INFLUENCE OF MODERN GEOPOLITICAL CHALLENGES ON STATE'S ECONOMIC SECURITY

Abstract

Changes in the geopolitical situation in the world create risks and threats to the economy of the state as for its economic security. The paper considers possible risks caused by the geopolitical confrontation between great powers and blocs of countries, economic preconditions for conflicts, struggle for resources and energy supply. At present, countries are inclined to apply protectionist measures to defend their own markets, which leads to a restriction of free trade and hence to a force struggle for certain resources. In fact, the main trade focuses precisely between the countries of special trade and military blocks, which restricts access to resources to other countries. In spite of serious steps in economic and energy conservation, consumption in most countries of the world is increasing. The introduction and operation of sources of energy from renewable sources, although becoming an important factor in changing dependence on energy resources, can not yet provide the growing needs of the economy, at least at the level comparable to non-renewable sources. This means that, in the nearest future, attempts will be made to form energy superpowers, which, by controlling energy sources, will try to raise prices in this market and to further its monopolization. Geopolitical challenges will have a significant impact on the economic component of the countries of the world for a sufficiently long time, especially for Ukraine, which, due to its small economy, can not play a significant role in the international arena.

Authors and Affiliations

Andriy Stavytskyy

Keywords

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  • EP ID EP395301
  • DOI 10.17721/1728-2667.2018/199-4/6
  • Views 37
  • Downloads 0

How To Cite

Andriy Stavytskyy (2018). INFLUENCE OF MODERN GEOPOLITICAL CHALLENGES ON STATE'S ECONOMIC SECURITY. Вісник Київського національного університету імені Тараса Шевченка. Економіка., 4(199), 45-55. https://europub.co.uk/articles/-A-395301