Political Stability as a Key Factor of Economic Security: an Institutional Approach

Abstract

The article examines the stability and efficiency of the political system as one of the key factors of economic security of the state. In modern conditions, political stability is becoming the basis for the effective functioning of state institutions, making strategically important decisions and ensuring stable economic development. The author emphasizes that the stability of the political system is determined by a number of factors, including institutional stability, political legitimacy, socio-economic conditions, and the impact of external threats. These factors interact with each other, creating a basis for sustainable development and risk reduction.

One of the main aspects of political resilience is institutional stability, which implies the reliable operation of public authorities such as the parliament, government and judiciary. Stable and effective institutions ensure compliance with laws, transparency of decisions, and predictability of political processes, which strengthens citizens' trust in the government. The article notes that institutional stability is an important element in preventing crises that can destabilize the political system and have a negative impact on economic security. Political legitimacy, which is the public recognition of the legitimacy of the government, also plays an important role in ensuring stability. It is noted that public trust in the political system and government reduces the risk of social conflicts, thus contributing to a stable political environment. In addition, the legitimacy of the government largely depends on its ability to respond to the demands of society and ensure the implementation of economic and social programs, which contributes to the strengthening of economic security.

The article also discusses socio-economic factors that have a significant impact on the sustainability of the political system. Economic growth, equitable distribution of resources, and access to basic services such as healthcare and education reduce social tensions and promote political stability. On the other hand, economic crises, high unemployment and social inequality can become catalysts for protests and political unrest that threaten the stability of the state.