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GLOBALIZATION EFFECTS ON SOCIETY.
CASE STUDY: THE DYNAMICS OF FOREIGN DIRECT
INVESTMENT IN POST-COMMUNIST ROMANIA

GLOBALIZATION EFFECTS ON SOCIETY. CASE STUDY: THE DYNAMICS OF FOREIGN DIRECT INVESTMENT IN POST-COMMUNIST ROMANIA

Author(s): ADELINA-IULIANA NENIU / Language(s): English Issue: 18/2018

Globalization is a reality of the contemporary world, with manifestations and effects connected to all levels of human activities: economic, political, social, cultural, scientific and ecological. The suspension of customs barrier, the emerge of multinational companies, the competition on foreign and domestic markets, the importance of the resources and the way they are consumed have become causes and effects of the globalization. This study is meant to be an overall assessment of its effectts in a post-communist Romanian society. A more detalied analysis focuses on a trends and spatial features of foreign direct investment (FDI)seen mainly as a tool of the economic globalization. The foreign investment dynamics in Romania registered a positive trend after the communist fall. This is due to the massive flowof foreign investmentsfrom E.U. and also the economic performanced made by our country..

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Promoting Social Integration Through Cultural Events

Author(s): Alexandra Vîlcu / Language(s): English Issue: 05/2014

In our increasingly internationalized world, one of the main consequences is the creation of multicultural environments. This is a controversial issue, regarded either as an enriching experience, either as a threat to national identities. However, the “secret weapon” that most national minorities and immigrant communities seem to make recourse to is the one of cultural performance, in the form of events. After all, culture is the most pacifist and apolitical form of self-promotion. Managing cultural events with the purpose of raising awareness of a nation's own culture is in itself an example of good practice towards integration, and an exercise in creativity and cross-cultural management. In this article we will analyze concrete examples of cultural events organized by the Romanian diaspora and Romanian cultural institutions abroad. We will find out about the concepts behind these events, the way they have been managed, and the positive impact they have on the way that Romanian national identity is perceived.

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REALITY IN NON PROFIT ORGANIZATION´S COMMUNICATION

REALITY IN NON PROFIT ORGANIZATION´S COMMUNICATION

Author(s): Jana Galera Matúšová / Language(s): English Issue: 1/2018

A nonprofit organization has to use individual marketing communication tools to raise awareness of its activities or specific projects. Nonprofit organizations don´thave a huge budget for communication campaigns, therefore they mainly use PR activities. But is it easier for nonprofit organizations to communicate with media than for commercial companies? The article tries to answer these questions on the basis of knowledge acquired during project realization – I AM THE RESCUE (ZÁCHRANA SOM JA in Slovak).

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Redesigning Bank-Customer Relationships in the Era of Globalization and Information Technology Revolution

Redesigning Bank-Customer Relationships in the Era of Globalization and Information Technology Revolution

Author(s): Bogdan Florin Filip / Language(s): English Issue: special/2017

This paper aims to develop a study on the changes brought by globalization and information technology revolution on the relationships between banks and their customers. As more and more of the customers of the banking industry become acquainted with the newest information technologies and value more their time, they demand also electronic access to banking services, forcing thus the banks to adapt themselves to their needs and to redesign the bank-customer relationships. However, beyond the many advantages for the customers and for the banks brought by the new design of these relationships there are also some disadvantages, especially for the banks, but also for the customers, that need attention. Therefore, while channels as internet banking, mobile banking and, more recently, social media banking seem to be the most likely alternatives for the banks to deliver banking services and products, they still have some limits, keeping still alive the interest for the brick-and-mortar bank branches.

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Developing translation techniques in a business English classroom

Developing translation techniques in a business English classroom

Author(s): Teodora Popescu / Language(s): English Issue: 6/2008

Dieser Artikel bringt ein mögliches unterrichtendes Paradigma hervor, das den pädagogischen Nutzen der unterrichtenden Übersetzung Techniken zu den Wirtschaftswissenschaften-Studenten neu bewertet. Bei der Zurückweisung der einseitigen strukturellen/grammatischen Übersetzung Methode, schlagen wir ein Modell vor, das auf der lexikalischen Annäherung basiert wird, die auf das lexikalische zeichnet, das paradigmatisch, sowie syntagmatische Gleichwertigkeit zwischen der Ausgangssprache und der Zielsprache.

