The role of the state in supporting social investment projects to ensure sustainable development

Abstract

Human, intellectual, and social capital serve as the foundation for the modern global socio-economic environment, impacting the competitiveness of economic systems and playing a pivotal role in their development. However, social responsibility has emerged as a pressing concern, with governments often failing to provide adequate social security to citizens due to various reasons. State-level provisions typically offer minimal social guarantees, leaving urgent issues unresolved and social assistance mechanisms ineffective. This article aims to clarify the theoretical foundations and practical trends in social investment project development, emphasizing their significance for both individual companies and the broader socio-economic context. The research employs analytical and bibliographic methods to examine relevant scientific literature, employing systemic and structural analyses, comparisons, logical and linguistic methods, as well as induction, deduction, information synthesis, abstraction, and idealization for data processing. Additionally, an online questionnaire survey was conducted to identify key issues related to social investment project development. The study's results highlight crucial theoretical aspects of social investment in the economy and explore the perspectives of scientists and heads of local government departments on its pivotal dimensions and importance for economic and social progress.