<html> <head> <meta http-equiv="Content-Type" content="text/html; charset=windows-1252"> <title>MEST Journal</title> <style> .naslov { font : bold 28pt Arial; color : blue; } .header { font : bold 18pt Arial; color : blue; } .header1 { font : bold 14pt Arial; color : blue; } .header2 { font : bold 12pt Arial; color : blue; } .header3 { font : normal 11pt Arial; color : blue; text-align:justify } .header4 { font : normal 9pt Arial; color : blue; text-align:center } .news { font : normal 10pt Arial; color : blue; } .notlogged { font : normal 10pt Arial; color : red; } .belo { font : normal 10pt Arial; color : white; } .prele { font : normal 8.5pt Arial; color : navy; } .stno { font : normal 8pt Arial; color : black; } .quote { font : bold 10pt Arial; color : blue; } .pol { font : bold 10pt Arial; color : green; } .small { font : normal 8.5pt Arial; color: black; } .more { font : bold 8pt Arial; color : navy; } .sitnolevo { font : normal 7.5pt arial; color : mediumblue; } .crveno { font : normal 9pt arial; color : red; } .quest { font : bold 8pt arial; color : red; } .plavo { font : normal 10pt arial; color : mediumblue; } .blah { font : normal 8pt arial; color : black; } .crv { font : normal 9pt arial; color : mediumblue; } a:link { text-decoration: none; } a:visited { text-decoration: none; } a:hover { text-decoration: none; } </style> <style type="text/css"> h1 {text-align:center} h2 {text-align:center} h3 {text-align:justify} h4 {text-align:center} </style> </head> <body topmargin="2" leftmargin="2"> <body bgcolor="#ffffff"> <a id="C1"><tr> <td align=left><img src=pictures/Motor_gif.gif></a> <span class=naslov align=center> MEST Journal</span> </td> </tr> <object width="100%" height="55" data="baner.html"></object> <table> <td align=left width=1366> <a href=index1.html> <img src=pictures/Home_pritisnuto.gif></a> <a href=Main_menu.html> <img src=pictures/Main_menu.gif></a> <a href=Journal_overview.html> <img src=pictures/Journal_overview.gif></a> <a href=Submit_a_manuscript.html> <img src=pictures/Submit_a_manuscript.gif></a> <a href=Instructions_for_authors.html> <img src=pictures/Instructions_for_authors.gif></a> <a href=Update_my_information.html> <img src=pictures/Update_my_information.gif></a> <a href=Contact_us.html> <img src=pictures/Contact_us.gif></a> <a href="http://www.meste.org/index.html"> <img src=pictures/Logout.gif></a> <a href="MEST_Najava_clanaka.html"> <img src=pictures/U_sledecem_broju.gif></a> </table> <table> <td width="240" border="0" cellspacing="0" cellpadding="0" align="left" valign="top"> <span class=header2> Editor<br> <a href="http://zoran.cekerevac.eu" target="_blank">Zoran ekerevac </a></span> <br><br><br><br><br> <FORM> <INPUT TYPE="BUTTON" VALUE="Recommended Keywords" ONCLICK="window.location.href='http://www.meste.org/Keywords.html'" > </FORM> <br><br><br> <br><br><br> <a target="_blank" href="http://www.meste.org/Reviews.html"> <h3> <span class="notlogged">If you want to review or comment some of the listed articles, please, first copy the article title and click <b>here</b></a>.</span> </h3> <td width=10> <td width=650 align=left valign="top"> <p style="text-align: justify;"> <!-- <span class=header1> <br><br><b> In the next issues</b> </span> <br><br> <span class="header"> S o o n!</span> --> <span class=header3> In the next issues of the MEST Journal, among others, we will publish:</span><br> <span class="news">(To see the abstract of an item click the title of the item) <ol> <span class=header3> <a href="#C2"><li>Dubravka Skunca, Milanka Bogavac, and Danilo Rudic<br><b>COMPETITIVENESS OF SMALL AND MEDIUM ENTERPRISES IN THE BRICS COUNTRIES AND SERBIA</a></b><br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/XIII_Skunca.pdf"> <b>here</b></a><br><br> <a href="#C3"><li>Maxim Aleksandrovich Ivanov<br><b>PROJECT FINANCE AS A FORM OF FINANCIAL MANAGEMENT IN RUSSIAN AGRICULTURE</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/XIII_Ivanov.pdf"> <b>here</b></a><br><br> <a href="#C4"><li>Christian Torsell and Walter E. Block<br><b>MISESIAN EPISTEMOLOGY</a></b><br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/XIII_Torsell.pdf"> <b>here</b></a><br><br> <a href="#C5"><li>Emil Jelezov and Gergana Kirilova<br><b>ECONOMIC ACTIVITIES INFLUENCE MODELS ON THE TRAFFIC FLOWS IN BULGARIAN SEAPORTS</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/XIII_Jelezov.pdf"> <b>here</b></a><br><br> <a href="#C6"><li>Magdalena Petrova-Kirova<br><b>INTEGRATED REPORTING  THE NEW DIRECTION IN THE CORPORATE REPORTING</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/XIII_Petrova.pdf"> <b>here</b></a><br><br> <a href="#C7"><li>Aleksandra Janeska Iliev, Kiril Postolov, and Marija Magdinceva Sopova<br><b>GENERATIONAL DIFFERENCES IN ACHIEVING WORK-LIFE BALANCE</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/XIII_Janeska.pdf"> <b>here</b></a><br><br> <!-- <a href="#C8"><li>Marino Varricchio and Walter E. Block<br><b>RUNAWAY CHILDREN AND STARVATION</a></b><br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/XII_Varricchio.pdf"> <b>here</b></a><br><br> <a href="#C9"><li>Stanislav Filip<br><b>MASS MIGRATION AND CRISIS MANAGEMENT OF THE PUBLIC ADMINISTRATION OF THE SLOVAK REPUBLIC</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://www.meste.org/mest/MEST_Najava/XII_Filip.pdf"> <b>here</b></a><br><br> <a href="#C10"><li>Suat Askin<br><b>EFFECTS OF TRAINING WORKSHOPS ON WORKER MOTIVATIONS AND PRODUCTIVITY BY ACADEMICS  A CASE OF AN INDUSTRIAL PLANT</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/XII_Askin.pdf"> <b>here</b></a><br><br> <a href="#C11"><li>Piotr Adamczewski<br><b>INTELLIGENT ORGANIZATIONS IN DIGITAL AGE - CASE STUDY OF SMES IN POLAND</a></b><br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/XII_Adamczewski.pdf"> <b>here</b></a><br><br> <a href="#C12"><li>Dimitar Dimitrov and Nina Gergova<br><b>SUMMARY FUNCTIONAL ANALYSIS AND EVALUATION OF UNIVERSITY INFORMATION SYSTEMS AT "TODOR KABLESHKOV" UNIVERSITY OF TRANSPORT</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/XII_Dimitrov.pdf"> <b>here</b></a><br><br> <a href="#C13"><li>Anatolie Caraganciu and Constana Tiuhtii<br><b>IMPLEMENTATION OF COMPETITION LAW.