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POKUŠAJ SARADNJE SRPSKIH I MUSLIMANSKIH ELITA U FINANSIJAMA PRED PRVI SVJETSKI RAT

POKUŠAJ SARADNJE SRPSKIH I MUSLIMANSKIH ELITA U FINANSIJAMA PRED PRVI SVJETSKI RAT

Author(s): Muhamed Nametak / Language(s): Bosnian Issue: 47/2018

This paper, written on the basis of archival sources and previous results of historiography, tries to uncover the attempt of financial cooperation between Bosnian Serbs and Muslims during the Austro-Hungarian occupation and administration. The article indicates that attempts to establish a joint Bank were prompted by different motives, but that both sides could have benefited from success of this enterprise. The cooperation was initiated, both from economical urges and as an attempt to resist the penetration of foreign capital in the country. At the end, due to the overwhelming differences between the two sides, this enterprise failed, and they continued henceforth with establishing and developing national institutions in banking and finance.

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Стратегия на Европейската комисия
за обществените поръчки. Възприемане на европейските приоритети в областта на обществените поръчки от Република България

Стратегия на Европейската комисия за обществените поръчки. Възприемане на европейските приоритети в областта на обществените поръчки от Република България

Author(s): Momchil Mavrov / Language(s): Bulgarian Issue: 3/2018

Within the European Union, a very large percentage of public investment is spent through public procurement. This trend has a significant impact on the financial costs of the Union, which is why a number of measures have been taken to create an adequate and flexible legal framework to ensure the delivery of better and more efficient public procurement. Some of these measures are aimed at adopting appropriate acts in the field, such as: Directive 2007/66 / EC of the European Parliament and of the Council, Directives 89/665 / EEC and 92/13 / EEC, the Single Market Strategy (COM (2015)) 550), as well as the European Commission‘s 2017 Public Procurement Strategy. The latter document is important for improving European practices in the field, as it defines priorities in Community policy with regard to public procurement. The Bulgarian legislator should be well acquainted with the European legal framework for public procurement with a view to its proper application in national law.

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Непълен работен ден и работа на повикване

Непълен работен ден и работа на повикване

Author(s): Nenko Salchev / Language(s): Bulgarian Issue: 3/2018

This article examines the extent and nature of part-time work and how it has changed over time. It examines factors influencing decisions of enterprises and individuals to offer and accept part-time work. Part-time work has become an important form of employment, which has grown continuously since the 1970s to the present. Its benefits are related to the prerequisites for reconciliation of work-life balance and the possibility of including in the labour market some groups of the society who are unable to work full-time. Part-time work allows employers to reduce their expenses for wages and gives them flexibility in organizing the work in enterprise. Its widespread use in certain cases entails risks of reducing the general level of worker’s protection, deteriorating working conditions, discrimination and even marginalizing part of the employees. Thus the possible continuation of the trend towards more flexible working time patterns should be pursued through a holistic approach combining certain aspects of employment, social security and tax legislation. In this way, the rights of employees will be guaranteed and expanded and also the negative effect of reducing the protection of workers and the transfer of economic risks to them will be limited. Special attention is paid to “on-call” and “zero-hours” labour contracts, in which there is no contractual minimum length of working time. Indicated are the negative impacts on the employee’s interests in the use of these types of labour contracts and how they transfer the economic risks from the employer to the employees. It is clearly stated why these types of labour contracts are not eligible under Bulgarian labour legislation and how their possible regulation could lead to the violation of the workers’ subjective rights.In conclusion, it is assert that in the Bulgarian system of labourrelations, part-time work has the necessary balance to protect theinterests of the parties. Employers in Bulgaria have the opportunity to take advantage of various forms of work organization in the enterprise, with only one of them being part-time work. The use of parttimework requires good planning of work processes and knowledge ofthe nature of business activity in order to ensure maximum efficiency of work and to reduce labour costs, which is the essence of good business management.

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Co-Design and Co-construction: LEGO®-Based Approaches For Complex, Creative Learning

Co-Design and Co-construction: LEGO®-Based Approaches For Complex, Creative Learning

Author(s): Alison James / Language(s): English Issue: 4/2018

This paper is the ‘ruminating narrative’ of a recent workshop exploring co-design using LEGO® SERIOUS PLAY®. Its aim is to offer a discussion of co-design and play, a workshop outline, and observations on how LEGO® SERIOUS PLAY®, co-design and play and creativity inter-relate. The author’s reflections on this particular event are rooted in, and distilled from, her wider work using LEGO® SERIOUS PLAY® and with play and creativity more generally. She also revisits her work with Stephen Brookfield on creative, critical reflection (2014) and relates this to the reflective practices embodied in the LEGO® SERIOUS PLAY® method. The author concludes by pulling together the commonalities between play, LEGO® SERIOUS PLAY® and co-design.

