FROM THE RULE OF LAW TO ECONOMIC EFFICIENCY AND INCREASING LEVEL OF LIVING: ECONOMIC AND LEGAL ANALYSIS (THE THEORETICAL ASPECT)

Abstract

Introduction. Today, overcoming income inequality and poverty is the basis of sustainable development. Against the background of the actualization of innovations, the scientometric substantiation of the doctrinal role of the rule of law on the interdisciplinary basis of law and the economy of innovations as a rudder of equal access of actors toeconomic chances is an essential component of the economic and legal platform of effective economic dynamics.Problem Statement. The vector of research is the identification of modern key factors influencing the rule oflaw on the economic levers of forming an economic and legal platform for effective economic dynamics and forreducing income inequality.Purpose. Economic and legal analysis of the concept of the rule of law, substantiation of its driving force foreffective economic dynamics and welfare growth.Material and Methods. The basis of the research methodology is the anthropological axis of the researchdiscourse.Analytical, historical and method of retrospective analysis of scientometric theoretical works, forecasting, economic and legal analysis, empirical method.Results. A vector for the development of an interdisciplinary economic and legal concept of promoting the rule of law for the effectiveness of economic dynamics in the information economy with a view to improving welfare by activating the quality of human capital has been initiated.Conclusions. Scientific and theoretical dynamics of the conceptual basis of the rule of law on a cross-sectoralbasis of law and economics as a driver of equal access of actors to economic opportunities, innovation, entrepreneurship is an important component of effective economic and legal platform for the modern domestic development and the overcoming of inequality.