ACHIEVING ECONOMIC SECURITY: CROSS-CULTURAL FEATURES

Keywords: economic security, cross-cultural features, national strategies, economic stability, international cooperation, economic diplomacy, intercultural management

Abstract

In the current conditions of globalization and growing geopolitical instability, the issue of ensuring economic security is becoming particularly relevant. For most countries, economic security is becoming a strategic priority because it determines the ability of the state to effectively counter threats, maintain economic stability and ensure sustainable development. However, the practical implementation of economic security policies varies significantly depending on the cultural and civilisational characteristics, value system and management traditions of a particular society. The purpose of the article is to study the possibilities of achieving economic security in countries around the world, taking into account their cross-cultural characteristics, which determine different approaches to the formation of national security strategies. It is noted that economic security is a complex multifaceted category that includes the protection of national interests, resistance to external and internal threats, and the ability to independently develop and adapt to global transformations. A comparative analysis of economic security models operating in countries with different cultural traditions, levels of institutional development and political and economic systems has been conducted. Special attention is paid to the role of cultural values, norms, behavioural models and management styles in the formation of strategies for ensuring economic stability. It has been determined that the effective achievement of economic security is possible only if cultural specificity is taken into account in management decisions, in particular in the field of security policy, regulatory practice, international cooperation and economic diplomacy. A number of practical recommendations are proposed for taking into account the cross-cultural factor when developing the economic policy of states seeking to strengthen their position in the conditions of global competition and instability. Therefore, achieving economic security requires a comprehensive and flexible approach based on understanding the cultural characteristics of each country and adapting management decisions to these characteristics.

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Published
2024-02-29
How to Cite
Pavlovska, A., Stoliarenko, O., Martinovich, V., & Martinovych, P. (2024). ACHIEVING ECONOMIC SECURITY: CROSS-CULTURAL FEATURES. Kyiv Economic Scientific Journal, (4), 276-282. https://doi.org/10.32782/2786-765X/2024-4-36
Section
SCIENTIFIC ARTICLES