STATE ECONOMIC SOVEREIGNTY AS A KEY FACTOR AFFECTING ITS ECONOMIC SECURITY

<ns3:p>The purpose of this article is to examine the relationship between economic sovereignty and the level of economic security of NATO's eastern flank states, with particular focus on the impact that the degree of economic independence has on the ability of the state to ensure stability, resilience and the development of its economy. The study aims to understand how economic sovereignty of the state translates into its ability to ensure stability, resilience and economic development. By analysing selected indicators of economic sovereignty and economic security, the study aims to provide a more comprehensive perspective on the role of economic sovereignty in the context of ensuring economic security of the state. For the purpose of the study, a critical analysis of the literature and a statistical analysis were used to assess the relationship between economic sovereignty and state economic security. The study covers 9 countries of NATO's eastern flank, which include: Poland, Lithuania, Latvia, Estonia, the Czech Republic, Slovakia, Romania, Bulgaria and Hungary. The analysis was conducted at different levels of aggregation, focusing on the macroeconomic analysis of the national economies under study. The main research problem of this study is an attempt to find an answer to the question of whether the economic sovereignty of the state is an important determinant of its level of economic security, providing greater independence, control over resources and the ability to effectively manage economic policy. The study aims to identify the key determinants of economic sovereignty, to analyse mechanisms through which economic sovereignty influences economic security and to assess the consequences of this influence on the economic development of the state. The assumption that a higher level of economic sovereignty positively influences the economic security of states by providing them with greater stability and resilience in the case of external economic, political and financial crises was adopted as the primary research hypothesis. In order to achieve the stated aim of the article, the Perkal method was also used to accurately assess the relationship between economic sovereignty and economic security, taking into account both internal and external factors affecting both variables. The results of the analysis, based on a correlation coefficient of 0.69, indicate a strong positive correlation between economic sovereignty and the level of economic security of NATO's eastern flank countries. This implies that states with higher economic sovereignty, characterised by greater independence and the ability to manage resources and economic policies effectively, achieve a higher level of economic stability, which promotes their resilience to crises and external threats. The study also provided an understanding that economic sovereignty not only enables states to better manage their resources, but also gives them greater flexibility and capacity to make economic decisions, which affects their long-term development and security.</ns3:p>