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Received 12.10.2023

Revised 26.02.2024

Accepted 27.03.2024

Retrieved from Iss. 115, P. 1, 2024

Pages 183 -197

  • 106 Views

Suggested citation

Fedoruk, O. (2024). RESEARCH OF KEY INDICATORS OF THE STATE OF ECONOMIC SECURITY OF THE EUROPEAN UNION COUNTRIES IN THE FRAMEWORK OF THE CONCEPT OF SUSTAINABLE DEVELOPMENT. Automobile Roads and Road Construction, (115.1), 183-197. https://doi.org/10.33744/0365-8171-2024-115.1-183-197

RESEARCH OF KEY INDICATORS OF THE STATE OF ECONOMIC SECURITY OF THE EUROPEAN UNION COUNTRIES IN THE FRAMEWORK OF THE CONCEPT OF SUSTAINABLE DEVELOPMENT

Olesia Fedoruk

Abstract

The article examines the basic priorities of the EU economic security strategy. The key indicators of the economic security of the European Union countries are analyzed. The sectoral structure of value added in the EU countries is revealed. The peculiarities of implementing the strategy of strengthening the EU economic security are investigated. The countries of the European Union are one of the most attractive investment destinations for international companies due to their open economy and secure cross-border cooperation in research and innovation. These elements will remain key drivers of European competitiveness and sustainability. Partners around the world benefit from access to European markets, capital and technology for the transition to a clean and sustainable economy. The EU's regional policy, aimed at ensuring collective economic security, in particular by strengthening economic cohesion through assistance to the least developed regions and sectors of the EU member states, is an important element of the EU's structural policy, and along with institutional adaptation and economic integration, is considered one of the main means of influencing public welfare. However, the EU's regional policy is also not without contradictions in the distribution of funding between countries, in particular, there is a discrepancy in the receipt of funds for regional development by the new members of this association and the amount of their contributions to the common budget

Keywords:

economic security strategy, global economy, European Union countries, international companies, sustainable development, investment projects, financial and economic crisis, European markets, innovation, competitiveness, cross-border cooperation

References

  1. European Commission. (2024). European Commission proposes new initiatives to strengthen economic security. Retrieved from https://ec.europa.eu/commission/presscorner/api/files/document/print/en/ip_24_363/IP_24_363_EN.pdf.
  2. Kozak, L.S., & Fedoruk, O.V. (2022). "Green" trend of structural changes and business initiatives for sustainable development of the economy at the global and national levels. Highways and Road Construction, 111, 298-309. doi: 10.33744/0365-8171-2022-111-298-309.
  3. European Commission. (2023). An EU approach to enhance economic security. Retrieved from https://ec.europa.eu/commission/presscorner/detail/en/IP_23_3358/.
  4. European Commission. (2023). European security strategy – communication. Retrieved from https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52023JC0020&qid=1687525961309.
  5. European Commission. (2023). Factsheet on an EU approach to enhance economic security. Retrieved from https://ec.europa.eu/commission/presscorner/api/files/attachment/875428/Factsheet%20Economic%20Security%20Strategy_EN.pdf.
  6. European Parliament. (n.d.). The official website of the European Parliament. Retrieved from https://www.europarl.europa.eu/portal/en/.
  7. Eurostat. (2023). Key figures on Europe 2023 edition. Retrieved from https://ec.europa.eu/eurostat/documents/15216629/17706595/KS-EI-23-001-EN-N.pdf/5df7a393-8461-9270-7eaa-91a4b1c2acc6?t=1707831012194&download=true.
  8. Eurostat. (n.d.). Eurostat: An official website of the European Union. Retrieved from https://ec.europa.eu/eurostat/.
  9. European Commission. (n.d.). The official website of the European Union. Retrieved from https://commission.europa.eu/index_en/.
  10. Eurostat. (2023). Sustainable development in the European Union – monitoring report on progress towards the SDGs in an EU context – 2023 edition. Retrieved from https://ec.europa.eu/eurostat/documents/15234730/16817772/KS-04-23-184-EN-N.pdf/845a1782-998da767-b097-f22ebe93d422?t=1688373085450&download=true.
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https://doi.org/10.33744/0365-8171-2024-115.1-183-197

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