Ensuring the national economic security of Ukraine in the context of major global transformations

Abstract

The third section of this chapter is devoted to the justification of scientific and practical approaches to ensuring the security of national economies in the context of deepening global transformations based on the analysis of the current global economic security landscape. This involves defining the factors, conditions, and patterns that will determine the configuration of national security systems and that must be taken into account when implementing countries’ economic security policies. Challenges and risks for the national economic security of countries, and Ukraine in particular, caused by the influence of current transformations of the global environment are identified. The contradictions of the current global economic security landscape, which determine the evolution of approaches to economic security policy development, are highlighted, namely: the relationship between national security and an open economy, the opposition of a unilateral approach to multilateralism, and the need to take into account China’s strategy. Recommendations for improving the quality characteristics of national security systems, considering their growing dependence on global conditions, are justified based on the identification of the components of the economic security system, structural and qualitative requirements for it, and factors of the global positioning of countries that influence security policy. The need for increased flexibility of the national policy of ensuring economic security as an important requirement for the security system are highlighted, given rapid changes in the security environment and the appearance of new security challenges and threats. Based on a comparison of the top 10 global risks that will have the greatest impact on countries’ national security in the next 2 and 10 years, a conclusion is drawn towards a significant difference in the impact of risks in the short and long terms, as well as the appearance of new security risks. Taking into consideration the growing influence of global transformations on countries’ security systems, the importance of international cooperation in solving problems of ensuring economic security is indicated, and recommendations on the development of regional security complexes are provided.