CRISIS PHENOMENA AS THE BASIS FOR THE EMERGENCE OF DESTABILIZING PROCESSES IN THE ECONOMY: THE RELEVANCE OF THEORIES AND DEVELOPMENT OF CRISISOLOGY RESEARCH
Abstract
The article examines crisis phenomena and their impact on the economy through destabilization processes occurring in the socio-economic system at various levels of its hierarchy (macro-, meso- or micro-levels) and which can have a serious negative impact on the economic activity of its main element – the entrepreneurial sector, which is largely caused by the insufficient use of effective crisis management instruments. The genesis of the concept of "crisis" and its socio-economic essence are considered, insufficient understanding of which limits the effectiveness of crisis management, which can become the basis for the formation of a sustainable and adaptive socio-economic system. The need to analyze the theories of crisis phenomena and the development of crisisology research (crisisology) is determined in order to substantiate the relevance and importance of their application to maintain economic stability and prevent its fluctuations in the event of a crisis, as well as to develop a methodology for the formation of an effective crisis management system as the main element of the strategy for confronting crises and preventing them. The importance of conducting scientific research on crisis within the framework of economic processes that define the current state of the world economy and its development trends is substantiated. Based on the scientific views of scholars, the main approaches and concepts in the historical aspect of determining the causes, conditions, and consequences of economic crises, the application of possible anti-crisis measures for their regulation are analyzed. Characteristics and general trends of crisis phenomena formation in economic systems are highlighted based on specific examples of global economic crises unfolding. The author's definition of the category "crisis phenomena in the economy" is provided. It is proved that understanding the nature of crisis phenomena in the economy and analyzing these phenomena is an important instrument for maintaining economic stability and ensuring long-term growth, a key factor in the formation of an effective crisis management system.
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