Risks of Socio-economic Uncertainty for the Well-Being of the Population: The Experience of Developed and Developing Countries

The purpose of the study is to identify current risks of uncertainty for the well-being of the population of various countries and to form a set of effective measures to manage them and adapt economic systems to external and internal changes. The authors investigated the current risks of uncertainty of the external environment and their impact on the development of various countries. Moreover, the authors identified the corresponding risks for economic systems. The research analyzes the indicators of the well-being of the population of G7 and the Eurasian Economic Union countries in dynamics. The state policy measures that provided some of the studied countries with positive results of maintaining the level of well-being in 2020–2021 are systematized. The authors concluded that success in overcoming modern risks of socio-economic uncertainty does not always depend on the degree of economic development of the country and the high level of well-being of the population. The authors revealed a high differentiation in the effectiveness of state policy of different countries for the population’s well-being. A set of measures for risk management for the population’s welfare to adapt economic systems to external and internal changes is substantiated.