INTERPRETATION OF THE CONCEPT OF NATIONAL ECONOMIC SUSTAINABILITY

Abstract

Contemporary external shocks intensify the need to reconsider the basic approaches to interpreting the concept of “economic resilience” at the national level. The lack of consensus in scholarly research regarding the substantive content of the category of national economic resilience complicates its correct application in the development of national economic resilience strategies. The analysis of approaches to the interpretation of the concept of “resilience” made it possible to form a triad of its interpretations as a state, a property, and a characteristic of system behavior. On the basis of generalizing these approaches, resilience is defined as the ability of a system (object) to withstand changes in operating conditions, maintaining a stable state under the influence of destabilizing factors and acquiring the capacity to recover after overcoming their impact. In order to substantiate the expediency of adhering to these three identified aspects in defining national resilience as a derivative concept of system resilience, the regulatory and legal framework of Ukraine in the field of national security and national resilience is examined. It is proven that the institutionalization of the issue of resilience in the legislation of Ukraine is a logical response to the intensification of global challenges and unprecedented threats to national security caused by the full-scale aggression of the Russian Federation, and that the logical outcome of its evolution is the adoption of the Concept for Ensuring the National Resilience System of Ukraine. It is substantiated that economic resilience constitutes the foundation of the state’s economic security and one of its key criteria, determining the ability of the national economy to maintain a critical level of social reproduction under crisis conditions. An interpretation of the concept of national economic resilience is proposed based on the generalization of approaches to resilience as a basic concept and consideration of its critical role in ensuring national economic security. The substantiated approach to interpreting national economic resilience expands the theoretical basis for analyzing the ability of national economies to adapt to external shocks and to ensure stable development under conditions of global turbulence.