Economic Security of the European Union in the Context of the Dynamics of Development of Globalized World Economy
Economic Security of the European Union in the Context of the Dynamics of Development of Globalized World Economy

Summary/Abstract: The European Union is currently one of the most sophisticated and comprehensively developed examples of regional economic integration. The analysis of selected strategic documents adopted and implemented on the territory of the European Union primarily focused on the economic dimension of further development of this complex and economically interconnected transnational economic complex shows, that one of the main, strategic goals are oriented on the higher economic convergence and cohesion within its internal space, as well as the full range of objectives aimed at maintaining and improving its position in the world economy. Changes in the internal and external economic environment of the European Union, often associated with a certain degree of unpredictability of their effects, determine the dynamics of economic development of the European Union and the degree of economic security achieved. The presented contribution focuses on the study of the formation of a specific model of economic security forming in the environment of the European integration area. In the context of the indicated starting points of the research, the main attention is focused on selected aspects and factors based on the possibility to identify development trends in the processes of shaping economic security within the European integration area. In the process of elaboration of the submitted professional contribution, its authors focused on the following basic research questions: How does the European Union approach the formation of economic security in its internal economic environment formed on the basis of specific national economic complexes of individual member states? Which selected factors need to be examined in the context of monitoring the development of economic security within the European integration area and to follow their development direction? Based on monitoring and predicting the possible future development of selected factors supporting the formation of economic security to deduce how the level of economic security is currently achieved by the European Union and what are the possible future trends in this area? Several methods and procedures were used in the process of processing the submitted paper. The frequency of use of individual methods and procedures was different in individual parts of the presented text. In the process of processing the outputs of the research into a comprehensive text of the submitted paper, the analysis, comparison, as well as the synthesis of collected knowledge, data and information and comprehensive and logically arranged units were most significantly used. Different types of data and data which were the result of the application of various mathematical-statistical methods and procedures, were also used in the process of processing the submitted paper. The outputs of the research of the subject of the paper can be summarised as follows. The European Union currently has the appropriate starting conditions for shaping a comprehensive model of economic security. Inwards, as well as innovations, it acts in the context of economic security as a stable economic actor with a well-developed and well-established economic environment. The economic security of the European Union, as well as other geoeconomic actors, is determined by the dynamics of the development of the global and regional economic environment. In view of the indicated dynamics of development, it will be necessary in the future for the European Union to have created economic structures capable of responding flexibly to these influences and subsequently adapting to them effectively.

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