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Journal: International Journal of Management (IJM) (Vol.11, No. 10)

Publication Date:

Authors : ;

Page : 828-840

Keywords : social economy models; global and local social indicators; pandemic; factor analysis; economic socialization;

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There are more than 14 million identified cases and more than 0.5 million deaths all over the word because of COVID-19 pandemic. The countries with the developed social economy were more prepared to the pandemic challenges. There is evidencethe health care and social protection systems` development is of the particular importance. Countries with different social economy models (Liberal, Continental, Scandinavian, Mediterranean, and Transitive) have different main components of social development that influence social economy results. The aim of the article is to research global and local social factors and indicators for each social economy model to highlight the main characteristics and patterns of these models in pandemic conditions. The object of the study is country-core of social economy models (Belarus, Slovakia, Ireland, Sweden). The research method is the factor analysis of the global and local social indicators. Factor modeling revealed that all social economy models have a group of factors that characterize the general state of social development and the foundations for the economic socialization and medical care ensuring. The peculiarities, patterns of functioning and trajectories of social development of social economy modelshave been determined in the article. The obtained results and recommendations can be implemented when developing and revising social economy policy

Last modified: 2021-02-01 18:38:46