Development of the methodology for evaluating the economic security of the entrepreneurship in the international trade system

Abstract

The object of research is the methodology for assessing the level of economic security of the state from the standpoint of analyzing its foreign trade. The perception of the economic security of countries is not yet unambiguous; it is important to study the theoretical foundations of economic security. In the works of the predecessors, the hierarchy of the concept of economic security was determined and the concept of the economic security of the state was proposed. But most research is not comprehensive enough. The components of the country's economic security are determined through three groups of risks, but such a division does not take into account most of the threats and is not sufficiently detailed and comprehensive. In the scientific works of economists, the methodology, level, indicators are presented as separate aspects of the formation and management of the economic security of the state. Without denying the significant contribution of these developments, the study noted the lack of a unified methodology for assessing the level of economic security of the country. Accordingly, this study was aimed at presenting a conceptual approach to the methodology for assessing the level of economic security of the country, based on the study of international trade and the main statistical indicators of the economy. The study of the level of economic security of the country is based on the use of indicators built on indicators of the state of the country's economy and its international trade. The paper studies the dynamics of the main socio-economic indicators of the development of the economies of the associated trio of countries: Georgia, Moldova and Ukraine. And also the state of economic security of countries and prospects for further development are determined. It has been established that Ukraine in the pre-war period had a better level of economic security than Georgia and Moldova.

Analysis of determinants of the influence of the external economic sphere on economic security of the state

“…The vulnerability of the national economic macrosystem to global challenges and geopolitical conflicts has the greatest impact on the state of the country's trade relations with its partners. Therefore, there is a direct con nection between international economic security and the foreign economic component of national security, which can be traced by comparing the results of the analysis of geo political changes and the dynamics of the main indicators of the country's foreign trade [16]. ISSN 2664-9969…”

“…For ease of comparison, indicators are calculated in USD. Conver sion from national currencies is carried out not at mar ket exchange rates, but at purchasing power parity [16]. According to the results of 2020, Ukraine created GDP in the amount of 155.4 billion USD, which is 0.05 % of world GDP.…”

“…The decrease in export volumes also affected the ability to consume imported goods. Analyzing the state of Ukraine's foreign trade relations for 2010-2022, it can be concluded that Ukraine's merchandise trade with EU member states maintains its potential [16]. ISSN 2664-9969…”

“…The share of domestic imports in world trade decreased to 0.2 % in 2019, which is the level of 2010. The ag gressive expansion of commodity imports led to a sig nificant deformation of the domestic commodity market, causing the decline of the main industries and a critical accumulation of the trade balance deficit: -2.9 % to GDP in 2010, -7.8 % to GDP in 2021 [16].…”