<br>ECONOMIC CONCENTRATIONS - CASE STUDIES IN THE PRACTICE OF THE REPUBLIC OF MOLDOVA</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/XII_Caraganciu.pdf"> <b>here</b></a><br><br> <a href="#C14"><li>Antoaneta Kirova<br><b>PROSPECTS FOR BUSINESS CLUSTERS IN THE REPUBLIC OF BULGARIA</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/XII_Kirova.pdf"> <b>here</b></a><br><br> <a href="#C15"><li>Marek Stych<br><b>QUALITY MANAGEMENT IN POLAND S HEALTHCARE STRUCTURE</a></b><br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/XII_Stych.pdf"> <b>here</b></a><br><br> <a href="#C16"><li>Munir Sabanovic, Muzafer Saracevic and Kemal Dzemic<br><b>COMPARATIVE ANALYSIS OF DATA TRANSFER TECHNOLOGY BETWEEN SERVER AND CLIENT: AMF AND OBJECTS ON THE WEBSITE</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/XII_Sabanovic.pdf"> <b>here</b></a><br><br> <a href="#C17"><li>Marcin Paweska<br><b>LOGISTICS FOR HUMANITARIAN AID</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/XII_Paweska.pdf"> <b>here</b></a><br><br> <a href="#C18"><li>Anastasiya Prigoda<br><b>MIGRATION PROCESS IN MODERN WORLD</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/XII_PrigodaA.pdf"> <b>here</b></a><br><br> <a href="#C19"><li>Volodymyr Pasichnyk & Tetiana Shestakevych<br><b>THE DATA ANALYSIS APPROACH IN IT-SUPPORT OF INCLUSIVE EDUCATION</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/X_Pasichnyk.pdf"> <b>here</b></a><br><br> <a href="#C20"><li>Adis Rahmanovic and Muzafer Saracevic<br><b>THE FEASIBILITY AND BENEFITS OF GPS TELEMETRY MONITORING SYSTEM IN MINING</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/IX_Rahmanovic.pdf"> <b>here</b></a><br><br> <a href="#C21"><li>Wangbo<br><b>E-COMMERCE PRACTICE EXPLORATION AND TEACHING REFORM BASED ON THE LOGISTICS MANAGEMENT MAJOR</a></b><br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/X_Wangbo.pdf"> <b>here</b></a><br><br> <a href="#C22"><li>Ladislav Novak, Lubos Mahdon and Jana Lopusanova<br><b>CONSEQUENCE OF THE FLASH FLOOD IN THE MALA FATRA MOUNTAINS</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/VIII_Novak.pdf"> <b>here</b></a><br><br> <a href="#C23"><li>Kseniia Bondarevska<br><b>STATE REGULATION AS A FACTOR OF SUSTAINABLE ECONOMIC DEVELOPMENT</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/IVK_Bondarevska.pdf"> <b>here</b></a><br><br> <a href="#C24"><li>Anatolii Vdovichen<br><b>INFLUENCE OF THE WORLD TRIAD COUNTRIES MANAGEMENT ON THE DISPROPORTIONAL DEVELOPMENT OF GLOBAL ECONOMY</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/IVK_Vdovichen.pdf"> <b>here</b></a><br><br> <a href="#C25"><li>Walter Block<br><b>REJOINDER TO WISNIEWSKI ON EVICTIONISM, ROUND FOUR</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/V_Block.pdf"> <b>here</b></a><br><br> <a href="#C26"><li>Walter Block<br><b>BOOK REVIEW OF STEVEN PINKER S:  THE BETTER ANGELS OF OUR NATURE: WHY VIOLENCE HAS DECLINED Part III</a></b> <br> <span class="news">To read Part III of the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/II_24_3_block.pdf"> <b>here</b></a><br><br> <a href="#C27"><li>Branislav Djordjevic<br><b>STRATEGY ANALYSIS AND CHOICE</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/IV_Djordjevic.pdf"> <b>here</b></a><br><br> <a href="#C28"><li>Viera ihovsk<br><b>EUROPEAN MARKETING - CONCEPT FOR EFFICIENT EXCHANGE OF THE SINGLE MARKET OF THE EUROPEAN UNION</a></b> <br> <span class="">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/IVK_Cihovska.pdf"> <b>here</b></a><br><br> <a href="#C29"><li>David Ramiro Troitino<br><b>THE EUROPEAN UNION: THE BUILDING OF A NATION</a></b><br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/IX_Troitino.pdf"> <b>here</b></a><br><br> <a href="#C30"><li>Kristian Ujvary<br><b>EFFECTS OF MIGRATION ON THE EUROPEAN ECONOMY</a></b> <br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/IX_Ujvary.pdf"> <b>here</b></a><br><br> <a href="#C31"><li>Vasko Vassilev<br><b>RHETORICAL ASPECTS OF ECONOMIC ANALYSIS</a></b><br> <span class="news">To read the article before publishing click <a target="_blank" href="http://mest.meste.org/MEST_Najava/IX_Vassilev.pdf"> <b>here</b></a><br><br> --> <br><br> </ol> <h3> <a id="C2"><br><span class="header1">COMPETITIVENESS OF SMALL AND MEDIUM ENTERPRISES IN THE BRICS COUNTRIES AND SERBIA</a></h3> <h3><span class="news" align="justified"><b><i>Dubravka Skunca<br>Milanka Bogavac<br>Danilo Rudic<br> </i></b> <p><b>Abstract</b><br>The focus of this study is on the position of BRICS countries (Brazil, Russia, India, China and South Africa) and Serbia in The Global Competitiveness Report for 2017. Constraints related to the public trust in politicians, the burden of government regulation and hiring and firing practices have caused Brazil to have the lowest rank in the examined group of countries. The highest rank has China (27th place), followed by Russia (38th place), India (40th place), South Africa (61st place), Serbia (78th place) and Brazil (80th place). Global Competitiveness Report (GCR) indicators related to the small and medium enterprises (SMEs) can be found in 6th pillar of competitiveness Goods market efficiency (effectiveness of anti-monopoly policy, no. procedures to start a business and no. days to start a business), in 7th pillar of competitiveness Labor market efficiency (cooperation in labor-employer relations, flexibility of wage determination, hiring and firing practices, pay and productivity and reliance on professional management), in 9th pillar of competitiveness Technological readiness (firm-level technology absorption) and in 11th pillar of competitiveness Business sophistication (local supplier quantity, local supplier quality, state of cluster development, production process sophistication, extent of marketing and willingness to delegate authority). China has the highest position among examined countries in terms of indicators related to the small and medium enterprises. <br><br> <b>Keywords</b>: China, Russia, competitiveness, small and medium-sized enterprises </p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C3"><br><span class="header1"><b>PROJECT FINANCE AS A FORM OF FINANCIAL MANAGEMENT IN RUSSIAN AGRICULTURE</b></a></h3> <h3><span class="news" align="justified"><b><i>Maxim Aleksandrovich Ivanov</i></b><br> <p><b>Abstract</b><br>Now there is a need of use of new instruments of financing of agro-industrial production as the existing mechanisms of crediting and subsidizing of interest rates are represented insufficiently effective. The agriculture is characterized by the low profitability which isn't allowing producers to use effectively borrowed funds as their cost during the last time grows the advancing rates. As a result of the use of the bank credits the financial condition of the agricultural enterprises worsens, the need of development of new financial instruments for simplification of access for producers of agricultural production to financing is a consequence of that. In this regard, we offer use of mechanisms of a project financing. Also, we recommend improving a technique of an assessment of projects with the purpose of implementation of the most effective financial support of agro-industrial production. Implementation of the specified offers will allow improving mechanisms of support of producers of agrarian production.<br><br> <b>Keywords</b>: import substitution, state support, credits, agro-industrial production.</h3> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a><br><br><br> <h3> <a id="C4"><br><span class="header1">MISESIAN EPISTEMOLOGY</a></h3> <h3><span class="news" align="justified"><b><i>Christian Torsell<br>Walter E. Block</b></i><br> <p><b>Abstract</b><br>Like all science, economics is essentially a truth-seeking enterprise. As such, it necessarily runs up against certain epistemological questions. What kinds of facts or expressions may count as economic truths? What method or methods might enable us to ascertain those facts? Is there any such approach that is both appropriate to the nature of the facts of economics and capable of generating substantial, interesting, or useful knowledge? Ludwig von Mises recognized the central importance of such questions. Much of his work is devoted to spelling out and refining his distinctive "Austrian" position on epistemology and economic method. We offer a summary and analysis of Mises s bi-modal thesis concerning scientific methodology: that the approach in the physical and social sciences diverges, the former being an empirical enterprise, the latter (including economics), a logical-deductive one. This is because the object of the social sciences is man, a creature who acts freely and purposively. The empirical method of the physical sciences, adequate for the study of objects and systems that are not purposive in this way, is inappropriate in this domain. Therefore, methodological dualism is justified. Mises s alternative aprioristic approach takes into account the uniquely human features of consciousness and freedom as well as the complexity and unquantifiability of social phenomena; these he saw as the main barriers to empiricism s usefulness in social science. This paper focuses in particular on the intellectual context in which Mises articulated this theory, emphasizing the divergence between his contribution and the dominant methodological views among practitioners of the social sciences in his time. <br><br> <b>Keywords</b>: Mises; methodology; praxeology; epistemology; dualism</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C5"><br><span class="header1">ECONOMIC ACTIVITIES INFLUENCE MODELS ON THE TRAFFIC FLOWS IN BULGARIAN SEAPORTS<a></h3> <h3><span class="news" align="justified"><b><i>Emil Jelezov<br>Gergana Kirilova</i><br> <p>Abstract:</b><br>The article presents analysis, assessment, and simple linear regression models of the basic economic activities impact on the volume of the cargo traffic processed in maritime ports of national importance in the Republic of Bulgaria. Dependencies between the industrial development trends and the turnover of the ports Varna and Burgas per main freight groups and directions (import, export and transit) are considered based on correlation and regression analysis. The trends of industry development are represented by industrial production indices by economic activities, classified according to the Statistical Classification of Economic Activities in the European Community (NACE). Trends in cargo turnover changes in ports are represented by indices of the physical volume of processed goods in the ports of Varna and Burgas.An assessment of the strength and directions influence of industry on the maritime cargo turnover of the seaports is made by defining the coefficients of a simple (one-factor) linear correlation between the industrial output indices by economic activity and port turnover load indexes. Verification of the statistical significance of the results and the determination of the linear models applicable for the predicted purposes was made by