Poverty in Russia: economic and social implications

Keywords: social policy, standard of living, poverty alleviation, income, wealth

Abstract

The purpose of the research is to analyze of poverty in Russia as the most important social problem of our time. The methodology of the study includes an assessment of the dynamics of socio-economic indicators in Russia in the period 2015-2020, as well as a comparison with European countries. It is shown that the problem of poverty is still one of the most pressing and urgent for modern Russia. Despite the outlined positive dynamics in the poverty level of the country's population in 2018-2019, there was a decline again in 2020, due to the deterioration of the socio-economic situation against the backdrop of the Coronavirus pandemic. As a result, the effectiveness of the earlier measures in the framework of social policy has practically disappeared, and the poverty level has practically reached 13%. The systemic lack of financial support for such critical sectors as education and health care has contributed to a series of cuts in order to save limited resources. A comparative analysis of the main socio-economic indicators in Russia and European countries made it possible to reveal the presence of significant differentiation, since Russia occupies the last positions among the compared countries in terms of basic social indicators.

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Author Biographies

Danil Alekseevich Zyukin, Kursk State Agricultural Academy named after I.I. Ivanov

Senior Researcher, Kursk State Agricultural Academy named after I.I. Ivanov. Russia

Alexey Anatolievich Golovin , Kursk Academy of State and Municipal Service

Associate Professor, Head of the Department of Economic Theory, Regional Studies and Legal Regulation of the Economy, Kursk Academy of State and Municipal Service. Russia

Ruslan Yakovlevich Vakulenko , State Linguistic University named after N. A. Dobrolyubov

Associate Professor, Head of the Department World Economy and Informatics Nizhny Novgorod State Linguistic University named after N. A. Dobrolyubov. Russia 

Olga Vladimirovna Pigoreva , Kursk State Agricultural Academy named after I.I. Ivanov

Professor of the Department of Economics, Management and Humanities, Kursk State Agricultural Academy named after I.I. Ivanov. Russia. 

Elena Nikolaevna Nozdracheva , Kursk State University

Associate Professor in Economics, Associate Professor of the Department of Economics and Accounting Kursk State University. Russia.

Olga Viktorovna Khorlyakova , Kursk State Medical University of the Ministry of Health of Russia

Associate Professor of the Department of Biological Chemistry, Kursk State Medical University of the Ministry of Health of Russia.

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Published
2021-09-02
How to Cite
Alekseevich Zyukin, D., Golovin , A. A., Vakulenko , R. Y., Pigoreva , O. V., Nozdracheva , E. N., & Viktorovna Khorlyakova , O. (2021). Poverty in Russia: economic and social implications . Journal of the University of Zulia , 12(34), 261-281. https://doi.org/10.46925//rdluz.34.16