Akademik Məlumat İdarəetmə Sistemi
International Journal of Sustainable Development and Planning, vol.19, no.4, pp.1291-1298, 2024 (Scopus)
The study aims to assess the theoretical foundations and practical realities of the social economy around the world. To achieve a common goal, the study focused on solving three problems: first, to substantiate modern identification and institutional recognition of the social economy on a global scale; second, to explain the general context and historical evolution of the process that contributed to the creation of a favorable political framework in the form of a social economy, highlighting its ecosystem, values and characteristics; thirdly, to determine the weight of the social economy in different countries of the world in market conditions, using external audit. The main subjects of the assessment are associations, social enterprises, and non-profit, public, and volunteer organizations. The study analyzed theoretical paradigms, evolution, and balanced practical implementation in different countries. The results confirmed that the social economy has the potential to create and maintain jobs, improve the quality of life, and reduce income inequality, regardless of the country's economic profile. In the European Union, the social economy is actively spreading through social enterprises and innovations. In the United States, this process involves associations and foundations. In the Russian Federation, the social economy develops through non-profit organizations. The findings deepen the understanding of the social economy and its relevance. In addition, the results provide information to politicians on social justice and sustainable development. Therefore, the study can serve as the basis for programs aimed at supporting socially oriented organizations and enterprises.