the F-test. <br><br> <b>Keywords</b>: national maritime ports, freight transport, basic economic activities, correlations between the industrial development trends and the turnover of the ports</h3> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a><br><br><br> <h3> <a id="C6"><br><span class="header1">INTEGRATED REPORTING  THE NEW DIRECTION IN THE CORPORATE REPORTING</a></h3> <h3><span class="news" align="justified"><b><i>Magdalena Petrova-Kirova</i></b><br> <p><b>Abstract</b><br>According to the World Commission on Environment and Development as a result of the enormous scales of poverty, the emerging ecological crisis and the alteration in the balances of the environment and the climate, humanity has entered an era of global uncertainty. The world is facing the elaborate task to encounter a manner to solve these social, environmental, economic and other problems. The alterations in a perspective impose changes in the range and the content of accountability. Each acting enterprise represents an inseparable part of the society. By accomplishing its activity it affects different stakeholders: investors, creditors, employees, customers, suppliers, regulators and the community in general. The enterprises corporate reporting was primarily connected with the disclosure of the annual financial statements reflecting their financial status. The concern over the impact of the enterprises on the environment and the people, as well as the growing information necessity of the stakeholders, require an alteration in the conventional reporting. The enlarged volume and content of the contemporary corporate reports and the absence of a relation between the incorporated financial and non-financial information presented in separate reports determine the necessity of preparing one single integrated report.<br><br> <b>Keywords:</b> Corporate reporting, non-financial information, integrated reporting, capital</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C7"><br><span class="header1">GENERATIONAL DIFFERENCES IN ACHIEVING WORK-LIFE BALANCE</a></h3> <h3><span class="news" align="justified"><b><i>Aleksandra Janeska Iliev<br>Kiril Postolov<br>Marija Magdinceva Sopova</i></b><br> <p><b>Abstract</b><br>Each generation is influenced by broad forces that create common value systems distinguishing them from people who grew up at different times. Reaching a balance between life and work is an intangible ideal considered to be a complete fairytale. But by making deliberate choices about which opportunities they ll pursue and which they ll decline, rather than simply reacting to emergencies, leaders can and do engage meaningfully with work, family, and community. The concept of work-life balance, as implied, consists of the management and balance of work responsibilities and non-work responsibilities. Professionals discover through hard experience that prospering is a matter of carefully combining work and home so as not to lose themselves, their loved ones, or their foothold on success. In that light the main goal of this paper is to find understanding for the main aspects of work-life balance and stressing the practical aspects of professionals in the struggle to face a satisfied professional and personal life, considering the attainment to a different generation. It has been widely discussed that individuals from different generations have been related to a different set of values which influences their image of what work-life balances mean. This paper aims at finding some ground bases for the analysis of, these different approaches, which could enable better organizational understanding of the needs of employees.<br><br> <b>Keywords:</b> Work Life, Professional life, Generation, Human Resource</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <!-- <h3> <a id="C8"><br><span class="header1">RUNAWAY CHILDREN AND STARVATION</a></h3> <h3><span class="news" align="justified"><b><i>Marino Varricchio<br>Walter E. Block</i></b><br> <p><b>Abstract</b><br>In this paper, we argue that Rothbard s version of the non-aggression principle, in conjunction with his account of self-ownership, is flawed. He interprets several acts that should be considered legal as criminal. First, he allows a three-year child to run away from his non-abusive parents and criminalizes the latter if they forcibly prevent this. Second, this author prohibits parents from forcing their two-year-old child to eat and drink, or have his diaper changed, when the baby refuses. We do not at all oppose the non-aggression principle. On the contrary, we reject Rothbard s interpretation of it when he applies it to children. Our main criticism is that this author is contradictory with regards to the legal status of the relationship children/parents. First, he argues that parents, despite several limitations, own their children. Second, he states that children are self-owners. If this is the case, every aggression against them should be considered a criminal act. However, since parents stand in a special legal relationship with their children, certain forms of aggression committed by them are legally permissible and, in certain cases, compulsory. <br> <br> <b>Keywords:</b><br>Libertarianism, the non-aggression principle, children s rights, parental rights, homesteading</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C9"><br><span class="header1">MASS MIGRATION AND CRISIS MANAGEMENT OF THE PUBLIC ADMINISTRATION OF THE SLOVAK REPUBLIC</a></h3> <h3><span class="news" align="justified"><b><i>Stanislav Filip</b></i><br> <p><b>Abstract</b><br>Author of this article analyses the current state of a readiness of the crisis management in the public administration of the Slovak Republic to deal with