- Economic security
"For financial securities such as stocks and bonds, see
security (finance) "Economic security or financial security is the condition of having stable income or other resources to support a
standard of living now and in the foreseeable future. It includes
* probable continuedsolvency
* predictability of the futurecash flow of aperson or other economic entity, such as a country
* employment security orjob security Financial security more often refers to individual and family money management and savings. [ [http://www.csrees.usda.gov/nea/economics/fsll/fsll.html Financial Security in Later Life ] ] [ [http://www.gao.gov/new.items/d08105.pdf GAO-08-105 Retirement Security: Women Face Challenges in Ensuring Financial Security in Retirement ] ] Economic security tends to include the broader effect of a society's production levels and monetary support for non-working citizens.
Components of individual economic security
In the
United States , children's economic security is indicated by theincome level and employment security of their families. [ [http://www.childstats.gov/americaschildren/eco.asp Childstats.gov - America's Children: Key National Indicators of Well-Being 2007 - Economic Circumstances ] ] Economic security of people over 50 years old is based on Social Security benefits,pension s and savings, earnings and employment, andhealth insurance coverage. [ [http://www.aarp.org/research/reference/statistics/Articles/aresearch-import-298.html Beyond 50: Summary Tables and Charts ] ]In 1972, the state legislature of
Arizona formed a Department of Economic Security with a mission to promote "the safety, well-being, and self sufficiency of children, adults, and families". This department combines state government activities previously managed by the Employment Security Commission, the State Department of Public Welfare, the Division of Vocational Rehabilitation, the State Office of Economic Opportunity, theApprenticeship Council, the State Office of Manpower Planning, and the State Department ofMental Retardation . [ [https://egov.azdes.gov/cmsinternet/main.aspx?id=114 About DES ] ]The
Minnesota Department of Economic Security was formed in 1977 from the departments of Employment Services and Vocational Rehabilitation, the Governor's Manpower Office, and the Economic Opportunity Office, which administered anti-poverty programs. In 1985, State Services for the Blind was included in this department. In 2003, the Minnesota Department of Economic Security and Minnesota Department of Trade and Economic Development were merged to form The Minnesota Department of Employment andEconomic Development . [ [http://www.deed.state.mn.us/agency/history.htm DEED History ] ]Economic security of countries
Economic security has been proposed as a key determinant of
international relations , particularly in thegeopolitics ofpetroleum in American foreign policy after September 11, 2001. [cite book| last=Rupert |first=Mark |title=International Relations Theory |publisher=Oxford University Press |date=2007 |location=Oxford |isbn=unknown]In
Canada , threats to the country's overall economic security are considered economic espionage, which is "illegal, clandestine or coercive activity by a foreign government in order to gain unauthorized access to economic intelligence, such as proprietary information or technology, for economic advantage." [ [http://www.csis-scrs.gc.ca/en/newsroom/backgrounders/backgrounder06.asp Backgrounder No. 6: Economic Security ] ]Other
It is widely believed that there is a
tradeoff between economic security andeconomic opportunity .Fact|date=October 2007Notes and references
Wikimedia Foundation. 2010.
