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Approach to Reduction of Socioeconomic Inequality

Decrease of Vulnerability and Strengthening Resilience

Bibliographic Data

ID13022342
AuthorsOna Gražina Rakauskienė (0000-0002-6151-3104, Mykolas Romeris University), Herbert Strunz (Mykolas Romeris University, corresponding author)
Year2016
Volume9
Issue4
Pages243-258
Publication date2016-12-01
Open AccessYes
TypeARTICLE
VenueEconomics & Sociology (JOURNAL)
Journal identifiersISSN: 2071-789X • E-ISSN: 2306-3459
PublisherCentre of Sociological Research, NGO (PUBLISHER)
DOI10.14254/2071-789x.2016/9-4/15
OpenAlexW2586909876
LanguageEN
Citations received5

The paper analyses the issue of socioeconomic vulnerability by applying the concept of strengthening resilience of an individual, society and country to socioeconomic inequality reduction. Traditionally, the concept of vulnerability describes the exposure to risk and risk management including insurance against shocks and threats. However, this paper presents a new approach in which the issue of socioeconomic inequality is addressed not by applying traditional social policy measures, but by strengthening individual and societal resilience: by shaping an educated society characterised by high level of culture and morality and based on solidarity; reducing social tensions; fostering a happy individual who perceives the meaning and fullness of life and is involved in the creation of socioeconomic life. The purpose of the paper is to justify the development of inclusive society and reduction of socioeconomic inequality through examination of socioeconomic vulnerability factors and strengthening of individual and societal resilience. This paper presents the key results of a subjective study which we carried out in January -February 2016

Development economics · Economic growth · Economic inequality · Economics · Human capital · Human development (humanity · Inequality · Population · Socioeconomic status · Sociology · Standard of living · Vulnerability (computing · Agricultural risk and resilience · Psychological Well-being and Life Satisfaction · Regional Development and Management Studies

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Citations per year0.83
Citation span2020 - 2023 (4)
Highly citedNo

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