potential crisis situations caused by the massive influx of the illegal migrants to the city or town areas. Introduction of the article defines the theoretical framework of migration issue proposing the possible scenarios from threats of the own citizens and territories occupies by illegal migrants. It analyzes the current legal procedures of the crisis management of the public administration and its cooperation with non-governmental organizations to solve the social crisis. At the end of the article, the author presents the possible solutions for the training of staff and equipment of the rescue and security units to improve their readiness for real solution to the social crisis. <br><br> <b>Keywords:</b><br>immigration policy, crisis scenarios, crisis management, public administration</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C10"><br><span class="header1">EFFECTS OF TRAINING WORKSHOPS ON WORKER MOTIVATIONS AND PRODUCTIVITY BY ACADEMICS  A CASE OF AN INDUSTRIAL PLANT</a></h3> <h3><span class="news" align="justified"><b><i>Suat Askin</i></b><br> <p><b>Abstract</b><br>The purpose is to examine the effect of  motivation which plays an important role in institutions of Labor force productivity in an industrial entity. It is also aimed at providing a contribution to recent studies by examining its effects on productivity as well as knowledge and skill gain due to periodical training seminars and those on expectations and behaviors of employees. Important targets of such training include personal development and increase in labor force productivity. In this sense, the study examined the productivity aspect of training seminars in an integral frame (motivation, wage, social relations, training, and communication) and whether such aspects exhibit differences in terms of gender, marital status, educational status, department, job title, and age. This study in which contribution of training seminars provided in the entity on the development of personal behavior was conducted with the participation of a study group of 186 persons with various job titles. Effect of training seminars provided by Adiyaman University members on labor force effectiveness and development of personal behavior and factors affecting such process have been examined. A scale composed of 58 questions has been developed for the motivation and productivity fields, and determination of employee s expectations and opinions. The industrial entity which is engaged in manufacturing activities employs 400 persons. According to SPSS during processing the questionnaires. The questionnaire form was composed of two parts which are: The demographical structure of the employees was classified according to opinions and expectations of the employees about wage, motivation, social relations, training, and productivity. <br> <br> <b>Keywords:</b><br>Labor productivity, Motivation, Training Seminars</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C11"><br><span class="header1">INTELLIGENT ORGANIZATIONS IN DIGITAL AGE - CASE STUDY OF SMES IN POLAND</a></h3> <h3><span class="news" align="justified"><b><i>Piotr Adamczewski</b></i><br> <p><b>Abstract</b><br>Business in the 21st century is being redefined by a data-driven revolution. Small and medium enterprises (SMEs) play an essential role in the global economic growth. The share of the Polish SME sector in GNP has been at 48% for years now. This sector has been also among the most dynamically developing and computerizing areas in the Polish economy. ICT (Information and Communication Technology) systems create the foundation of modern economic organizations in the times of digital transformation. This applies in particular to advanced ICT infrastructure, which is the condition sine qua non for the effective knowledge management. The objective of this article is to discuss organizational and technological aspects within the modern knowledge management using ICT called SMAC (Social, Mobility, Analytics, Cloud), being at present the canon of ICT support in this respect. The analysis has been illustrated with findings of research carried out by the author in 2014-17 in selected SMEs from Mazowieckie and Wielkopolskie provinces. <br> <br> <b>Keywords:</b><br>ICT, intelligent organization, SMAC, knowledge management, SME<br><br></p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a></h3> <h3> <a id="C12"><br><span class="header1">SUMMARY FUNCTIONAL ANALYSIS AND EVALUATION OF UNIVERSITY INFORMATION SYSTEMS AT "TODOR KABLESHKOV" UNIVERSITY OF TRANSPORT</a></h3> <h3><span class="news" align="justified"><b><i>Dimitar Dimitrov<br>Nina Gergova</i></b><br> <p><b>Abstract</b><br>The development of the university information systems has as its main purpose the coverage of the processes for providing the educational and scientific process, the administrative, the economic and other activities related to the work of the university. The overall process involved in conducting the training of the students includes the maintenance of a database of students and lecturers, which reflects on all the events during their stay at the university. This includes their personal data. In the case with the students, this is data related to the events of credentials, assessments, etc., and for the lecturers, this is their workload in hours, committees, bachelor or master thesis defense, scientific reports, etc. Finally, there are additional commitments in business activities as well as technical maintenance of university buildings and facilities. In practice, it is very difficult and expensive to build and maintain only one single system that automates all processes. Generally, a basic information system is being developed, and many other parallel systems are integrated, which integrate and interact with each other. In this publication, a functional analysis and evaluation of the implemented and used university information systems are developed for ensuring the processes at  Todor Kableshkov University of Transport, Bulgaria. Classification of these information systems has been made depending on their functionality and purpose. The basic features and functional scope of the embedded information systems are also given. <br> <br> <b>Keywords:</b><br>information system, university, enterprise resource planning, learning, scientific, business activities, website</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C13"><br><span class="header1">IMPLEMENTATION OF COMPETITION LAW.