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The Essence of and the Methodical Approaches to Assessing the World Countries’ Economic Potential as the Basis for the Formation of Their Military Power
Kyzym M. O., Khaustova V. Y., Reshetnyak O. I.

Kyzym, Mykola O., Khaustova, Viktoriia Ye., and Reshetnyak, Olena I. (2022) “The Essence of and the Methodical Approaches to Assessing the World Countries’ Economic Potential as the Basis for the Formation of Their Military Power.” Business Inform 12:17–28.
https://doi.org/10.32983/2222-4459-2022-12-17-28

Section: Economic Theory

Article is written in Ukrainian
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UDC 330.4:330.5

Abstract:
The purpose of the article is to define the essence of the concept of «economic potential» and analyze the existing methodical approaches to its assessment, also to determine the features of the use of the economic potential of the world countries during the formation of their military power. The article considers the approaches of various authors to the definition of the concept of «economic potential». Using the comparison method, similar and distinctive features between the above interpretations are determined. The authors’ own interpretation of the concept of «economic potential» is proposed, which is considered as the available resources of the country, ensuring the achievement of the maximum possible volume of production of military products and products of the defense-industrial complex, which can be used to support and develop the armed forces of the country, to comprehensively ensure the training, prevention and participation in various types of military conflicts. The approaches to determining the structural components of economic potential and methodical approaches to its assessment are analyzed. The carried out analysis proved the lack of a clear methodical approach to assessing the economic potential, which can be used to develop the military power of the countries of the world. It is defined that the methodical approach to assessing the economic potential of the world countries, which is aimed at determining the country’s ability to resist and prevent possible wars or military conflicts, should take into account the resource-based, scientific and innovative readiness of the country. In addition, the main attention should be paid to the possibility of financial support for the country to resist and prevent possible wars or military conflicts, as well as to form the potential of the armed forces capable of withstanding a strong enemy in the conditions of war. It is substantiated that the economic potential of the country should form the following: production capabilities of enterprises producing final products for military purposes; basic branches of military production, supplying in the mode of cooperation components, raw materials, fuel; infrastructure engaged in maintenance of the defense industry (transport, finance, communications, management); export-import potential and the system of foreign economic relations for the supply of military products, in particular weapons, military equipment; conditions for the scientific activity of the country, which is associated with the production of innovative products for military purposes.

Keywords: methodical approach, economic potential, military power, war, military conflict, defense-industrial complex, components of economic potential, assessment of economic potential, military products, innovative products.

Fig.: 1. Tabl.: 1. Bibl.: 40.

Kyzym Mykola O. – Doctor of Sciences (Economics), Professor, Corresponding Member of NAS of Ukraine, Head of Department, Department of Human Development Research, Institute of Demography and Quality of Life Problems of the National Academy of Sciences of Ukraine (60 Tarasa Shevchenka Blvd, Kyiv, 01032, Ukraine)
Email: [email protected]
Khaustova Viktoriia Ye. – Doctor of Sciences (Economics), Professor, Director, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkiv, 61166, Ukraine)
Email: [email protected]
Reshetnyak Olena I. – Doctor of Sciences (Economics), Associate Professor, Head of, Sector of Industrial Policy and Innovative Development of the Department of Industrial Policy and Energy Security, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkiv, 61166, Ukraine)
Email: [email protected]

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