Grechyshkina E.A. Mechanism of social investments: regional aspect

Grechyshkina Elena Aleksandrovna
Candidate of Economic Sciences, Associate Professor, Chair of Taxation and Social Economics, Volodymyr Dahl East Ukrainian National University, L_grechishkina@mail.ru Prosp. Sovetsky, 59A, 93400 Severodonetsk, Lugansk region, Ukraine

Abstract.
The article describes the approaches to the essence of social investment. The main directions to stimulate economic and social development of the region are defined. Social investment allows to balance corporate and regional interests. The paper presents the relationship of social security, social investment and socio-economic development of the region. The author considers social investments as investments of various kinds of resources into the implementation of social programs in order to improve socio-economic development of society. Participants of social investment are the state, local authorities, businesses and various business entities, budgetary and extra-budgetary funds, public and charitable organizations, individuals, etc. The mechanism of social investment in the context of socio-economic development of the region is proposed. The mechanism of social investment is a complex of interrelated components that provide the intensification of investments of each of the subjects into social programs in order to achieve a higher level and effectiveness of their social and economic development. The subjects of the mechanism of social investment are state and local governments, commercial, charitable organizations and individual investors. The paper summarizes functions of state and local authorities in the process of encouragement of economic and social development of the region based on the enhance of the processes of social investment. It is noted that the purpose of social investment policy should be to promote social and economic development of the region through the creation of conditions for the activation of social investment, taking into account the interests of all participants. Interaction of state and local authorities, companies in the region, commercial and non-profit organizations, individual investors and public through social investment is one of the main components of effective socio-economic development of the region.
Key words: socio-economic development, region, social investment, social security, encouragement, mechanism, subjects, interests, functions, enterprises, government and local authorities.

Attachments:  /1_2_Grechishkina.pmd.pdf