engleski

Potential security implications of the global financial crisis

Today's world, owing to globalization and the advancement of technology, is integrated to the extent that global interdependence has no alternative. The origin of the current economic crisis is largely attributed to illegitimate financial procedures and behavior of large banking institutions and investment funds. This fact raises issues of control and supervision of financial flows in the world. At the 2009 G20 summit in London, the offshore banking institutions and tax havens were highlighted as an example of “the central dark spot” in the regulation of the global financial market. The global financial crisis has also jeopardized the implementation of anti-terrorism rules and numerous efforts aimed at combating terrorism. This situation encourages scientists to examine and explore in their research and projects the various aspects of correlation between security and the economy. Social security is treated as part of national security achieved by people and equaled with the people. Therefore, the notion of a nation’s security is very often equated with the concept of national security. The economic policy and national security intertwine and complement each other. The greatest risk for national security in many societies these days is an economic crisis. The rate at which the financial crisis, created in the United States, expanded to the rest of the world confirms the complexity and interdependence of the modern world. The financial crisis has accelerated the processes which lead towards a multipolar world. The financial crisis has accelerated the processes which lead towards a multipolar world. In many societies, the financial crisis has generated tensions, inequalities, corruption, and poverty. These situations often lead to social unrest, political tensions, a rise in xenophobia, extremism, organized crime, and terrorism. Therefore, the financial crisis has become the greatest threat to international security.

social security, economic crisis, national security

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