BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

Economic Security under Globalization: A Theoretical and Economic Perspective within the System of International Relations
Panova I. O., Sidorov M. V., Myrosiedi O. V.

Panova, Iryna O., Sidorov, Mykhailo V., and Myrosiedi, Olha V. (2026) “Economic Security under Globalization: A Theoretical and Economic Perspective within the System of International Relations.” Business Inform 1:51–59.
https://doi.org/10.32983/2222-4459-2026-1-51-59

Section: Globalization Processes in the Economy

Article is written in Ukrainian
Downloads/views: 0

Download article (pdf) -

UDC 330.1;330.8;338.2

Abstract:
The article provides a theoretical and economic understanding of economic security in the context of deepening globalization processes, the growth of transnational economic interdependence, and the transformation of the modern system of international relations. The relevance of the study is due to the increase in structural imbalances in the world economy, financial and technological asymmetry between countries, the fragmentation of global markets, as well as the institutionalization of geoeconomic instruments as means of influencing the economic stability of national economies. The aim of the article is to theoretically and economically substantiate the essence of economic security in the context of globalization from the perspective of modern economic theory and the theory of international relations. The methodological basis of the study includes systemic and structural-functional approaches, methods of theoretical generalization, analysis and synthesis, as well as an indicator-based approach to assessing the parameters of economic security. As a result of the study, economic security has been conceptualized as a dynamic, multi-component system shaped by the interaction of internal economic parameters and the external institutional environment of international relations. The key structural components of economic security (financial stability, technological autonomy, energy balance, trade reliability, and institutional efficiency) have been identified, and their interconnections in a globalized economy have been substantiated. It is demonstrated that economic interdependence, geoeconomic competition, the application of sanctions and technological restrictions, as well as the processes of «technological Balkanization», significantly transform the mechanisms for ensuring the economic security of countries. It is concluded that economic security is a dynamic, multidimensional category based on the balance between integration into the global economy and maintaining strategic autonomy. Its theoretical and economic substantiation is a necessary condition both for the further development of economic security theory and for the formation of well-founded national strategies for economic resilience amid global transformations.

Keywords: economic security, globalization, international relations, technological autonomy, geoeconomics, indicator system.

Fig.: 1. Tabl.: 4. Bibl.: 25.

Panova Iryna O. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Economic Relations and Logistics, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]
Sidorov Mykhailo V. – Candidate of Sciences (Economics), Associate Professor, Department of World Politics, Diplomacy and Tourism Business, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]
Myrosiedi Olha V. – Student, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)

List of references in article

Cohen B. J. (1998). The Geography of Money. Cornell University Press.
Cohen B. J. (2008). International Political Economy: An Intellectual History. Princeton University Press.
European Commission (2023). Critical Raw Materials for Strategic Technologies and Sectors in the EU: A Foresight Study. EC.
European External Action Service (EEAS). (2024). Strategic Technologies for Europe Platform (STEP): Annual Report 2024. Brussels: EEAS. https://www.eeas.europa.eu/eeas/step-2024_en
International Monetary Fund. (2025). World Economic Outlook Database: October 2025. Washington, DC: IMF. https://www.imf.org/en/Publications/WEO/weo-database/2025/October
International Telecommunication Union. (2024). Global Cybersecurity Index 2024. Geneva: ITU. https://www.itu.int/en/ITU-D/Cybersecurity/Pages/GCI.aspx
Keohane R. O. (1984). After Hegemony: Cooperation and Discord in the World Political Economy. Princeton University Press.
Keohane R. O. & Nye J. S. (1977). Power and Interdependence: World Politics in Transition. Little, Brown and Company.
Luttwak E. N. (1990). From Geopolitics to Geo-Economics. The National Interest, 17, 17–23.
Luttwak E. N. (1999). Turbo-Capitalism and the Crisis of the State. The Wilson Quarterly, 3(23), 50–58.
Nye J. S. (2011). The Future of Power. PublicAffairs.
OECD Economic Outlook (2024). OECD Economic Outlook. Volume 2024. Issue 2, No. 116. OECD Publishing, 116(2024). https://doi.org/10.1787/d8814e8b-en
OECD Publishing (2023). OECD Science, Technology and Innovation Outlook 2023: Enabling Transitions in Times of Disruption. OECD Publishing. https://doi.org/10.1787/0b55736e-en
OECD Publishing (2025). OECD Services Trade Restrictiveness Index: Policy Trends up to 2025. OECD Publishing. https://doi.org/10.1787/9953845b-en
Rodrik D. (2025). Shared Prosperity in a Fractured World: A New Economics for the Middle Class, the Global Poor, and Our Climate. Princeton University Press.
Rodrik D. (2011). The Globalization Paradox: Democracy and the Future of the World Economy. W. W. Norton & Company.
Strange S. (1992). States, Firms and Diplomacy. International Affairs, 1(68), 1–15.
Strange S. (1996). The Retreat of the State: The Diffusion of Power in the World Economy. Cambridge University Press.
UN COMTRADE Database // UN Statistics Division. (2025). UN COMTRADE Database. New York: UN Statistics Division. https://comtradeplus.un.org/
United Nations Conference on Trade and Development. (2025). World Investment Report 2025. Geneva: UNCTAD. https://unctad.org/publication/world-investment-report-2025
WIPO. (2024). WIPO Statistics Database 2024. Geneva: WIPO. https://www.wipo.int/ipstats/en/
World Bank (2024). World Development Report 2024: The Middle-Income Trap. World Bank. https://doi.org/10.1596/978-1-4648-2078-6
World Bank DataBank. (2025). World Development Indicators 2025. Washington, DC: World Bank. https://databank.worldbank.org/source/world-development-indicators
WTO (2023). World Trade Report 2023: Re-globalization for a Secure, Inclusive and Sustainable Future
WTO. (2024). World Trade Statistical Review 2024. Geneva: WTO. https://www.wto.org/english/res_e/statis_e/wts2024_e/wts2024_e.pdf

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster