Experience of foreign countries in implementing economic security within digitalization

Abstract

In the modern conditions of the development of the world economy, countries are under the influence of many factors, having both external and internal natures of origin, which destabilize their functioning and actualize the issue of ensuring economic security. The problem of guaranteeing financial security is shared. Its essence and content have yet to be entirely determined. As world experience shows, providing economic security ensures the country's independence, a condition for the stability and efficiency of society and success. Along with strengthening economic security risks and challenges, competition for comprehensive national power between countries has turned from a relatively simple tool of economic competition into a highly complex new stage of total political and economic confrontation. Countries, accordingly, have moved away from the former view of economic power as a single component of national security relations. Information technology has improved most people's lives, but the possibilities of its use by states and individuals for hostile purposes are also becoming increasingly apparent. The level of security is changing rapidly. Many factors that contributed to successful development immediately become factors of vulnerability. Events taking place in the international arena recently led to increased demands on the ability of countries to ensure their security. It is imperative to develop an economic security framework driven by its own goals and interests, aiming to maximize the benefits of the traditional European economic openness that needs to be preserved while minimizing the risks arising from over-dependence and vulnerability. The experience of developed countries indicates the need to use modern methods of ensuring economic security. In foreign practice, it is customary to apply such approaches to the calculation of such indicators as the stability of the country, reliability, and risk. Profound technological changes increase the intensity of competition and complicate economic and security challenges. New geopolitical and technological realities require adaptation, preserving the most valuable economic ties while effectively addressing unknown risks. Keywords: economic security, digitalization, threats, risk, state.