Could Economic Security Be Beyond Defense Economics An Attempt to Define Economic Security

Canan Özge EĞRİ

Abstract


Abstract

Security is a complex, contradictory, deepening and broadening, multi-dimensional (societal, economic, environmental and political) subject from ancient times to the present day in the literature. Furthermore, there isn’t always a harmonic relationship between its dimensions. Generally, in the literature, it is assumed that there is a negative perception between security and economy. And when economic security analyzed, academicians occasionally observe the subject through microeconomic perspective; individuals and firms. This paper aims to establish a different theoretical and methodological basis on economic security. Economic security model will be presented in an international political economic context and macro-framework. It is based on a multivariate approach to foreign economic policy analysis (FEP). In this analysis we will use a schematic system of interactive functions that co-exist dynamically with wider context and by doing that we want to achieve to demonstrate its analytical workings. The interactive functions which are mentioned above are cognitive-ideological approaches; generic economic security objectives, technical policy realms, economic diplomacy and actor based influences. Also there are ‘important key terms that are used to help to understand the context. For example, actors who are responsible for directing of foreign economic policy are FEP protagonists; the polities that protagonists represent are FEP powers and a group which has a direct interest in structure and process of foreign economic policy. In current global era state policy makers lost the tightness of their policy making process and the FEP context becomes more important. As the control of state weakened, so the context factors strengthened. With these tools, economic security can be defined as “safeguarding the structural integrity and prosperity-generating capabilities and interest of a politico-economic entity in the context of various externalized risks and threats that confront it.” As a result, in this paper we try to give an integrated perspective on economic security which provide important orientation for FEP studies by macro-focused character.

Key Words: Security, economic security, international macro economy, foreign policy analysis (FEP), international political economy.


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