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Preferences of Accommodation: a Descriptive Study in the South of the State of Sonora, Mexico

Preferences of Accommodation: a Descriptive Study in the South of the State of Sonora, Mexico

Author(s): María Elvira López Parra,Elba Myriam Navarro Arvizu,Nora Edith González Navarro,Jesús Nereida Aceves López,Olena Kulykovets,Maciej Dębski / Language(s): English Issue: 4/2018

Objective: To identify the lodging preferences of users (to define the comfort level preferences of tourists/consumers) of southern Sonora, considering their perceptions, which allows to improve strategies to satisfy the user’s needs in the future. Methodology: The research was descriptive and quantitative. The participants were between 18 and 60 years old, of every socioeconomic level, gender, occupation, and level of education. The sample comprised 300 from the region of Sonora in Mexico. Findings: Regarding the methodological contribution, this research presents an instrument to collect the opinions of the accommodation users, which is expected to be replicated in other studies on a larger population scale. This research is empirical and collects the opinion of a group of people, showing their preferences regarding the factors and characteristics they consider when choosing a type of accommodation. In addition, companies operating in this field could define their competitive advantages considering the results of this research.

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STRATEGIC PERSPECTIVE IN MILLENNIUM COMPANIES

STRATEGIC PERSPECTIVE IN MILLENNIUM COMPANIES

Author(s): Hakan Çora / Language(s): English Issue: 41/2019

As we finish the second decade of the 21st century, with the rapid increase in information and communication technologies, the disappearance of international borders and the increase of mutual trade and dependence were influential in the emergence of the globalization process (Buyer P., 2012). Globalization, which has an impact on many areas of life, has also been influential in marketing and management approaches. With the globalization process, globalization of labour force was ensured, in addition to dissemination of knowledge and know-how, the world became a single market, borders were eliminated, products and services were designed, produced and presented for the demands and desires of the global market. The Millennium companies have now become obliged to carry out a strategic perspective as a standard application in management and marketing planning (Namie G., Namie R.F., 2011, Vroom V. H., 1994- Alas R., Tafel, K., Tımlik K. 2007).

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Slavonska suvara kao preteča dioničarskog društva

Slavonska suvara kao preteča dioničarskog društva

Author(s): Žarko Španiček / Language(s): Croatian Issue: 14/1991

This paper primarily deals with co-proprietary mills, the ways of their use and their management The main object of analysis is horse-driven mill, called »suvara«, from the village of Otok near the town of Vinkovci Horse-mills became established in the first half of 18th century in the Eastern Slavonia, particularly in the surroundings of the towns of Vinkovci and Županja, their building being animated by the authorities of the Military Border. Those horse-mills were established and used as co-proprietary mills. Horse-mills, as well as other co-proprietary mills, were built by the means of entering into partnerships of small individual shares, because such an expensive undertaking was not possible for a single peasant. The principle of concentration of capital of a lot of small private owners will fully develop joint-stock companies that will enable enormous enlargement of production as well as the foundation of huge enterprises. Shareholder is a joint owner who, in accordance with the number and value of his shares, has the right to get the part of the profit (dividends), to vote at the assembly, as well as the possibility to elect and to be elected a member of joint-stock-company authorities. By the same analogy, a horse-mill joint owner has the right to get a part of income (miller’s toll), to take part in making decisions and the possibility to get duty in the management of the mill. Collective labor is not characteristic of coproprietaiy-mills production because they are communities of ownership, not communities of work. This feature, together with the appearance of the wage laborer-miller, are typical of the capitalist production relations. Co-proprietary relationships in the rural mills are even more similar to the joint-stock-company principles in those mills where the proportion between co-proprietary participation and the amount of income was established. However, rural co-proprietary mills were first of all built to satisfy the needs of their joint owners which makes them still part of the natural economy. Yet, the concentration of means in order to realize greater enterprises, the appearance of wage labor on one hand and the ownership as the origin of income on the other, as well as the proportion between (»proprietary participation and the amount of profit are the embryo of new production relations that had appeared in co-proprietary mill and further developed in capitalism. Slavonian horse-mills thus represent a transitional mode from the traditional-feudal towards capitalist mode of production.

