Social changes and social reforms require measures that actually expand the base of the innovative macroeconomic style of development. This is the main trend of the current stage of socialization of the economy. At the same time, in the future, the innovative macroeconomic style of development will depend on achieving a certain level in the “quality of living” or creating a “social infrastructure” (development of education, medical care, etc.). Their solution assumes the implementation of radical social transformations for the benefit of the entire population, that is, implementation of a set of measures, objectively accelerating the socialization of the economy. The success of the socialization of the economy depends on the pace of innovative macroeconomic style of development. From our point of view, the uniqueness of the innovative macroeconomic style of development lies in the fact that it largely based on endogenous factors, primarily human capital. The innovative macroeconomic style of development has a significant absorption capacity of skilled labor, contributes to employment growth in the advanced industries of the economy. The development of advanced modern industry provides a powerful impetus for the growth of macroeconomic productivity, savings, and the rate of reproduction of human capital that creates a reliable material base for socialization of the economy in the future.
CITATION STYLE
Gasanov, E. A. (2021). Conceptual Principles of Socialization in the Coordinates of Innovative Macroeconomic Style of Development. In Smart Innovation, Systems and Technologies (Vol. 227, pp. 971–979). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-981-16-0953-4_91
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