Home  Journals  National Interests: Priorities and Security  11(404) - 2021 November

Assessment of industrial potential in terms of area’s economic security ensuring

Received: 8 July 2021

Received in revised form: 30 July 2021

Accepted: 16 August 2021

Available online: 15 November 2021

Subject Heading: ECONOMIC SECURITY

JEL Classification: L60, О14, О25

Pages: 2071–2094

https://doi.org/10.24891/ni.17.11.2071

Subject. This article discusses the risk-contributing factors and threats that affect the competitiveness of the area and its economic security in terms of industrial potential.
Objectives. Defining the concept of Industrial Potential and its role in ensuring economic security, the article aims to substantiate indicators and threshold values for assessing the industrial potential of the area and testing the methodology using the Rosstat data to identify threats in the industrial sphere of the Republic of Mordovia.
Methods. For the study, I used the systems approach, analysis and synthesis, deduction, a combination of historical and logical methods, normalizing constant method, and the indicative analysis.
Results. The article describes an approach to assessing the state of the industrial potential of the area based on a system of indicators and their threshold values. This approach helps determine the level and depth of threats to economic security that have arisen or may arise under the influence of corrosive factors. The downward trend in the index of industrial production is a key threat to the economy of the Republic of Mordovia.
Conclusions. The development of an area’s industrial complex in the conditions of shortage of capital resources is possible only due to an effective regional industrial policy.

Keywords: economic resilience, competitiveness, industrial capacity, economic security indicators, industrial policy

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