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Transitions Online_Around the Bloc-Big Discounts on Previously Flown Albanian MiGs
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Transitions Online_Around the Bloc-Big Discounts on Previously Flown Albanian MiGs

Author(s): TOL TOL / Language(s): English Issue: 04/16/2019

Old Soviet and Chinese fighters will soon give way to state of the art NATO planes.

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PRIVATIZACIJA DRUŠTVENOG / DRŽAVNOG VLASNIŠTVA – (NE)USPJELI TRANZICIJSKI PROCES?

PRIVATIZACIJA DRUŠTVENOG / DRŽAVNOG VLASNIŠTVA – (NE)USPJELI TRANZICIJSKI PROCES?

Author(s): Vladimir Dugalić,Šimo Šokčević / Language(s): Croatian Issue: 1/2007

Fifty years of the reign of socialist system and planned economy have showed the full extent of their inefficiency in Central and East European countries. The necessity for radical changes in the area of social and political life and for new economic models has been imposed on the post-socialist countries by disintegration of the socialist system. The problem of ownership and privatization of public/state property, for the most part provoked by the process of globalization, has abruptly become the key issue. We can see some similarities, but also certain differences if we compare different types of the process of privatization in the countries of Central and Eastern Europe. Transition was mainly a political project, carried out by political parties, mainly fractions of the old political elites. This resulted in a number of mistakes and contradictions, such as frauds and corruption, and deterioration of welfare system. Nevertheless, in spite of all the controversies, some of the countries have managed to overcome all the obstacles that appeared in the process of privatization, which was confirmed by their acceptance to the European Union.

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ANALYSIS OF THE DEMAND FOR PRIVATE HEALTHCARE IN SOUTH AFRICA

ANALYSIS OF THE DEMAND FOR PRIVATE HEALTHCARE IN SOUTH AFRICA

Author(s): Steven Henry Dunga / Language(s): English Issue: 1/2019

Access to a good and healthy life is a human right recognised globally. The fight to deal with poverty and food insecurity as the top two sustainable development goals (SDGs) under the global agenda 2030 can only be achieved if a majority of the world population is able to participate in economic activities. However, the provision of healthcare is complicated by the nature of the demand and supply function. There is inefficient provision due to the positive externalities associated with healthcare provision and consequently the social efficiency is not achieved, especially when private provision is considered, and therefore the need for government involvement. This paper analyses the demand for private healthcare in South Africa, using the data collected from a general household survey with a sample of 21601 households. The results of the logistic regression model show that the gender of the head of a household, income, food security status, age of head of household and social grant and pension status were among the significant predictors of demand for private healthcare. The study provides insights on how provision of healthcare should be tailored so as to achieve maximum efficiency in public provision of healthcare.

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MERDŽERI I AKVIZICIJE U BANKARSKOM SEKTORU – SLUČAJ REPUBLIKE SRBIJE

MERDŽERI I AKVIZICIJE U BANKARSKOM SEKTORU – SLUČAJ REPUBLIKE SRBIJE

Author(s): Vera Zelenović,Nedeljko Babić / Language(s): Serbian Issue: 02/2018

The basic trend of the banking sector before the onset of the global financial crisis in 2008 was characterized by deregulation of financial markets. Following the onset of the crisis, regulatory bodies have been striving to increase regulation of the financial sector. The global crisis has led to great many mergers and acquisitions in the banking sector. Accordingly, this paper points to the significance of the banking sector’s stability in the conditions of globalization, following the global financial crisis, when a major wave of mergers and acquisitions of the international banking sector has been produced. The research refers to qualitative and quantitative study of mergers and acquisitions in the international banking sector, and the specifics of these transactions in national economies of the countries in transition (the case of the Republic of Serbia). In the introductory part of the paper, theoretical considerations of the mergers and acquisitions are stated. Specifics follow of the mergers and acquisitions in the countries in transition, compared to those in developed countries. Trough disclosure and analysis of quantitative data of mergers and acquisitions in the international banking sector in USA and Europe, this paper then identifies specificities of these transactions in different continents. In the second part of the paper, analysis follows of the mergers and acquisitions in the banking sector in the Republic of Serbia. A certain methodology is employed involving collection and processing of the latest data, i.e. quantitative data offered by the relevant international institutions, as well as their comparative analysis. In its concluding segments, on the basis of the previous analyzes and research results the paper identifies factors of emergence of the mergers and acquisitions, future trends in such, offering certain guidelines hopefully leading to harmonization of the banking sectors of the countries in transition and of highly developed countries, as well as in international banking on the global level.

