MATERIAL LIVING CONDITIONS AND ECONOMIC SECURITY OF THE POPULATION IN THE REPUBLIC OF NORTH MACEDONIA
Journal
Economic Development, JOURNAL OF THE INSTITUTE OF ECONOMICS - SKOPJE
Date Issued
2022-10-20
Author(s)
Vladimir Petkovski, Iskra Stanceva Gigov
DOI
https://www.doi.org/10.55302/ED22242091p
Abstract
In the past few years, as the world and conditions we live in
are constantly changing, it demands that the measurements for quality of life
change accordingly. Measurements of quality of life can not be just a canonical
representation of the economic development of countries and their populations. They should, in fact, encompass the whole of life, namely the objective
and subjective perception of the individual about the quality of life. The economic measure of GDP for measuring the quality of life can not estimate the
quality of life, therefore we move to a more comprehensive range of indicators
when it comes to measuring the quality of life of the citizens in a country, more
specifically the Republic of North Macedonia. This research paper looks to
present the material living conditions and economic security of the people of
North Macedonia as a part of quality of life indicators proposed by Eurostat.
The statistics’ indications show that the Republic of North Macedonia
regarding the material living conditions is at a relatively adverse level. There
is still a large percentage of people living in severe material conditions or at the
poverty threshold and the pandemic is causing that value to rise. . Furthermore,
most analyses indicate that the population live in conditions of economic
insecurity, and the pandemic additionally jeopardized and influenced its
increase. Therefore, social economic measures and changes are needed, which
can improve the material conditions for the life of the population, reduce the
percentage of those living on the margins and increase the economic security
of the population.
are constantly changing, it demands that the measurements for quality of life
change accordingly. Measurements of quality of life can not be just a canonical
representation of the economic development of countries and their populations. They should, in fact, encompass the whole of life, namely the objective
and subjective perception of the individual about the quality of life. The economic measure of GDP for measuring the quality of life can not estimate the
quality of life, therefore we move to a more comprehensive range of indicators
when it comes to measuring the quality of life of the citizens in a country, more
specifically the Republic of North Macedonia. This research paper looks to
present the material living conditions and economic security of the people of
North Macedonia as a part of quality of life indicators proposed by Eurostat.
The statistics’ indications show that the Republic of North Macedonia
regarding the material living conditions is at a relatively adverse level. There
is still a large percentage of people living in severe material conditions or at the
poverty threshold and the pandemic is causing that value to rise. . Furthermore,
most analyses indicate that the population live in conditions of economic
insecurity, and the pandemic additionally jeopardized and influenced its
increase. Therefore, social economic measures and changes are needed, which
can improve the material conditions for the life of the population, reduce the
percentage of those living on the margins and increase the economic security
of the population.
Subjects