Determinants of Development of Socio-Economic Systems

Abstract

The aim of the study is to determine the dynamics of development, factors and determinants that can stimulate the development of socio-economic systems. There proposed the author’s approach to the concept of “development of the socio-economic system”, which should be understood as gradual quantitative and qualitative changes in the functioning of the social and market institutions of the system. The theoretical principles of the dynamics of development of socio-economic systems that allow identifying the determinants capable to qualitatively change the development of socio-economic systems are systematized. The novelty of the study is the proposed formalized approach to development determinants that in the aggregate significantly change the functioning of the socio-economic system. It is proved that the determinants of development cause fluctuations, phase transitions from the previous level of development to the next one.

Keywords

• dynamics
• development
• socio-economic system
• determinants of development
• cyclicity of development