio-cultural (social) dimension will fundamentally change, the structure of which must include the transformational processes of socialization of a person, thanks to which they will learn the basics of life in the new social reality and intensify their social and economic interaction on the basis of self-realization, thereby contributing to the success of state policy of social quality and achieving stable socio-economic development.

Victor S. D'Souza. Development Planning and Structural Inequalities: The Response of the Underprivileged. New Delhi: Sage Publications 1990. Pages 206 + Index. Price: Rs 180 (Hardbound).

1991 ◽  
Vol 30 (3) ◽  
pp. 313-317
Author(s):  
Ziaul Haque
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Social Structure ◽  
Social Transformation ◽  
Social Inequalities ◽  
Census Data ◽  
Development Planning ◽  
Capital Formation ◽  
Indian Society ◽  
The Social

Deveiopment planning in India, as in other developing countries, has generally been aimed at fostering an industrially-oriented policy as the engine of economic growth. This one-sided economic development, which results in capital formation, creation of urban elites, and underprivileged social classes of a modern society, has led to distortions in the social structure as a whole. On the contrary, as a result of this uneven economic development, which is narrowly measured in terms of economic growth and capital formation, the fruits of development have gone to the people according to their economic power and position in the social structure: those occupying higher positions benefiting much more than those occupying the lower ones. Thus, development planning has tended to increase inequalities and has sharpened divisive tendencies. Victor S. D'Souza, an eminent Indian sociologist, utilizing the Indian census data of 1961, 1971, and 1981, examines the problem of structural inequality with particular reference to the Indian Scheduled Castes and Scheduled Tribes - the two most underprivileged sections of the present Indian society which, according to the census of 1981, comprised 15.75 percent and 7.76 percent of India's population respectively. Theoretically, he takes the concept of development in a broad sense as related to the self-fulfIlment of the individual. The transformation of the unjust social structure, the levelling down of glaring economic and social inequalities, and the concern for the development of the underprivileged are for the author the basic elements of a planned development. This is the theoretical perspective of the first chapter, "Development Planning and Social Transformation".

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