COORDINATION OF COUNTERACTION TO TURMOIL IN THE ECONOMIC SPACE OF THE BLACK SEA REGION
COORDINATION OF COUNTERACTION TO TURMOIL IN THE ECONOMIC SPACE OF THE BLACK SEA REGION

Summary/Abstract: The article highlights the directions of strengthening territorial economic security in the Black Sea region. Taking into account the strategic role of this region in the development of sustainable and secure partnership, the author suggests focusing on shaping the future, regarding the principle of coordinated scenarios and actions of the member-states to the Organization of the Black Sea Economic Cooperation. The article stresses that for the countries of the region the geopolitical significance of regional challenges is largely due to the jeopardized (enhancement, accelerated, impetus) dynamics of global and national risks, which fundamentally affect both the current state of affairs and subsequent forecasts. Therefore, cooperation in the joint development of strategic thinking, in forecasting and political planning should focus on allocating the funding and tools for transforming the Black Sea from the confrontation zone into a space for peaceful convergence of civilization values. The author proves that common initiatives of sovereign governments should be oriented towards the protection of national interests. The effectiveness of the application of various methods of resolving military, political, economic and social problems will depend on the pace of institutional change at all levels. Consistent actions aimed at further detente in the region need to be coherent with the relatively low rates of global and national public perception of the need for new joint reforms aimed at realizing the goals of sustainable development in favour of global and regional players.

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