Economic safety of the regions:Technology, trends, and risks

Abstract

The article attempted to study the role of management of the region's economic risks. The article is aimed at identifying main regularities determining the risk assessment features in business as a key element contributing to the achievement of economic safety, as well as a comparative analysis of methods of assessment and management of investment risks. The methods of cognition, retrospective and documentary analysis and synthesis, generalization, and systematization were used in the work. The scenario method and the analysis of hierarchies are the most effective ways of reducing the risk in the unstable economic and political situation in Russia. The article discusses important issues of economic safety in the region as part of the country's socio-economic system, as well as economic risks in the region. Decision-making in the context of risk and uncertainty is a fundamental aspect of the activity of an active financial market participant. The logic and probabilistic approach in risk assessment of the sustainable strategy for the region has been analyzed.To create an economic safety strategy, factors that may affect the position of the region are investigated. The most important aspect of the issue of the region's economic safety is the selection of criteria that allow evaluating its level, as well as the calculation of threshold values for each criterion.