Vlastimir Leković
Meri Boshkoska
The objective of this work is to analyze the real state in the field of the Macedonian Health and Social Policy, the pension system and human security at work. This type of analysis will make it possible to deduce certain conclusions and recommendations about accomplishing a higher level of general human security in the Former Yugoslav Republic of Macedonia. The results of this study enable us to conclude that, in the Former Yugoslav Republic of Macedonia, living expenses have been permanently increased, the unemployment rate is high and the average minimum wages paid in the region are the lowest, which all contributes to profound poverty in the country. It is also necessary to revise the laws and regulations in the field of workers’ health and security, make urgent changes in order to ensure the sustainability of the pension system and also start the reforms that will provide a sustainable and efficient health care system.
Jatinder P. Singh
The metamorphosis of business processes and corporate strategies is rapidly progressing across the globe. The critical role of intangibles in corporate performance is receiving its due recognition. Complex tradeable financial products are flooding financial markets. In attempts to gear up for the challenge of financial reporting in this upstaged environment, standard setters have substantively restructured reporting systems, with ‘fair value’ being the bedrock thereof. Moving away from the traditional ‘revenue/expense’ matching measure of income towards the ‘asset/liability’ measure together with the adoption of the Hicksian concept of income is clearly discernible in the pronouncements and ongoing projects of the US Financial Accounting Standards Board (hereinafter referred to as FASB) and the International Accounting Standards Board (hereinafter referred to as IASB ). In this article, an attempt is made to analyze the issues that are controversial and equivocal, or those that need further refinement insofar as fair value accounting is concerned.
Vladimir Mićić
Experience and good practice show that, in order to achieve economic growth and development, changes in the economic structure need to be made. They have an influence on the relative share, place and role of certain activities in the economy and they are the driver of sustainable economic development. Efficient structural changes are related to the capability of an economy to create more propulsive economic activities. The subject matter of the research in this paper is the determination of the degree of the determination of the economic development of the Republic of Serbia by the sectoral structure of the economy. The research goal is to indicate the adequacy of the size of and contribution of the sectors to the creation of gross value added and the total employment, i.e. the influence of the size, intensity and directions of changes between the sectors on the economic development. The research results are indicative of the fact that the achieved level of the development and low growth rate of the economy of the Republic of Serbia are the consequence of insufficiently comprehensive and intensive changes, changes that are late and are not stable. The future development of the economy will directly depend on the speed of changes and the creation of a modern sectional economic structure, especially the development of a propulsive manufacturing structure or “4.0 industries”.
Dragan Petrović, Zoran Stefanović and Ivan Marković
Behavioral models are a useful instrument of the analysis of interdependent impacts of the institutional structure and macroeconomic trends. Their role, among other things, is reflected in presenting the advantages and disadvantages of different interpretations of economic reality, associated with the subjective perceptions of the possibilities of the adaptation of economic actors to the requirements of the existing institutional structure. Having in mind the fact that the economic decision-making process is an integral part of macroeconomic and broader social ontology, as well as the different opinions regarding the basic features of behavioral models, the subject of this work is focused on trying to determine their theoretical relevancy and practical foundation. Special attention is paid to the phenomenon of the realism of behavioral models in order to analyze their instrumentalist importance for the implementation of the policy of asymmetric paternalism in conditions of uncertainty.
Veljko Marinković
Economic, political and militaristic tensions between countries are present throughout the world. The devastating effects of the global financial crisis are still generating the ever-increasing instability of the world economy. Patriotism and nationalism, as well as animosity towards the economic and military policies of certain foreign countries, seem to be on the rise across many countries and nations in recent years. It is precisely the current situation in the world that is favorable for encouraging citizens to purchase domestic products. The policy can be particularly useful for less-developed import-oriented economies. Thus, in the conditions of the economic crisis, the study of consumer ethnocentrism is gaining in importance. The paper examines the effects of the patriotism of the citizens of the Republic of Serbia and animosity towards the EU on consumer ethnocentrism. The results show that both these variables stand out as the statistically significant antecedents of consumer ethnocentrism; however, it should be noticed that patriotism shows a stronger influence on the consumer’s orientation towards buying domestic products. The research findings indicate that love of one’s country may direct consumer choices towards domestic brands, despite the positive image and high quality of foreign ones. In addition, due to citizens’ strong dislike towards the EU economic policy, some of them may decide to buy lower-quality domestic products; however, this does not necessarily negatively affect one’s perception of foreign products.
Slavica P. Petrović
Issue 1 of Volume 19, Year 2017 of the Economic Horizons scientific journal contains one original scientific paper, three review papers, one preliminary communication, and a scientific meeting review.