By: Oleg Mozgoviy, Doctor of Economic Sciences, KNEU, Oksana Yurkevich, PhD, Associate Professor, KNEU
State goal-oriented programs are a usual tool of solving large-scale economic and social problems in Ukraine. However, the lack of money and responsibility for failing to reach the stated objectives have transformed this instrument of solving social problems into a mere declaration of intentions. In the meantime, the development of the theory of social investment has led to the emergence of new financial instruments in the developed countries, which are known as social impact bonds. They have a potential of becoming an efficient tool of solving social problems.
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