The paradigm of transformative investment in the context of socially oriented theories

The article is devoted to the study of transformative investments in the context of socially oriented theories. The growing inequality of the regions, the lack of equal opportunities in obtaining basic vital goods force society to look for new forms of overcoming social problems, which include transformative investments. The new investment paradigm, which provides for investing in solving social and environmental problems, has become widespread in many countries, the potential of this type of investment is growing every year, meeting the goals of sustainable development. Despite the fact that the investment directions of transformative investments involve investing in various spheres, this article considers only social aspects. In connection with the above, the purpose of the proposed work is to present a paradigmatic justification of transformative investments in the context of socially oriented theories. It should be noted that the phenomenon of transformative investments can theoretically be explained in the context of different theories and concepts, depending on research tasks. In this paper, the theories of social justice and social policy, the theory of the welfare state are considered. To understand the essence of transformative investments, the paper considers their main characteristics, which allowed reflecting the specifics of these investments and the features of their evaluation. Transformative projects are aimed at solving a significant social problem, they must bring financial returns and ensure guaranteed profitability, which distinguishes them from projects provided by charity or state support. The scientific novelty of the work lies in the fact that this group of theories (along with other theories) can serve as a theoretical platform for the study of transformative investments aimed at the development of the social sphere, complementing the works of Russian and foreign scientists. The results of theoretical studies conducted by the authors determine the choice of the main directions and forms of investments that allow optimizing the social policy of the state. The paper concludes that it is necessary to maintain a balance in the social and economic spheres, taking into account the already established institutions and preventing abrupt changes in the redistribution of income; providing the population with appropriate tools and its active participation in development processes.