Economic Safety of the Regions:Technology, Trends, and Risks
Irina Anatolievna Kiseleva1, Igor Ivanovich Nevrov2, Andrey Vasilyevich Pikalov3, Simon Ogannesovich Iskajyan4, Aziza Muhamadiyaevna Tramova5
1Irina Anatolievna Kiseleva, Plekhanov Russian University of Economics, Moscow, Russian Federation.
2Igor Ivanovich Nevrov, Plekhanov Russian University of Economics, Moscow, Russian Federation.
3Andrey Vasilyevich Pikalov, Plekhanov Russian University of Economics, Moscow, Russian Federation.
4Simon Ogannesovich Iskajyan, Yerevan Branch of the Plekhanov Russian University of Economics, Yerevan, Armenia.
5Aziza Muhamadiyaevna Tramova, Kabardino-Balkarian State Agrarian University, Nalchik, Kabardino-Balkarian Republic.
Manuscript received on 11 August 2019. | Revised Manuscript received on 14 August 2019. | Manuscript published on 30 September 2019. | PP: 5572-5579 | Volume-8 Issue-3 September 2019 | Retrieval Number: C5529098319/2019©BEIESP | DOI: 10.35940/ijrte.C5529.098319
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
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.
Keywords: Economic Safety, Economic Safety Indicators, Region, Risk, Risk Management.
Scope of the Article: Social Sciences