<br>ECONOMIC CONCENTRATIONS - CASE STUDIES IN THE PRACTICE OF THE REPUBLIC OF MOLDOVA<a></h3> <h3><span class="news" align="justified"><b><i>Anatolie Caraganciu<br>Constana Tiuhtii</i><br> <p>Abstract:</b><br>Maintaining a normal competitive environment is the basis of competition policy. The process of identification, analysis and sanctioning of law breaches is very complex. During this process, there are identified the particularities of parties involved and the global situation of the relevant market. Impact factors for the analysis of infringement cases are the effects they produce on the competitive environment as well as on the final consumer. At the same time, the legislation provides for the anticipation of violations through rules for the coordination of actions that could raise the concerns of the competition authorities, before their implementation. Usually, the frequently encountered infringements of competition law regulations are those relating to mergers. This easy way to increase market power is seen as a method of developing competitiveness by companies. Moreover, achieve performance on market is the main objective of companies in business. In this context, often, the economic concentrations made by economical agents infringe the law due to the danger of their effects on the competitive environment, but also because they are not coordinated with the competition authorities before their implementation. The paper presents an analysis of the application of the provisions of the competition law particular to the economic concentrations, their analysis, as well as the impact of the effects of the economic concentrations on the facilitation or worsening of the sanctions. The case study presents real cases on the Moldovan market.<br><br> <b>Keywords</b>: merger, dominant position, remedies, merger effects, merger notification</h3> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a><br><br><br> <h3> <a id="C14"><br><span class="header1">PROSPECTS FOR BUSINESS CLUSTERS IN THE REPUBLIC OF BULGARIA</a></h3> <h3><span class="news" align="justified"><b><i>Antoaneta Kirova</i></b><br> <p><b>Abstract</b><br>The concept of business clusters dates to the emergence of industrial centers backed by trade during the late Renaissance and the early modern period. The modern economic map abounds with clusters, i.e. concentrated critical masses of geographically co-located companies, but clusters are not unique. They represent typical structures, maintaining the competitive advantages based on local conditions, traditions, and resources, aiming at raising these competitive advantages at a global level. Clusters are increasingly becoming an important feature of modern economies. The positioning of Bulgaria in the field of global technologies imposed and maintained by the leading economies implies an appropriate policy at a state level strongly dependent on innovations. On the other hand, innovations are linked with the potential for development of high-quality education in Bulgaria, based on knowledge, skills, and capacity for absorption and further development of new technologies, but coordination of innovation, education, and training policies with the needs of the labor market is required. From the economic and political point of view, business clusters can boost the economic development at the regional level in Bulgaria, due to the inclusion of the existing elements of the innovation infrastructure. On the other hand, the development and creation of new clusters is an important prerequisite for the establishment of sustainable links between education, training, and business, thus contributing to the implementation of standards for new competencies and professions. The location of vocational schools and relevant universities also predetermines the geographic positioning of clusters. <br> <br> <b>Keywords:</b><br>Business clusters, two approaches for economic development, new emerging industries, added value</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C15"><br><span class="header1">QUALITY MANAGEMENT IN POLAND S HEALTHCARE STRUCTURE</a></h3> <h3><span class="news" align="justified"><b><i>Marek Stych</i></b> <p> <b>Abstract</b><br>Providing medical services is a special activity in medicine as it occurs in a particular market  which the medical sector is  and possesses an exceptional goal, that being the preservation of human life. The specificity of this sector results from the fact that it compels correct and disciplined procedures since mistakes, or lack of competence by medical personnel are not allowed where rescuing human life is concerned. Legal regulation advances appropriate standards which should ensure proper service levels for the widest group of patients. In practice, these regulations help in identifying patient expectations and make possible efficient implementation of said standards. An example of such quality standards mechanisms is the ISO as developed by the International Organization