EAEU Countries: Assessment of Economic Security

Abstract

The presented study addresses the problems of economic security in the countries of the Eurasian Economic Union (EEU, Union). The subject of the study covers the following EEU member states: Russia, Belarus, Kazakhstan, Kyrgyzstan, and Armenia. A system of indicators and threshold parameters for assessing the level of economic security of the EAEU member states are proposed. Aim . The study aims to examine and substantiate optimal approaches and methods for solving economic security problems in the countries of the Eurasian Economic Union. Tasks . The authors analyze data of the economic security system of the EAEU countries; develop a set of indicators and threshold parameters for assessing the level of economic security in the EAEU countries; formulate recommendations for improving the efficiency of economic security in the EAEU countries. Methods . The theoretical and methodological basis of this study includes works of Russian and foreign scientists and normative documents regulating economic security issues in the EAEU member states. The study uses the systems approach, comparative method, and general scientific methods — analysis and synthesis, juxtaposition and comparison, systematization and generalization of the obtained data. Results. The authors have obtained the following results in terms of approaches and methods for assessing the efficiency of economic security in the EAEU countries and prospects for its improvement. To develop a unified concept (strategy) of safe socio-economic development for the EAEU countries, it is necessary to systematically monitor economic security indicators that reflect the specific features of each country of the Union. For an in-depth study of issues related to ensuring economic security in the EAEU countries, it is advisable to introduce a more detailed list of indicators of safe economic development. The system of indicators for assessing the economic security of the EAEU countries proposed by the authors of this study does not claim to provide an exhaustive characterization of the problems raised, but it is one of the possible approaches to solving them. To improve the quality of monitoring in this field and the objectivity of assessment of processes that could destabilize the economy of the EAEU countries, it is advisable to develop a common methodology for determining the threshold values of the indicators proposed for economic security assessment. In the absence of such a methodology, it is difficult to develop and implement methodological approaches to assessing economic security at all levels of management. Conclusions . The theoretical and practical significance of this study consists in the development of new approaches and methods in the examination of the assessment, indicators, and ways of improving the efficiency of economic security in the EAEU countries. The results and major conclusions are presented in the scientific publications by H.S. Pak, E.V. Ushakova, V.A. Plotnikov, et al. Currently, there is no established set of criteria for assessing the level of economic security. Comparative analysis of the existing methods of economic security assessment has revealed a number of proprietary methodologies (a group of indicators based on two crisis levels by L.A. Abalkin, a set of indicators by S.Y. Glazyev, indicators of economic security by E.A. Oleynikov). However, these methodologies do not fully reflect the development dynamics of the process of improving economic security efficiency with the indicators proposed by the authors. Threshold parameters are established by an expert method, which increases the degree of subjectivity in the assessment. A unified system of indicators needs to be developed to assess the efficiency of economic security management within a specific territory. The system proposed by the authors, which uses the principle of coordinated integration cooperation between the EAEU countries, would make it possible to determine and assess the risk of a potential threat and select the optimal set of preventive measures for a joint response to various threats to the national security of the Union's member states. On this premise, each country of the EAEU should be able to overcome the crisis and set the national economy on the path of sustainable economic growth in accordance with the national economic development strategy.