Journal of Security and Sustainability Issues

Economic security is currently becoming one of the key dimensions of strategic thinking in the context of growing geopolitical tension, instability, uncertainty and systemic economic shocks. The paper analyses economic security as a complex and multidimensional concept that combines the protection of survival, sovereignty and prosperity with the ability to anticipate, absorb and respond to growing threats and risks. The first part deals with the theoretical foundations of the concept of economic security. This is followed by a discussion of global trends and risks. The third part analyses the instruments, strategies and limits of EU economic security policy. And the final chapter formulates recommendations for moving towards a resilient and adaptive policy. The results of the study indicate the need for a coordinated and value-based response to the challenges of an unstable multipolar world in which tensions and rivalries are growing, because economic security is no longer just a question of national survival, but also of ensuring the sustainable development of open and democratic societies in a period of global transformation.

State security is a key issue both for the state as an entity and for its inhabitants. The economic security of the state is a particularly important component which can manifest itself on many different levels. The most important of them is financial security. This aspect of security is relevant as in modern economies money is the key value. Therefore, the financial security of the state is a component of economic security, but at the same time its key determinant. The level of financial security, which in the simplest terms is an ability to raise funds when needed, is influenced by a number of factors, the most important of which are the stability of the financial sector, the size of public debt, as well as the size and structure of the country’s foreign exchange reserves. This paper attempts to analyze individual factors that affect the condition of financial security of the state. In the next part, a structural analysis of the most important aspects of the state’s financial security was performed. The research showed that the state of Poland’s financial security could now be assessed quite highly, but the effectiveness of all the measures taken by the government and the central bank to date would be verified in the near future through the development of the situation caused by the COVID-19 pandemic.

The article presents a multidimensional comparative analysis of the exchange rates of five currencies: dollar, euro, franc, pound and ruble in zlotys and crude oil in dollars per barrel from 2005 to 2022. The research was conducted in terms of the identification of contemporary challenges for the economic security of enterprises in Poland. Grouping was used as part of multidimensional comparative analyzes. In the categorized line charts, in order to observe the trends in dynamic terms as a decrease and an increase in the rates of the analyzed data, a separate Y-axis scale was assigned to each of the analyzed dependent variables.

Security, synonymous with stability and development, in its most desirable form ensures certainty of existence, preservation of identity, freedom of affiliation, activity and functioning of individuals and communities, integrity and independence, satisfaction of basic needs, defence against their loss, prosperity and satisfaction. The interpretation adopted for the purposes of the paper refers to several elements that affect national security. It is primarily creating its security by organising society on the basis of power, giving its actions a purposeful character serving to maintain order and stability, and social order. Another element is the creation of certain states of social reality through the policy of the institution of power, which relates to the present, but inevitably leads to the future. The third element is the creation of future, desired social, political and economic phenomena and processes forming the order and the basis for further related activities, based on the policy instrument, which is the national security strategy. The last element is combining all of the previously listed in national security management. Together, these elements create an interpretation of the way of transforming and creating the state’s ability to ensure its security, a necessary condition for its existence and development. The presented study, not exhausting the subject, allows for the formulation of directions for further research, which appear to be important in creating national security.

The article analyses conceptions of both, the economic security and financial security of the state, in respect to a recent increase of attention given to assuring the state’s economic security while emphasizing mostly the financial factor. Therefore, a thorough analysis on the two conceptions, as well as, on their interrelation, based on scientific literature, revealed that state’s financial security and stability can reflect the economic security of the state only to some extent. The performed scientific practical research verified the hypothesis, which emerged during theoretical research, that financial security and stability cannot fully ensure the economic stability of the state.