Ensuring the stability of economic systems in conditions of market variability and increasing threats and risks

Keywords: economic systems, stability, evolutionary, homeostasis

Abstract

The article aims to develop a comprehensive methodological basis for the study and justification of four-level homeostatic mechanisms for controlling the stability of control systems in the “new normal” conditions, which is implemented in accordance with the author's concept of sustainable management. The article describes and details the features of the main types of homeostasis of control systems (evolutionary, structural, stable, systemic homeostasis), their hierarchical cyclic-closed relationship and their specific and predictive capabilities to provide administrative properties. This is substantiated and disclosed by determining: a) a set of conditions for generating homeostasis and implementing the specific effect of adaptation mechanisms and, accordingly, regulators of regeneration of control systems to external and internal transformations; b) guidelines and methods for the formation of economic systems that are resistant to institutional and resource constraints, supplemented by appropriate types of management systems; c) system-forming levers to ensure the inverse relationship within the self-regulatory economic system in its adaptation to the threats and challenges of sustainable development.

The article notes that the combinatorics of homeostasis control includes stabilizing, inertial, adaptive, organizational and economic, kinematic, cybernetic, anxiety, cognitive information, reparative, regenerative and other types of control. It emphasizes that a set of mechanisms to ensure the self-regulatory properties of systems should focus on maintaining their adaptability to external and internal transformations in the context of ensuring the transition to sustainable development. Given the four-level structural hierarchy of homeostatic properties, the article substantiates the possibility of ensuring adequate design of regulators for their consolidation in accordance with the priority objects of localization of the most effective management tools and measures.

Prospects for further research in the field of ensuring the stability of economic systems in market volatility and growing threats and risks are associated with solving the following problems: a) the formation of a stable management system to b) create a congruent institutional environment at each stage of systemic homeostasis; c) overcoming the existing institutional and resource constraints, eliminating the dangers and risks of sustainable development of economic systems with their differentiation in accordance with the spatial characteristics of the national meta-space.

Methodologically important conclusions on the consequences of project implementation (in turbulent conditions) of four stages of management of ensuring the stability of economic systems according to the dominants of homeostasis are formulated. It is confirmed that as a result of achieving homeostasis: the system not only retains the main vital parameters in the process of adaptation to operating conditions and critical changes, but also provides stabilization of activity; systemic homeostatic properties and its stabilization parameters depend on the evolutionary, structural and resistance traits acquired by the system in the previous stages of generation; for the system and its elements or processes (economic, production, natural resource, societal nature) at each point in time should determine the state of the generalized results of the evaluation of five properties and stabilization parameters (self-alignment, inertia, delay, measurements of industry and structural-logical construction) and set the concept of changing these parameters and properties over time.

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Published
2021-08-31
How to Cite
Mykytenko , V., Rogov , P., & Khomik , M. (2021). Ensuring the stability of economic systems in conditions of market variability and increasing threats and risks. Journal of Scientific Papers ʽʽSocial Development and Security’’, 11(4), 39-59. https://doi.org/10.33445/sds.2021.11.4.4
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Articles