Economic security of Kabardino-Balkaria: factors of sustainable development in the conditions of macroeconomic instability

the article considers the key aspects of economic security of the Kabardino-Balkarian Republic in the conditions of macroeconomic instability. The main indicators of economic security of the region are analyzed, the factors ensuring sustainable development of the republic in modern conditions are identified. Particular attention is paid to the analysis of the structural features of the regional economy, the impact of external and internal threats on the socio-economic situation of Kabardino-Balkaria. The relationships between the level of economic diversification, the development of small and medium-sized businesses and economic security indicators are studied. Based on the conducted research, recommendations are formulated for improving regional policy in the field of economic security, including measures to stimulate investment activity, the development of the agro-industrial complex and the tourism and recreational cluster as priority areas for ensuring sustainable development of the republic. The results of the study can be used by regional authorities in developing programs for the socio-economic development of the Kabardino-Balkarian Republic and forming mechanisms to counter threats to economic security in the context of macroeconomic instability.

economic security, sustainable development, macroeconomic instability, regional economy, diversification, investment attractiveness, agro-industrial complex, tourism and recreational potential