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Virtual Community Characteristics as Success Factors for Crowdfunding Projects

Virtual Community Characteristics as Success Factors for Crowdfunding Projects

Author(s): Teodora Marinova / Language(s): English Issue: 5/2019

In this paper I investigate the factors influencing the likelihood of crowdfunding projects’ success by analyzing data from the crowdfunding platform Kickstarter. The research focus is on the influence of virtual community characteristics. The results show that the probability of project success is positively influenced by a higher number of project supporters but a larger amount of comments on the project, controlled for project definition factors, is found to decrease the likelihood of project success. This is in line with previous findings of a double-edged impact of the size of the virtual innovation community and the amount of peer-to-peer interaction on the likelihood of successful innovation input by the participants.

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Mixing Ethnic and Non-ethnic Economic Strategies: Migrant Entrepreneurs in Zagreb

Mixing Ethnic and Non-ethnic Economic Strategies: Migrant Entrepreneurs in Zagreb

Author(s): Jasna Čapo,Petra Kelemen / Language(s): English Issue: 2/2018

The article analyses small and medium scale entrepreneurial activities of foreign nationals in Zagreb, the Croatian capital. Migrants’ businesses in the hospitality sector are analysed against the background of opportunities and constraints offered by the specific local and national context, and in relation to the city’s attempts to reposition itself within international networks of power. The authors argue that the city’s ambiguous position – of a national metropolis which lacks relative power internationally and attempts to reposition itself by developing tourism industry – has positive effects on migrants’ emplacement. It offers them an opportunity to fill in empty economic niches in the hospitality sector and partake of the current tourist boom and heightened demand for diversity. The article argues that the local context, which lacks international diversity and ethnic markets, does not lead to the creation of “ethnic businesses”. By their targeted clientele, workforce, social networking, location in the city centre and visions for business expansion migrant businesses employ mixed, ethnic and non-ethnic, economic strategies of emplacement. The article thus underlines the importance of the local embeddedness for migrants’ emplacement, whose constituent part are efforts made by the city at its international rescaling.

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ПРИДРУЖНИТЕ ЕЛЕМЕНТИ НА НЕЗАВИСНОСТА: КЛАСНАТА МОБИЛНОСТ ВО РЕПУБЛИКА МАКЕДОНИЈА

ПРИДРУЖНИТЕ ЕЛЕМЕНТИ НА НЕЗАВИСНОСТА: КЛАСНАТА МОБИЛНОСТ ВО РЕПУБЛИКА МАКЕДОНИЈА

Author(s): Ilka Thiessen / Language(s): Macedonian Issue: 15/2016

Со спроведувањето на либералната пазарна економија во постсоцијалистичка независна Македонија се случија драматични економски промени што влијаеја на животите на една група млади жени инженерки во Скопје. Практикувајќи една од најпрестижните професии во Југославија, инженерите во независна и оспорувана Република Македонија се нашле во една класна мобилност што не ја очекувале. Странските агенции дефинираат нова работничка класа, една новопојавена класа „новопечени богаташи“ ja менува сопственоста. Тврдам дека во редефинирањето на нивниот однос кон процесот на производство преку нивните потрошувачки обрасци, а не преку нивниот труд, мојата група информатори ја субвертира новопојавената класна мобилност во Македонија.

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CONCOMITANTS OF INDEPENDENCE: CLASS MOBILITY IN THE REPUBLIC OF MACEDONIA

CONCOMITANTS OF INDEPENDENCE: CLASS MOBILITY IN THE REPUBLIC OF MACEDONIA

Author(s): Ilka Thiessen / Language(s): English Issue: 15/2016

In enforcing liberal market economy in post-socialist independent Macedonia dramatic economic changes affected the lives of a group of young female engineers in Skopje. Entering one of the most prestigious professions in Yugoslavia, engineers in the independent and contested Republic of Macedonia found themselves in a class mobility they had not anticipated. Foreign agencies define a new working class, a new emerging class of ‘noveau rich’ alters ownership. I argue that, in redefining their relationship to the process of production through their consumption patterns and not through their labor my group of informants subvert the new emerging class mobility in Macedonia.

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