for Standardization. Accreditation requirements are also developed by the Center for Monitoring Healthcare Quality (unofficial translation). The intention of the article is to define the meaning of healthcare quality and its management thereof from the perspective of current regulations and predominant trends in Poland smedical service market. Additionally, examined are the normalization of quality standards of Poland s healthcare and the directions of efforts by healthcare institutions. <br><br> <b>Keywords:</b><br>healthcare quality, medical service sector, quality management</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C16"><br><span class="header1">COMPARATIVE ANALYSIS OF DATA TRANSFER TECHNOLOGY BETWEEN SERVER AND CLIENT: AMF AND OBJECTS ON THE WEBSITE</a></h3> <h3><span class="news" align="justified"><b><i>Munir Sabanovic<br>Muzafer Saracevic<br>Kemal Dzemic</i></b><br> <p><b>Abstract</b> <br>This paper presents a comparative analysis of data formatting technology in AMF when transferring data between client and server in the author application and on http://www.baguetteamf.com/. Given is an authoring application that allows timing and analysis of the AMF objects transport, this technology. Included here are aspects of data speed rate, output file size, data transfer security, code complexity on the client s and the server s part. The time of data transition, packed in objects is divided onto the query preparation time (serializations), a connection establishing time, deserialization time on the server and a client side, and a query time in a database. By analyzing this time periods, it is established where the most of time is spent, from the moment of a data request to the moment of a data transportation. In a working application, the approximate time of a data loading is measured by fifty iterations for a certain number of objects, whereby the number of objects is selected in a combo box, within the work application. At the end of the process, the chart is displayed with a time of serialization, deserialization, as well as a connection establishing, with and without Baguette AMF addendum, on the AMF-PHP component, in the rage from 100 to 1000 subscribed objects on an authorized application, and for the objects on a specified website. <br><br><b>Keywords:</b><br>AMF, PHP, client-server communication, data transfer, objects on the website</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C17"><br><span class="header1">LOGISTICS FOR HUMANITARIAN AID</a></h3> <h3><span class="news" align="justified"><b><i>Marcin Paweska</i></b><br> <p><b>Abstract</b><br>The modern world, in addition to the developing modern civilization and democracy, is characterized by the constant threat and emergence of extraordinary events in various forms. These events have a negative impact on human safety and security across the world, but especially in developing countries, with a weak economy and democracy. This entails the need for humanitarian aid for people affected by extraordinary incidents, especially in countries where governments for various reasons are unable to provide all citizens with necessary help. In this article, the author explains the concepts of humanitarianism and humanitarian aid and presents its main goals and the basic principles of its conduct. This includes legislative framework as well as key principles of delivering humanitarian aid. It also characterizes the main humanitarian aid providers across the world including states, intergovernmental (transnational) organizations (IGOs), and non-governmental organizations (NGOs). Next, the article shows humanitarian aid providers specific to Poland. <br><br><b>Keywords:</b><br>security, threat, aid, humanitarianism</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C18"><br><span class="header1">MIGRATION PROCESS IN MODERN WORLD</a></h3> <h3><span class="news" align="justified"><b><i>Anastasiya Prigoda<br></i></b> <p><b>Abstract</b><br>Migration is the movement of people within a particular region, district, territory, often moving over long distances to other countries. Population size affects not only the natural reproduction but also the migration of the population. The share of migrants has increased several times, which significantly affects the economy, social development and political orientation of the developed countries of Europe, North America, Australia, the Russian Federation and China. In recent years, tolerant policy in the United States in respect of refugees from Syria, Libya, Iran, and Yemen have changed dramatically to the opposite. Under the ban on temporary entry were the holders of green cards, which give the right to legal residence and work in the United States. The monetary burden rests on the shoulders of taxpayers, citizens of the European countries, Asia, the USA, due to tax increases, increasing dissatisfaction with the working-age population, which leads to adverse consequences for the ruling leadership of developed countries. Over 46% of the immigrants from Russia have higher education, are highly qualified employees, experts who are unable to find decent-paying work in the territory of the Russian Federation. The humane attitude of the international community must, as rational, informed decisions, which appear in the decrees, laws, regulations and accepted norms. <br><br><b>Keywords:</b><br>Migration, human rights, law, refugees, world community, United Nations, CIS</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C19"><br><span class="header1">THE DATA ANALYSIS APPROACH IN IT-SUPPORT OF INCLUSIVE EDUCATION</a></h3> <h3><span class="news" align="justified"><b><i>Volodymyr Pasichnyk<br>Tetiana Shestakevych</i></b><br> <p><b>Abstract</b><br>The