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Open Access The Global Uncertainty as a Sign of the Transformation of Socio-Economic System

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It has been determined that the transformation of socio-economic system is related with an increase in uncertainty, as the usual functional linkages are no longer operational as a result of the emergence of new institutions and interdependencies, leading to complication or replacement of an institutional structure. The article allocates and considers the main phenomena that are fundamentally changing the systemic properties of the contemporary socio-economic system (information technology, networked economy, decentralization of power, virtual economy, sharing economy, non-market production, system of universal basic income, etc.), and thus result is transformation of the market economy (capitalism) as a model of public organization. A new macro-economy, based on other laws than classical, is emerging. It is therefore necessary to make more active use of economic science, because there is a need to study the profound socio-economic foundations of the transformation of economic systems, for regardless of the extent of transformation (further complication of market-economy institutions or a radical change in the social-economic system), the global peace will not return to the «past» institutional models.
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Document Type: Research Article

Affiliations: Kharkiv Educational and Scientific Institute of SHEI ┬źBanking University┬╗

Publication date: 01 January 2017

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