SOCIAL AND ECONOMIC RESERVES OF THE MODIFYING OF THE CONTEMPORARY SOCIAL STATE

Abstract

The article deals with todays’ challenging task – finding the way out of the intricate situationUkraineis in as a social and economic state. World experience confirms that a high standard of living exists in states where the government understands the importance of social life in society and creates conditions for its development. Countries ofWestern Europegradually realized the need for such a development of economic relations, which would take into account the human factor as much as possible, from the second part of the last century. Given the functions in the process of social reproduction, the social sphere is a significant factor in the formation of the territorial features of the spatial organization of material production and living standards of the population, which is conditioned by differences in composition and level of development of the totality of its elements.

The author underlines the need for social and political stability, proper functioning and further development of the Ukrainian economy, namely, job creation and attracting investment. The article emphasizes on state’s responsibility for budget formation, money flow, tax and customs policies. For comparison the author brings about theoretical principles of alike modifications suggested by foreign authors.