Year: 2024 | Month: February | Volume 69 | Issue 1Special
Financial Security in the Conditions of Globalization: Strategies and Mechanisms for the Protection of National Interests
Oksana Desyatnyuk
Andriy Krysovatyy
Olena Ptashchenko and Olga Kyrylenko
DOI:10.46852/0424-2513.1.2024.27
Abstract:
In the context of modern economic realities, financial security becomes an extremely urgent problem, especially in the conditions of globalization. This article examines the impact of global processes on financial security and develops strategies and mechanisms for protecting national interests in this new economic environment. In the course of writing the scientific article, the concept of financial and economic security was defined, which acts as a necessary component of national security and is defined as a system of strategies and measures aimed at avoiding and overcoming financial threats. The need to adapt the financial and economic sector to digital technologies in the context of globalization and digital transformation is highlighted. It is also noted that Ukraine’s inability to adapt in the long term may lead to deterioration in the level of financial security and a slowdown in socio-economic development. In addition, the functions and ways of applying various strategies and mechanisms aimed at protecting national interests in the global economic environment were highlighted. The author analyzes the possibilities of developing effective legal and regulatory frameworks that will contribute to strengthening financial security. In addition, the importance of improving the system of international cooperation and introducing innovative approaches to financial management is highlighted. This research provides a comprehensive view of the problem of financial security and offers specific recommendations to ensure the stability of the financial systems of national economies in the light of modern challenges and trends in global economic development.
Highlights
- The challenges posed by globalization, coupled with internal and external threats, underscore the urgent need for Ukraine to strengthen its financial security through systematic measures, emphasizing the importance of adapting strategies to new global economic realities.
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