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Scientific Approaches to Understanding the Conception of Global Economic Security
Lymar V. V., Zveriev O. D.

Lymar, Valeriia V., and Zveriev, Oleh D. (2023) “Scientific Approaches to Understanding the Conception of Global Economic Security.” Business Inform 3:6–11.
https://doi.org/10.32983/2222-4459-2023-3-6-11

Section: International Economic Relations

Article is written in Ukrainian
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UDC 323.321

Abstract:
The purpose of this publication is to study scientific approaches to understanding the conception of global economic security. The analysis of current foreign and domestic sources made it possible to classify the scientific approaches of different authors regarding the essence and features of the conception of economic security: as a process of meeting needs; from the point of view of protecting the national interests of a particular country, business entities, individuals; as a state of the system-based object; as a condition for sustainable development; as features of the system elements; as a system for preventing harm; as a manifestation of an integrity of security measures; in terms of economic sustainability and sovereignty of a country; as an aggregate of conditions and factors; as a dynamic development of a system component. It is determined that the conception of global economic security covers a wide range of interrelated issues and elements, such as investment verification, instruments to counteract coercion, research integrity, and stability of supply chains. When focusing on supply chain stability, three main issues should be considered. It is found that the regimes of national economic security require a balance between defensive and offensive policies depending on the specific conditions of the country. The main factors in developing strategies are national security interests and competitive advantages in certain sectors of the trade. Transparency and information exchange between countries is the first step towards meaningful international cooperation on economic security issues. This is crucial to avoid creating protectionist economic weapons that countries can use against rivals. It is defined that in a rapidly changing world, the issue of global economic security becomes the most open and at the same time of responsibility in case of calling and responding to problems caused by various factors of society life as a subject of international economic relations, developing effective mechanisms for dealing with challenges in the sectoral economic parts of the institution of economy.

Keywords: global economic security, national interests, international cooperation, protectionism, competitive advantages, supply chains.

Fig.: 1. Bibl.: 12.

Lymar Valeriia V. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of International Relations and Foreign Policy, Vasyl’ Stus Donetsk National University (21 600-richchia Str., Vinnytsia, 21021, Ukraine)
Email: [email protected]
Zveriev Oleh D. – Postgraduate Student, Department of International Relations and Foreign Policy, Vasyl’ Stus Donetsk National University (21 600-richchia Str., Vinnytsia, 21021, Ukraine)
Email: [email protected]

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