ECONOMIC SECURITY AND THE IMPLEMENTATION OF MECHANISMS FOR PROTECTION AGAINST MODERN THREATS

Abstract

As a component of national security, economic security has gained relevance in the modern context. Ensuring the timely prevention of threats to the country’s national security in the fields of economic activity and establishing a comprehensive safe environment aim to contribute to the formation and development of a national economy that serves the socio-economic welfare of Azerbaijan. On this basis, it becomes possible to better analyze and meet the social and economic needs of citizens, increase production efficiency, use natural resources rationally, build a sustainable national economy, and prevent the aggravation of environmental problems.

The presented article covers the study of economic security from several aspects and also analyzes various factors and indicators of economic security. Real economic threats are classified and grouped. The research also addresses the issues of minimizing the consequences of existing and potential economic threats, as well as preventing them. It is determined that the economic security of each country depends on the level of development of its national economy, the consideration of national interests in ensuring economic security, the moral health of the nation, the direction of social development of the country, the use of its defense potential, and other important factors. Theoretical approaches and ideas of significant importance are analyzed and substantiated with relevant facts, and the factors influencing security assurance are identified. Based on the generalized results of the research, appropriate recommendations and proposals are put forward.