Soft Factors of Economic Security

Abstract

The importance of economic security has increased considerably in the last decades. It can be separated into the following two parts: security of ordinary operation and security of long-term development. In this article we are going to be dealing with the latter, especially the so-called soft factors which make up the basis of it. These factors are the human capital, social capital and territorial capital. With the assistance of the tree model of competitiveness, we are going to demonstrate how important these factors are from the aspect of long-term economic development and social stability. Since the means of altering them is quite difficult and slow, developing them requires a continuous, well-considered, conscious strategy.