The paper analyzes some characteristics of the contemporary world economy and highlights the major challenges related to socio-economic areas and, on a broader scale, to economic growth and development. The research identifies as possible solutions for those challenges related to inequality, poverty and the impact of the fourth industrial revolution on the labor market the adoption of new and less conventional approaches, such as the Universal Basic Income (UBI), Universal Basic Assets (UBA) and Universal Basic Infrastructure (UB-Infra). The conclusions refer to some less explored potential beneficial implications of these approaches on economic growth and development.

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