Development of directions for improving the monitoring of the state economic security under conditions of global instability

Abstract

The long-term pressure of the COVID-19 pandemic and hostilities in Ukraine have caused catastrophic consequences in all sectors of life, which negatively affect the overall level of economic security of the state. In these circumstances, the task to adjust the mechanisms for assessing the state of economic security, taking into account existing non-standard challenges, is urgent. The object of this study is the processes of transformation of mechanisms for monitoring the state of economic security of the state under conditions of global instability. The conceptual foundations for monitoring the state of economic security of the state have been deepened and, taking into account the results of the expert assessment, the directions of its modification have been proposed for practical application. The need to revise the weighting values of indicators of the state of economic security, taking into account the principle of "critical" link, has been determined. The need to update the list of indicators of the state of economic security, taking into account structural changes in the state economy, was emphasized. It is recommended to use the multiplicative form of the integral indicator of the state of economic security instead of the additive one, as well as the method of the reference coefficient instead of the normalization method relative to the scope of variation. The state of economic security in the context of its structural parts is comprehensively assessed. The existing trends of deterioration of the state of demographic, investment-innovative, macroeconomic subsystems, which should be considered as sources of "weak link", have been registered. The decrease in the level of economic security from 52 % in 2007 to 47 % in 2021 has been proved. The practical use of the scientific results reported here could contribute to improving the effectiveness of management decisions aimed at strengthening the system of economic security of the state under modern conditions of global instability.

Monitoring of relationships between indicators of food security of the states

“…The study [14] started the work on the adjustment of the state of economic and food security of the state. This work should continue, considering the non-standard existing challenges.…”

“…Its weight in the calculation is 30%. The economic accessibility of food contains indicators of the following groups: change in the average cost of food; the specific weight of the population in a state of global poverty (living on an amount less than 3.2 US dollars/1 day); individual income adjusted for the level of inequality; peculiarities of agricultural trade; food security programs [14]. [12] and data [11] According to the evaluations of the component of the Global Food Security Index, which signals the economic accessibility of food, in 2022, Ukraine ranks 65th in the world and last among European countries.…”