Journal of Management Information and Decision Sciences (Print ISSN: 1524-7252; Online ISSN: 1532-5806)


Model for assessment of the level of foreign economic security of regions based on determination of risk zones

Author(s): Dmitry Grigorievich Rodionov, N.A. Kulagina, O.V. Mikheenko, E.A. Bessonova

 This article proposes a model for assessing foreign economic security based on ranking of regions according to remoteness of risk zones from the threshold values. The author’s approach assumes a comprehensive assessment, including a system of indicators generalized in various areas of foreign economic security: a group of industrial, investment, foreign trade indicators and a block of general macroeconomic criteria. Approbation of the proposed methodological approach is carried out on the example of constituent entities of the Central Federal District. Based on the assessment results, a map of foreign economic security of constituent entities of the Central Federal District is compiled and radar diagrams are provided reflecting the risk level of each group of indicators in the context of the regions studied.  The practical significance of the research results is determined by the possibility of their use by public authorities as a methodological basis for determining the set of threats and substantiating their management decisions to build a mechanism to counter the identified threats to foreign economic security of regions.

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