Sustainable Development as a New Paradigm of Economic Security in a Multipolar World

Natalia V. Vasilenko and Vitaly A. Mordovets
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Natalia V. Vasilenko: Saint-Petersburg University of Management Technologies and Economics
Vitaly A. Mordovets: Saint-Petersburg University of Management Technologies and Economics

A chapter in Finance, Economics, and Industry for Sustainable Development, 2024, pp 1-12 from Springer

Abstract: Abstract Economic security necessitates the mitigation of threats arising from various factors, demanding diverse approaches as these threats are of a dynamic nature. This study explores the potential use of sustainable development as a theoretical framework for devising measures to safeguard national economic security amid the emergence of a multipolar world. The goal of the study is to justify sustainable development as an integral paradigm for economic security and identify strategies for transforming the Russian economy to uphold national economic security while the world is shifting toward multipolarity. The study employed general research methods, comparative analysis, and historical analysis. Key global factors shaping the need for a new economic security paradigm in the modern era include challenges and threats arising from the potential displacement of national interests during globalization and the worsening environmental conditions affecting the quality of life. The study delineates the extensive overlap between the concepts of national economic security and sustainable development, highlighting the core links between them. It establishes the cohesion of sustainable development as a novel paradigm for economic security and demonstrates its potential in neutralizing contemporary threats to Russia’s economic security. The study outlines the pathways for transforming the Russian economy amid the shift to a multipolar world. Further research directions include refining the application of sustainable development as a tool to counter various threats to national security along the way toward multipolarity.

Keywords: Economic security; National security; National economy; Globalization; Sustainable development; Threats to economic security (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-56380-5_1

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DOI: 10.1007/978-3-031-56380-5_1

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