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Title

Implications for Economic Security of the Three Seas Initiative Countries Resulting from Membership in the World Bank

Authors

[ 1 ] Instytut Studiów Strategicznych, Wydział Bezpieczeństwa Narodowego, Akademia Sztuki Wojennej | [ P ] employee

Scientific discipline (Law 2.0)

[5.3] Security studies

Year of publication

2021

Published in

European Research Studies Journal

Journal year: 2021 | Journal volume: vol. XXIV | Journal number: issue 4

Article type

scientific article

Publication language

english

Keywords
PL
  • Badania ilościowe
  • Badania jakościowe
  • Badania naukowe
  • Bezpieczeństwo
  • Bezpieczeństwo ekonomiczne państwa
  • Bezpieczeństwo finansowe
  • COVID-19
  • Epidemie
  • Gospodarka
  • Inicjatywa Trójmorza
  • Kryzys gospodarczy
  • Międzynarodowy Bank Odbudowy i Rozwoju
  • Polityka gospodarcza
  • Polityka makroekonomiczna
  • Wirus SARS-CoV-2
EN
  • COVID-19
  • Economy
  • Economic security of the state
  • Epidemic
  • Financial security
  • Security
  • Qualitative research
  • Quantitative research
  • Three Seas Initiative (3SI)
  • The World Bank
Abstract

EN Purpose: The objective of the article is to present research results on the interdependencies between the World Bank (WB) and the Three Seas Initiative (3SI) in the area of economic security of the countries. Design/Methodology/Approach: The Three Seas Initiative (3SI) was launched in 2015 in New York during the United Nations General Assembly, and it officially started operating in 2016. The World Bank is a global financial institution seated in 1944 and its constant objective is to support member states in order to create conditions for safe and long-term development. Mainly historical and current analysis source documents, including the WB and 3SI reports and strategies, are the research methods and materials used for this paper. They have been utilised as the theoretical foundations for this discussion. These have been complemented with additional references in order to deepen the theoretical considerations contained herein. Additionally, the paper considers sources related to current problems and the WB's theoretical approach to COVID-19. Other research methods include a comparative analysis of statistical data, the inductive method for general statements development, and the study of cause-and-effect relationships between the discussed phenomena. Findings: The 3SI countries are not high-ranked by the WB. Greater opportunities to influence the WB policy are related to the fact that these countries belong to the European Union. The WB has already been involved in financing investment projects in the countries of this region, in most cases since the 1990s. This activity has been designed to improve the economic security of the countries and their population. Practical implications: The paper presents possibilities of cooperation of both parties – the 3SI countries and the WB in the area of economic security, both in the times of stable economic situation and in economic crises such the global pandemic SARS-CoV-2.

Date of online publication

20.11.2021

Pages (from - to)

486 - 505

DOI

10.35808/ersj/2602

URL

https://www.ersj.eu/journal/2602

Comments

JEL classification: F330, F500, F630. Bibliografia, netografia na stronach 501-505.

License type

CC BY (attribution alone)

Open Access Mode

open journal

Open Access Text Version

final published version

Release date

20.11.2021

Full text of article

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Access level to full text

public

Points of MNiSW / journal

100.0

Points of MNiSW / journal in years 2017-2021

100.0