Modern approaches in quantifying economic security. Case sudy of Estonia, Latvia, Lithuania and Republic of Moldova

Abstract

Economic security has been and will be a key concept in international economic relations. Nowadays the analysis of this concept became as urgent as it has never been earlier. This paper examines three approaches covering the quantitative analysis of the economic security. The process of economic security maintenance is carried out differently in each period of the history. That is why, economists have been keeping an eye on measuring it. Also, it is proved that threats are modified in the conditions of globalization, so that nowadays it appears another variable in this equation: national vulnerability and economic resilience.