Intergenerational Justice: Challenges and Perspectives in the Republic of Armenia

Abstract

As part of the research presented in this article:

• the ideological and theoretical-methodological foundations of ensuring intergenerational justice as an economic issue were examined, along with its role, significance, and possible approaches to addressing the problem in the context of the theory of justice;
• the intergenerational justice component within the structure of the Social Justice Index and the methodology for its assessment were studied;
• based on the methodology of the Social Justice Index, the current state of intergenerational justice in Armenia was assessed through the analysis of the most comparable data and indicators, as well as their dynamics, and the main challenges arising from the issue were identified.

The research applied methods of economic and statistical analysis, chronological series, scientific deduction, and abstract methods.

The study revealed that all key indicators of intergenerational justice exhibit concerning trends. Data on pension and family benefit policies point to a likely deepening of income inequality in the future, along with a continued decline in opportunities for vulnerable population groups. Should the dynamics of environmental indicators continue, the next generation is sure to inherit an ecological environment with significant negative consequences for the quality of life. Trends in R&D investment and public debt indicators warn of the prospects of reduced competitive opportunities for the economy in the future and a significant increase in the tax burden.

Timely acceptance of the challenges arising from intergenerational justice, as well as the assessment and refinement of the resulting factor priorities in public policy, will not only allow inheriting better living conditions for the next generation, but also lay a solid foundation for long-term sustainable economic development.