ENSURING STATE SOVEREIGNTY AS A GUARANTEE OF THE COUNTRY'S ECONOMIC DEVELOPMENT

Abstract

The establishment of an effective system of law and order, peace and security constitutes a fundamental responsibility of the international community. A fundamental element of this process pertains to the matter of sovereignty, which is a prerequisite for a state's participation as an equal participant in international relations. However, the equality of states in international communication gives rise to a variety of approaches to interpreting the meaning of this category, which complicates the task of regulating international law and order. In modern conditions, an effective way to ensure state sovereignty is to develop an economic security strategy, which plays a key role in ensuring the national security of such large states as the United States and China, as well as integration associations (the European Union), since the effectiveness of all other components of national security, in particular military security, largely depends on its state. The purpose of this study is to clarify the conceptual foundations of the mechanism for ensuring state sovereignty, the interconnection of key elements with economic development policy, European integration and public authority as a guarantee of the country's economic development. Methodology. The structural restructuring of the domestic economy and national security system during the formation of Ukrainian statehood, and eventually Ukraine's integration into European and Euro-Atlantic structures, is dynamic in nature and requires constant methodological reflection. The study was conducted on the principles of dialectical logic. The multifaceted, multifactorial and multifunctional nature of the phenomena of state sovereignty and economic security necessitates the use of a systematic, structural-functional and situational approach to their study. The work also employed methods of systematic, logical, institutional and retrospective analysis, as well as forecasting. The provisions and conclusions were developed using comparative analysis, conflict studies, rational choice theory, neo-institutionalism, geopolitics and geoeconomics. In international law, state sovereignty is not only a judgement on the aesthetics of the legal space, but also an arena in which there is a constant struggle between the ideals of justice and geopolitical realities. Ensuring Ukraine's state sovereignty as an independent, democratic, social and legal state is a complex, multifaceted and multi-level process that includes such key areas of activity as: guaranteeing the stability of the Ukrainian state; developing all elements of Ukraine's legal system; improving the efficiency of the organisation and functioning of the entire system of state power, not just individual branches and/or bodies of state power; strengthening the economic, cultural, social, political, environmental and security potential of the state; positioning Ukraine on the international and domestic arena as an active player capable of solving complex problems at the national and global levels and capable of predictable and reliable international co-operation; strengthening the democratic nature of the Ukrainian state and guaranteeing the foundations of Ukraine's constitutional order. National security is a prerequisite for economic development, while economic development contributes significantly to the protection of national security. A thorough examination of GDP dynamics reveals encouraging indications of recovery in the aftermath of the war-induced decline, underscoring the resilience of economic and public governance mechanisms. In order to ensure economic security, and thus national security and state sovereignty, it is vital that the state focuses on protecting against all types of significant threats, risks and challenges. It is imperative for Ukraine to exercise vigilance not only in regard to incidents that surpass expectations and bear grave consequences, but also in the prevention of threats associated with potential concealed conflicts. In the process of involving other states in ensuring its economic security, Ukraine should not focus on forcing its allies to adhere to its policy objectives. Sanctions imposed by the EU and individual states against Russia should focus on issues of international and regional security. The sustainability and effectiveness of sanctions will depend on their perceived legitimacy and awareness of the risk to international and regional law and order.