Ensuring the financial security of the region in the face of sanctions and economic crisis
Zenchenko S.V.1, Vartanova M.L.2
1 Институт экономики и управления Северо-Кавказского федерального университета
2 Институт социально-политических исследований Российской академии наук
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Journal paper
Journal of Economics, Entrepreneurship and Law (РИНЦ, ВАК)
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Volume 9, Number 4 (October-December 2019)
Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=42471339
Cited: 37 by 30.01.2024
Abstract:
Under the impact of sanctions and the economic crisis, the most important task of the state is to ensure and maintain its financial security in the region. Finance is the driving lever of any economic system. But their main drawback is their limited nature in solving a large number of equal strategic objectives of sustainable development.
The problem of financial security is now being discussed by scientists-regionologists especially acutely, but despite the large number of publications, a unified approach to the interpretation of the essence, assessment methodology and tools of support, both at the macro and meso level, has not been developed. And it should also be noted that today, both at the Federal and, of course, at the regional level, there is no normative unified system of parameters for assessing financial security.
Given the unstable nature of political and economic relations between Russia, the United States and the European Union, we consider it necessary to create a new powerful financial bloc of national security. At the same time, the authors of the article note that the state administration of economic security should not become only a "response to Western sanctions", but it is necessary to form an effective mechanism of state financial management within the framework of national security.
Keywords: sustainable development, state policy, economic security, financial security, financial potential, regional management, national policy
JEL-classification: R11, R12, R13
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