Title: The challenges of socio-economic policy of the USA: economic growth vs. population well-being?

Authors: Evgeniya K. Karpunina; Ekaterina E. Mirgorod; Gulnaz F. Galieva; Anna V. Antoshkina; Dmitry I. Vorobyev

Addresses: G.R. Derzhavin Tambov State University, 392000, Tambov, Internationalnaya Str., 33, Russian Federation ' G.V. Plekhanov Russian University of Economics, 117997, Stremyanny Lane, 36, Moscow, Russian Federation ' Financial Research Institute of the Ministry of Finance of the Russian Federation, 127006, Nastasinsky Lane, 3, Building 2, Moscow, Russian Federation; Ufa State Petroleum Technological University, 450064, Kosmonavtov str., 1, Ufa, Russian Federation ' Kuban State Technological University, 350072, Krasnodar, Moskovskaya Str., 2, Russian Federation ' Moscow State University of Technology and Management named after K.G. Razumovsky, 109004, Zemlyanoy Val, 73, Moscow, Russian Federation

Abstract: Modern states are searching for an optimal socio-economic policy model that ensures long-term economic growth and creates prerequisites for improving the well-being of the population. The purpose of the research is to analyse the socio-economic development of the USA in the period 1990-2019 as a reflection of the state policy, as well as to assess its compliance with the goals of ensuring the well-being of the population. The authors attempt a comprehensive analysis of socio-economic indicators that reflect the level of well-being of Americans in comparison with similar indicators of developed countries leading in terms of GDP (Japan, Germany, France, UK). The article identifies problem areas of social well-being in the USA. The calculation of the integral indicator of the well-being of the US population confirms the results of the analysis of socio-economic indicators. It shows an increased focus of socio-economic policy on the welfare of the population.

Keywords: socio-economic development; population well-being; socio-economic policy; USA; poverty level; household income; expenditure.

DOI: 10.1504/IJPP.2021.121994

International Journal of Public Policy, 2021 Vol.16 No.1, pp.53 - 75

Received: 26 Jan 2021
Accepted: 05 Jan 2022
Published online: 07 Apr 2022 *

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