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The governments of all countries are pressing towards improving of the welfare of their citizens. The high level of welfare demonstrates the right direction and good ongoing socio-economic policy. For many decades, welfare has been evaluated mainly in terms of economic factors, with the Gross Domestic Product (GDP) as the main metric for gauging the quality of peopleВ’s lives. Researchers are seeking to assess more precisely the welfare of the population, avoiding usual economic indicators. The interest in alterna...

The economic literature published the last five years includes many different versions explaining the occurrence, development and possible way out of the socio-economic crisis. We are in a situation where the old economic structure lags behind in its technological development and the existing inertia delays restructuring. In addition, there are new complex threats (for example, the sanctions). The behavior of socio-economic regional systems, that have their own methodological characteristics and, to some extent, a...