It has been argued that national methods of economic security of the Russian Federation use only economic indicators, while foreign practice, including the UN methodology, supplements social, environmental and political indicators to the list of economic ones to be used as the basis. There are no weight functions being included for the indicators analysis in some of the analyzed methods.
An attempt to determine indicators reflecting the economic security level of a country and its individual regions has been made. It is demonstrated that all officially approved methods are fraught with disregard for regions and small states peculiarities. The necessary indicators are identified to be included into analysis and ranked as national and regional ones. Based on the studies performed and the results obtained, the most repeated indicators existed in all the investigated methods have been found. A universal model has been developed using indicators to determine a reliable level of economic security.
This is an Open Access article distributed under the terms of the Creative Commons Attribution-Noncommercial 4.0 Unported License, permitting all non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.
The article considers the problems of sustainable economic development. Based on the array of studied information, the authors have proposed a definition of sustainable development. Sustainable economic development has been proved to be impossible in the long term and the peripheral countries. Our research has identified the main principles necessary for building a sustainable development policy, as well as problems that thwart sustainable development goals. As a conclusion, we should state that immature and inconsistent technological processes in the periphery countries make the quick transition to sustainable development impossible.
This is an Open Access article distributed under the terms of the Creative Commons Attribution-Noncommercial 4.0 Unported License, permitting all non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.
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