Foreign Economic Aspects of Ensuring Economic Security

Abstract

Foreign economic aspects of ensuring economic security are key in the modern world economy, which is determined by the processes of its internalization, globalization and regionalization. Foreign economic activity has a significant impact on the economic condition of any country, determining, among other things, the level of economic security. Economic security is a state of protection of national economic interests from internal and external threats. In the context of intensifying military-political problems and intensifying sanctions pressure on Russia, a comprehensive approach to protecting economic security is required, considering many factors of both the external and internal environment.Firstly, there is a need to regulate foreign trade relations, which includes the development and implementation of measures to protect national producers, combat unfair competition, as well as create favorable conditions for exporters, for example, through concluding international trade agreements with friendly countries that can reduce tariff and non-tariff barriers. Secondly, attracting foreign capital should be carried out with an eye on the interests of the national economy, since, on the one hand, foreign investment contributes to economic growth, but, on the other hand, excessive dependence on foreign capital, especially in key sectors of the economy, can put threat to economic sovereignty. Third, additional efforts are required in the field of energy security, which includes diversifying energy sources and suppliers, developing alternative energy sources, and ensuring the safety of transport routes. Fourthly, improving the legal framework for international economic cooperation helps to protect national interests and prevent economic conflicts. The author of the article has made efforts to assess the economic security of the national economy based on threshold values, while highlighting key foreign economic aspects that affect the stability and development of the economy in modern conditions. The study also highlighted the main areas that require special attention and the development of effective regulatory and control mechanisms.

Keywords

• foreign economic aspects
• economic security
• internal and external threats
• threshold values
• public policy
• national sovereignty