Transformation of state regulation mechanisms for economic security amid modern hybrid threats: European experience and Ukrainian realities

• Published in: Theory and Practice of Public Administration Vol. 2; no. 79
• Main Author: Papyrin, Denys
• Format: Journal Article
• Language: English
• Published: 31.12.2024
• ISSN: 1727-6667
• DOI: 10.26565/1727-6667-2024-2-17

This article examines the theoretical-methodological foundations and practical aspects of transforming state economic security regulation mechanisms in the context of modern hybrid threats. Through systematic analysis, four key methodological approaches to ensuring state economic security are identified and critically analyzed: neoclassical, institutional, network-based, and proactive. The study reveals their distinct characteristics, advantages, and limitations in countering hybrid threats. The research analyzes European experience in transforming economic security mechanisms, particularly examining practices from leading EU countries in developing resilient security frameworks and innovative response mechanisms to hybrid challenges. The findings indicate a trend toward comprehensively integrating various methodological approaches and tools, ranging from classical market and institutional mechanisms to innovative network-based and foresight instruments. Based on comparative analysis of European experience and Ukrainian realities, the paper establishes conceptual foundations for modernizing Ukraine’s state economic security regulatory system. The study proposes a regulatory mechanism transformation matrix that accounts for current conditions and defines priority directions for change within each methodological approach. The research argues for phased implementation of proposed mechanisms, considering available resources and state institutional capacity. Special attention is given to digital transformation and public-private partnerships as key drivers for modernizing the economic security system, with particular focus on developing resilient institutional frameworks and adaptive response capabilities. The article outlines prospects for further research, particularly regarding development of comprehensive methodology for evaluating regulatory mechanism effectiveness and adapting European practices to Ukrainian post-war recovery realities, emphasizing the importance of building sustainable and resilient security architectures in the face of evolving hybrid threats.