Economic sovereignty and economic security of Ukraine (interrelation and mutual understanding) in the context of their doctrinal and legal support

Abstract

The purpose of this article is to address current issues of doctrinal and legal security of economic security of the state with the actualisation of issues concerning the relationship between the concepts of “economic security” and “economic sovereignty” in their relationship and mutual understanding. The authors pay attention to the analysis of existing in the national legal doctrines of individual countries scientific approaches to the definition of “economic sovereignty”, clarify its main features, analyse the scientific approaches of domestic and foreign researchers to define the concept of “economic security” and on this basis own vision of the instrumental content of these definitions. It is argued that the concept of “economic sovereignty” is primary in relation to the concept of “economic security”. The article examines the national systems (models) of economic security of the state, including, in particular, American, Japanese, Chinese, models of institutional entities (in particular, the EU), models typical of countries with economies in transition. The authors found that Ukraine is characterised by a system (model) of economic security of countries with economies in transition, which is fragmented and inconsistent in its construction, which ultimately affects the state of economic security of the state as a whole. It was found that the main goal of Ukraine at this stage of its development in the context of building a national model of economic security is to create an effective system of means to overcome or minimise existing or potential threats, especially in the context of globalisation of trade and economic relations. The paper emphasises the need to borrow positive foreign experience of legal support of relations for the creation and implementation of national systems of economic security of the state to gradually transform Ukraine into an important participant in the processes of international economic security

Mechanisms of strengthening the economic sovereignty of the state in the context of military operations

“…The results of the study develop the main theses presented in Tatsii et al (2021), however, the researchers' work is more theoretical, and it also does not take into account the problems faced by the economy during the war, because the work was written before it began. Yakoviyk et al (2020) determine the key areas of ensuring national security, which can be interpreted as external -joining the global security system (NATO, UN) and internal -ensuring regional security by the country.…”

“…The work of Tatsii et al (2021) significantly influenced the author's position regarding the main areas of research. The researchers reveal the concept of economic sovereignty through the prism of its relationship with the economic security of the state, coming to the conclusion that economic security can be considered as a material embodiment of the economic will of the state (economic sovereignty).…”