Social Safety of Society for Developing Countries to Meet Sustainable Development Standards: Indicators, Level, Strategic Benchmarks (with Calculations Based on the Case Study of Ukraine)

TLDR

The study aims to assess Ukraine’s social safety level by integrating shadow‑economy indicators and to formulate strategic scenarios for sustainable development by 2030. The authors applied normalization, threshold‑vector determination, and dynamic weighting to construct a composite index of social safety based on living standards, demographics, and quality of life, enabling threat identification, trend comparison, and strategic goal setting. The resulting approach is universally applicable for countries, regions, or businesses to design evidence‑based medium‑to‑long‑term sustainable development scenarios.

Abstract

The paper is devoted to identifying the level of social safety of society, taking into account the indicators of shadow economy, and developing its strategic scenarios as a component of sustainable development of Ukraine by 2030. The authors used the modern methods of normalisation, threshold vector determination, and dynamic weight coefficients in order to identify the level of social safety of society. The authors developed the structure and a list of indicators considering three components of social safety: The standard of living, the demographic component, and the quality of life. This method allows determining the list and severity of threats, comparing the dynamics of integral indices with integral thresholds in one scale, identifying the state of security, and defining strategic goals and strategies. The suggested approach is universal and can be used by any country, region, economic activity, or business to develop evidence-based medium-to-long-term sustainable development scenarios.