Social Wellbeing as a Criterion of Structural Policy Efficiency

Abstract

Social wellbeing of nation is not only a constitutional goal of the state, but, above all, the quintessence of all large-scale economic and political transformations. In Russian economy the gap between the objectives of social and structural policy is broadening. As a result, in the course of reforms the "vicious circle" of structural problems and reducing the wellbeing of Russians arose and deepens now. This circle consists of the following problems: de-industrialization of Russian economy - decreasing of social wellbeing – decreasing of the necessary for neo-industrialization of economy stable social group - the weakening of factors targeted to the structural changes - the continuation of de-industrialization. Structural economic changes along with the improvement of macroeconomic dynamics should be aimed at socially important priorities of economic development, without exception. In that context, we suppose the ultimate criterion of structural changes to be the growth of social wellbeing of Russians by increasing labor productivity, the establishment of new high-tech industries, and the formation of new sustainable social groups in the neo-industrialization of Russian economy.