Formation of a system of indicators of balanced economic development in the context of globalization: space-time analysis in order to ensure economic security

Research background: The modern world economy of the 21st century, being innovatively oriented, global and based on the information space, is constantly being modified, focusing on the growth of the level and quality of life of the population by accelerating innovation processes. For the purposes of monitoring the innovation and investment activities of the regions in order to ensure the economic security of Russia, it is necessary to have a system of indicators that reflect the processes of innovative development of its territories as comprehensively as possible. Purpose of the article: Formation of a system of indicators for the balanced development of the region’s economy in the context of globalization: space-time analysis in order to ensure economic security. Methods: Spatio-temporal analysis of the identified indicators of balanced development of the regional economy in order to ensure economic security. Findings & Value added: The proposed system of indicators of economic security of the region and their threshold values can be used in assessing the development forecasts of the regions and the Federal Districts developed by the administration, draft budgets, expertise of the federal target programs, as well as in other elements of the regional economic security management