STRATEGIES FOR ENSURING ECONOMIC SECURITY OF THE COUNTRY UNDER GLOBAL CHALLENGES

Abstract

In the conditions of globalization and rapid technological development, ensuring the country’s economic security is a complex and multifaceted task. The article examines major global challenges such as financial crises, cyber threats, climate change and geopolitical instability and their impact on economic security. Existing approaches and strategies are analyzed, including diversification of the economy, support of small and medium-sized businesses, development of renewable energy sources, and strengthening of the financial system. New measures and strategies that take into account the country’s specific conditions and needs for effective response to modern challenges are also proposed. Financial crises, as the experience of 2008 shows, can have a devastating effect on the economy, leading to recessions, rising unemployment and lower incomes. In this context, it is important to create reserve funds and develop effective stabilization mechanisms. Cyber threats, with the development of digital technologies and Internet communications, are becoming more and more relevant. Attacks on financial systems and critical infrastructure can lead to significant financial losses and undermine trust in public institutions. Climate change poses risks to economic security through the destruction of infrastructure, reduced agricultural yields, and increased costs of natural disaster relief. Geopolitical instability, conflicts and sanctions can destabilize global trade flows and financial markets. The article also considers the need for international cooperation and integration of innovative technologies to ensure sustainable economic development. The conclusions emphasize the need for adaptive strategies that take into account the new global realities. Comprehensive analysis of current threats, identification of key vulnerabilities, and development of adaptive and sustainable measures can ensure stability and prosperity of the nation. Proposed measures and strategies include the development of national economic stability through the diversification of the economy, support of small and medium-sized businesses, strengthening of the financial system and ensuring energy security through the development of renewable energy sources and energy efficiency. Thus, the study provides a comprehensive overview of challenges and strategies for ensuring economic security, emphasizing an integrated approach and the need for international cooperation. This research will contribute to the development of effective strategies to protect national interests and ensure sustainable economic development in the face of global challenges.