the final, "peak" and irreversible destructive impact on the object of security. The onset
of economic collapse is the result of a long process of decline, as exemplified by the
default epidemics, which at one time the countries of Western Europe, France,
England, Germany, Portugal and Spain repeatedly experienced. It is a pity to admit,
but according to international forecasts [11], Ukraine is among the top three countries
with the most likely default risk along with Venezuela and Greece, according to the
criterion of exceeding the critical debt-to-GDP ratio.
The author's interpretation of the scientific concepts of the challenge, risk, threat,
danger implies their delineation in the perspective of spatial zones - "Safety zone"
(favourable condition), "Zone of threats" and "Danger zone" (unfavourable
conditions), the output of which involves the transformation of the category into
another state. Decomposition of the concepts of "challenge", "risk", "threat", "danger"
is depicted in Fig. 2.
-risks+
Boundary of limit values
Figure 2. Decomposition of the concepts of "challenge", "risk", "threat",
"danger"
Source: compiled by the author
The boundary between the favourable and unfavourable state of the security
object is the conventional line formed by the intersection of the extreme approximate
boundaries of the two zones. The specified limit is the starting point for risk aversion,
which, under the influence of different scenarios, may stimulate a "safety zone" or a
"danger zone". In turn, the emergence of challenges is an unpredictable process that
can take place in parallel with the object of security and activate preventive
mechanisms for its protection.
It is important that the location of the security object in a certain segment of this
or that "zone" affects the qualitative characteristics of its condition. For example, a safe
area is characterized by the possibility of protecting the interests of economic entities,
activating socio-economic development, financial stability, a powerful innovative
challenge
challenge
Danger Zone
н zone of hreats
Safety zone
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