Scientific Center of Innovative Research, International Conference on economics, accounting and finance

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THREATS TO ECONOMIC SECURITY UNDER THE CONDITIONS OF ACTIVATION OF GLOBALIZATIONS PROCESSES
Inna V. Shevchuk

Building: Modern aspects of economic development of the state and enterprises
Room: MAED
Date: 2020-07-02 11:10 AM – 11:20 AM

Abstract


The threat is a complex, multifaceted phenomenon, stipulated by key trends, activity or inaction, which, as a result, have a destructive impact on areas that shape the national security of the country [1].

Threats to economic security under the conditions of globalization require the formation and conduct of a balanced foreign policy, which will not only prevent the possible negative impact of such processes, but also contribute to the formation of a set of preventive measures to prevent negative consequences. Among the main threats to the country’s economic security in the context of globalization are:

  1. Imbalance of the world economic system, which causes not only disproportions in world investment flows, but also sharp fluctuations in exchange rates and vulnerability of securities markets.
  2. Active intervention of leading countries not only in the political but also in the economic sphere of weaker countries, which negatively affects not only the political-economic, but also the social, cultural and other spheres of such a country.
  3. The economic crisis and the shortage of fuel and energy resources cause the increase in prices for this type of resources, which, in turn, has a negative impact not only on the structure of consumption of such resources, but also on changes in expenditures of the state budget.

Threats to economic security have a destructive effect on the economic activity of an entity at various levels. The strategic task of the state is to ensure the appropriate level of economic security, as the economic sphere is the basis for the effective functioning of political, social, military and other types of national security. Ensuring the national security of the state creates conditions for economic growth of the state and improving the welfare of its citizens [2]. Therefore, the strategic national interests of the country, along with the support of international economic relations, should be at the center of the process of forming the foreign policy of the state. Particular attention should be paid to balancing the structure of exports and imports, the issue of state protectionism of domestic enterprises, as well as support for the intellectual and scientific-technical potential of the state.

Along with this, it should be noted that globalization is a qualitatively new step in human development and along with obvious shortcomings it has a number of advantages, including: stimulation of technological equipment of the national economic complex, increasing investment attractiveness of the country in order to attract investments to stimulate innovative developmentof the country, increasing the level of competitiveness of domestic enterprises.

 

REFERENCES

1. Shevchuk I. V. (2018) Zahrozy ekonomichnii bezpetsi Ukrainy v umovakh polityko-ekonomichnykh realii. Universytetski naukovi zapysky. No. 1. S. 175-185. (In Ukrainian).

2. Radiukova Ya. Yu., Shamaiev I. N. (2011) Ekonomicheskaya bezopasnost strany kak mnogourovnevaya sistema elementov i otnoshenii. Sotsialno-ekonomicheskiye yavleniya i protsessy. Tambov. No. 1-2. S. 194-198. (In Russian)


Keywords


threat; economic security; globalization; world economic system