Sustainable development and economic security of the region

Abstract

The aim of the research is to identify the relationship between the state of economic security of the region and the signs of its sustainable development and to justify the use of criteria for sustainable development of the region in the activities to ensure its economic security. The subject of the research is a problems of ensuring economic security of the region in the context of the current strategic objectives of socio-economic development and the actions of public authorities of the regions to ensure economic security through the provision of socio-economic development of a sustainable nature. In accordance with the hypothesis, there is a deep connection between the economic security of the region and its sustainable socio-economic development, due to the fact that the stability of the dynamics of socio-economic development indicators can characterize the socio-economic system of the region as able to withstand the pressure of security threats and the manifestation of the risks of socio-economic development. Based on statistical methods, a correlation model between economic development and sustainable development has been developed to identify their interrelations based on non-financial reporting data.