ON  THE  PROBLEM  OF ECONOMIC SECURITY AND ECONOMIC  POLICY

Murman Kvaratskhelia

Journal number 4 ∘ Murman Kvaratskhelia ∘
ON THE PROBLEM OF ECONOMIC SECURITY AND ECONOMIC POLICY

10.36172/EKONOMISTI.2024.XX.04.KVARATSKHELIA

Expanded Summary

The main thing for the development of the modern world economy is to ensure its stability, so that an unforeseen and unpredictable crisis does not arise, which will have a painful impact on the the well-being of the population of the countries. Achieving of the stability is absolutely necessary and essential, but difficult, because unexpected fluctuations are expected time and time again and namely this becomes an important factor of economic stagnation. Because of this, the global economy is constantly looking for solutions and does not easily face new challenges. Sometimes such news appears as a sign of progress, and completely different methods appear to overcome and defeat it.

The phase of growth and stability of the world economy is practically opposed by the intense and sometimes, especially from the powerful states competition "without rules", having place between the international geopolitical processes and the leading countries, the so-called “arm-wrestling” so usual and common in the industrial and post-industrial era. Such situations aggravate even more the solution of the issue of the economic security of individual countries. In this case, countries with "small economies" are facing multiple threats. All this indicates that the economic war in the world is gradually becoming more intense, with the continuation of the already clearly defined policy, in the form of a bloody confrontation.

In the present conditions, the capitalist system is in the process of searching for the progressive ways. Though, the desire for such innovations is not able to go beyond the field of experiments yet. In this case, one very important problem is identified in the form of economic nationalism. This process is an indicator of national economic sovereignty for small economies, which may cause some discomfort to developed and hegemonic countries. This can become the basis for the disharmony in the world economy with its various contradictions and undesirable consequences.

The economic policy of all countries is qualitatively related to the security of the economy. In this case, it is very important to reconcile such categories as economic security and economically secure country. Such problems are very relevant and great importance is attached to the economic scale of individual countries and their characteristics. If the country regardless of its size, possesses necessary and essential natural resources it becomes worthy of respect and of being taken into consideration and therefore, its assessment criteria are very high.

Achieving national security for any country requires the implementation of the correct and self-interested economic policy. At the same time, it is necessary to ensure healthy, fair and strong economic opportunities if we want to achieve sustainable national security. It is necessary to take into account the lessons of global processes, on the experience of which one's own security should be built, and this is correlated with the level of poverty in the country, the inequality of development and the emergence of foreign threats. All this is connected with the fluctuations and cataclysmic processes ongoing in the global economy, for which States are not always ready, and is associated with one of the main factors when a Sovereign State experiences heavy pressure from the other states.

The existence of levels of economic security shows that it is related to the reduction of poverty of the certain strata of the population, which indicates the effectiveness of social policies. These are sector – specific ones, which ensure the development of industrial sectors at such a level, which will lead to optimization of the sectoral structure of the country's economy and strengthening of the economic security and regional security, which is related to the overcoming of the country's territorial disproportion and which will necessarily become one of the main factors for the inclusive development. National or State security and inter-state and inter-national security should reach the world level.

The economic policy pursued by the States is directly related to the economic security. In this case, the indicators of the economic scale of individual countries are significant. If the country possesses self-sufficient and necessary resources, the assessment criteria for reporting it both regionally and internationally are very high.

Achieving economic security is also a guarantee for the economic stability and sustainability. Security is realized through employment, solvency liquidity, advanced technology investment, foreign minimization in the fields of protection against external and internal threats. Its goal is to minimize the risks of individual threats.

EKONOMISTI The international scientific and analytical, reviewed, printing and electronic journal of Paata Gugushvili Institute of Economics of Ivane Javakhishvili Tbilisi State University

DOI: 10.36172/EKONOMISTI E ISSN 2346-8432 Print ISSN 1987-6890	Journal number 4 ∘ Murman Kvaratskhelia ∘ ON THE PROBLEM OF ECONOMIC SECURITY AND ECONOMIC POLICY 10.36172/EKONOMISTI.2024.XX.04.KVARATSKHELIA Expanded Summary The main thing for the development of the modern world economy is to ensure its stability, so that an unforeseen and unpredictable crisis does not arise, which will have a painful impact on the the well-being of the population of the countries. Achieving of the stability is absolutely necessary and essential, but difficult, because unexpected fluctuations are expected time and time again and namely this becomes an important factor of economic stagnation. Because of this, the global economy is constantly looking for solutions and does not easily face new challenges. Sometimes such news appears as a sign of progress, and completely different methods appear to overcome and defeat it. The phase of growth and stability of the world economy is practically opposed by the intense and sometimes, especially from the powerful states competition "without rules", having place between the international geopolitical processes and the leading countries, the so-called “arm-wrestling” so usual and common in the industrial and post-industrial era. Such situations aggravate even more the solution of the issue of the economic security of individual countries. In this case, countries with "small economies" are facing multiple threats. All this indicates that the economic war in the world is gradually becoming more intense, with the continuation of the already clearly defined policy, in the form of a bloody confrontation. In the present conditions, the capitalist system is in the process of searching for the progressive ways. Though, the desire for such innovations is not able to go beyond the field of experiments yet. In this case, one very important problem is identified in the form of economic nationalism. This process is an indicator of national economic sovereignty for small economies, which may cause some discomfort to developed and hegemonic countries. This can become the basis for the disharmony in the world economy with its various contradictions and undesirable consequences. The economic policy of all countries is qualitatively related to the security of the economy. In this case, it is very important to reconcile such categories as economic security and economically secure country. Such problems are very relevant and great importance is attached to the economic scale of individual countries and their characteristics. If the country regardless of its size, possesses necessary and essential natural resources it becomes worthy of respect and of being taken into consideration and therefore, its assessment criteria are very high. Achieving national security for any country requires the implementation of the correct and self-interested economic policy. At the same time, it is necessary to ensure healthy, fair and strong economic opportunities if we want to achieve sustainable national security. It is necessary to take into account the lessons of global processes, on the experience of which one's own security should be built, and this is correlated with the level of poverty in the country, the inequality of development and the emergence of foreign threats. All this is connected with the fluctuations and cataclysmic processes ongoing in the global economy, for which States are not always ready, and is associated with one of the main factors when a Sovereign State experiences heavy pressure from the other states. The existence of levels of economic security shows that it is related to the reduction of poverty of the certain strata of the population, which indicates the effectiveness of social policies. These are sector – specific ones, which ensure the development of industrial sectors at such a level, which will lead to optimization of the sectoral structure of the country's economy and strengthening of the economic security and regional security, which is related to the overcoming of the country's territorial disproportion and which will necessarily become one of the main factors for the inclusive development. National or State security and inter-state and inter-national security should reach the world level. The economic policy pursued by the States is directly related to the economic security. In this case, the indicators of the economic scale of individual countries are significant. If the country possesses self-sufficient and necessary resources, the assessment criteria for reporting it both regionally and internationally are very high. Achieving economic security is also a guarantee for the economic stability and sustainability. Security is realized through employment, solvency liquidity, advanced technology investment, foreign minimization in the fields of protection against external and internal threats. Its goal is to minimize the risks of individual threats.