TRANSFORMATION OF PUBLIC ADMINISTRATION IN THE CONTEXT OF ECONOMIC AND FINANCIAL SECURITY: CHALLENGES OF GLOBALIZATION OF INTERNATIONAL RELATIONS

Abstract

Abstract. The article examines the theoretical and practical aspects of the transformation of public governance in the context of intensifying globalization processes, which significantly affect the level of economic and financial security of the state. The authors emphasize the growing interdependence between countries, which generates new challenges for governance systems, particularly those arising from global economic crises, cyber threats, transnational crime, and financial market instability. Special attention is given to the development of digital technologies, which, on the one hand, offer new opportunities for governance processes and, on the other, introduce new risks to economic security. The study analyzes modern approaches to public governance reform, which involve enhancing institutional capacity, transparency, efficiency, and resilience of administrative systems. The necessity of shifting from reactive to proactive management strategies based on principles of adaptability, digitalization, and resilience to global shocks is substantiated. Considerable attention is devoted to the analysis of international experience in ensuring economic and financial security through managerial innovations, improvements in legal and regulatory frameworks, and the development of public-private partnerships. A special focus is placed on the transformation of public governance in Ukraine under conditions of war and geopolitical instability. The authors argue that, in order to strengthen the country's economic and financial security, a systemic renewal of governance approaches is required, taking into account both the global context and national specificities. In this regard, the article provides recommendations for the formation of a modern governance culture aimed at strategic thinking, openness, cross-sectoral coordination, and sustainable development. The research findings can be applied to improve public policy in the field of economic and financial security and to shape new models of public governance capable of effectively responding to the challenges of globalization and supporting national resilience.