Approach to reduction of socioeconomic inequality: decrease of vulnerability and strengthening resilience

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Abstract

The paper analyses the issue of socioeconomic vulnerability by applying th e 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
Original languageEnglish
Pages (from-to)243-258
JournalEconomics and Sociology
Volume9
Issue number1
DOIs
Publication statusPublished - 2016

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Keywords

  • Socioeconomic inequality
  • Vulnerable groups
  • Resilience
  • Hardiness

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