Economic security of the region: evaluation and security mechanisms

Modern globalization processes cause the emergence of new threats to society, and necessitate the development of innovative mechanisms to overcome them in order to improve the level of security at various levels of management. The objective of this study is to test the methodology for assessing the level of security of the economic system of the region (based on the use of an integral indicator), as well as the definition of mechanisms for its provision at the meso-level. The structure of this indicator includes aspects of the impact on the stability of the system of the following factors (market, non-market and social ones), based on the system of indicators (the number of employed population, the cost of technological innovation per capita, investment in fixed capital, etc.). The calculation of summary indicators is given on the example of one of the subjects of the Russian Federation (Volgograd region), which allowed to determine negative changes in the level of economic security in the region (significant technological backwardness, consistent depletion of natural resources, growth of budget commitments, etc.). Due to the comprehensive assessment, a list of factors that cause this condition has been identified with the aim of further targeted impact from public authorities to overcome the negative trends in the economic system of the region and (or) leveling their consequences. The development of mechanisms to ensure the economic security of the region, based on the above-mentioned method of integrated assessment, allows not only to fully assess the state of the regional economy, but also to identify the potential to strengthen the position of the entity of the country both at the national and international arena.