MANAGEMENT MECHANISM OF RISK OF REDUCING ECONOMIC SECURITY IN RUSSIAN REGIONS

Abstract: The authors specify the concept of economic security of the region and determine its essence. The paper considers and groups key indicators characterizing the risk of reducing the economic security level in the region. The classification includes four groups of such indices: financial (aggregate indicators), resource or manufacturing (characterize the economic state of the territory and possibility of its development based on the revealed potential), social, and ecological. When analyzing risks of reducing the level of regional economic security, the authors group, combine, and evaluate the indices holistically and over time. The mechanism of managing the risk of reducing economic security is built considering these groups of indicators. It should be preventive, promptly warn and eliminate threats of the emergence of crises in a particular region. Based on this requirement, the authors proposed the mechanism of managing the risk of reducingthe economic security of regions, which consists of several levels. The first level consolidates the Head of the RF constituent entity, the Council for economic and public security of the RF constituent entity, and legislative authorities of the RF constituent entity. The next level consists of commercial organizations, social-political and religious institutions. The third level is the population of the RF constituent entity. However, to achieve stable economic development of the region, the interaction of all levels is necessary, which should be organized by the Interdepartmental commission for economic security matters of the region. Monitoring the existing external and internal threats and considering the economic interests of a region, the commission should develop measures aimed at the prevention of detected threats.

economic security indicators, economic security, regional security, management mechanism, risk management