MEASURING ECONOMIC SECURITY OF THE VISEGRAD GROUP COUNTRIES

Abstract

Economic security is an important element of the functioning of national economies, including the countries of the Visegrad Group. By perceiving economic security as a balance of the developmental needs of these countries, we can identify several areas of activity of its quantifiers, which may include development, infrastructure and possibilities of balance and needs. To determine the levels of these quantifiers, we must use a carefully selected set of measurements. One of these is gross domestic product (GDP), the rating and the ratio of public debt to GDP. The purpose of this article is to attempt to indicate the level of economic security of the Visegrad Group countries. The proposed measures do not provide grounds for expressing value judgments in the context of the broadly understood level of economic security, but constitute their necessary component and the basis for further analysis and evaluation.