paper considers the features of the modern understanding of education as a learner-centered process. The individualization of the learning takes into account the psycho-physical development of the person, its abilities, and special educational requirements in order to ensure favorable conditions for the full development of the personality. The features of the use of information and communication tools to support inclusive education as a form of learner-centered learning were analyzed. The main requirements for recommender systems of information technology support of learner-centered education were outlined, and the main participants in this process were identified. The recommender system of learner-centered inclusive education gives the opportunity to facilitate the work of participants in this process and make improvements in such a process. The application of information technologies to support learner-centered inclusive education gives the opportunity to accumulate large amounts of data. The use of the multivariate analysis technology for the data processing will allow the most effective planning of educational strategies for persons with special needs. <br><br><b>Keywords:</b><br>education systems, inclusive education, individual learning trajectory, big data, multivariate data analysis</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C20"><br><span class="header1">THE FEASIBILITY AND BENEFITS OF GPS TELEMETRY MONITORING SYSTEM IN MINING</a></h3> <h3><span class="news" align="justified"><b><i>Adis Rahmanovic<br>Muzafer Saracevic</b></i><br> <p><b>Abstract</b><br>The aim of this article is to demonstrate the benefits and justification of the use of GPS systems as a function of telemetry monitoring and control of production in the mining industry. The advantages of using GPS systems and information technology to manage the production in mining compared to the traditional way of managing in details are presented in this article. The analysis of the benefits and the feasibility were performed on the implemented case study with already applied GPS system in  RMU Banovici . Monitoring by GPS tracking systems is finding ways to reduce operational costs and the identification of possible bottlenecks in the production process to slow down or prevent the growth of production and business. In addition to the revenue side of the increase in output per unit of work, we have reduced costs. Thereby GPS system in the market economy in the function of obtaining lower prices of coal as a product becomes not only justified but necessary. Analyzing the results so far of the application, after the introduction of a system for telemetric monitoring and management part of the technological process, to be noted that the time of operation of the main machinery increased significantly. We realize the benefits this system which offers the implementation for monitoring, and primarily this system raised awareness of employees that has a constant supervision of their work. <br><br><b>Keywords:</b><br>GPS telemetry system, monitoring in mining, network technology, techno-economic analysis, software for controlling</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C21"><br><span class="header1">E-COMMERCE PRACTICE EXPLORATION AND TEACHING REFORM BASED ON THE LOGISTICS MANAGEMENT MAJOR</a></h3> <h3><span class="news" align="justified"><b><i>Wangbo</b></i><br> <p><b>Abstract</b><br>This paper takes the e-commerce course of logistics management specialty of the Ningbo University of Technology as an example to analyze the current situation and existing problems of E-business practice teaching in application-oriented colleges in China. At the same time, according to the logistics management professional goals and curriculum objectives, based on the school logistics management professional future employment direction and skills requirements, the reform issues of practice teaching of e-commerce course in the logistics management of the Applied University of Technology have been explored.</p> <br><br><b>Keywords:</b><br>logistics, management, e-commerce, practice, teaching, applied undergraduate studies.</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C22"><br><span class="header1">CONSEQUENCE OF THE FLASH FLOOD IN THE MALA FATRA MOUNTAINS</a></h3> <h3><span class="news" align="justified">Ladislav Novak<br>Lubos Mahdon<br>Jana Lopusanova<br> <p><b>Abstract</b><br>In 2014 a massive landslide due to extreme rainfall in the Mala Fatra mountains occurred. It caused also consequential damages that indicate typical symptoms of "domino effect" due to extreme weather event. A torrential downpour resulted in flooding that caused an avalanche of rocks, mud, wood and other material which buried parts of Vrtna Dolina and engulfed a lift station to Snilovsk Sedlo. Dozens of cars were destroyed as was a road leading from Terchov village to Vrtna Dolina. Vrtna Cottage, road infrastructure and a part of Terchov village were damaged as well. About 200 people present at the area of the natural disaster managed to shelter in nearby buildings and nobody was hurt or killed. Vrtna Dolina resort has a lot to clean up after the disaster. Flood cleanup bill is estimated at tens of millions Euros. Unfortunately, more landslides could follow in the future. The clean-up operations were realized by the integrated rescue system bodies, civil protection, fire and rescue services, municipalities, local governments and other organizations. <br><br><b>Keywords:</b><br>landslide, flash flood, emergency situation, crisis management </p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C23"><br><span class="header1">STATE REGULATION AS A FACTOR OF SUSTAINABLE ECONOMIC DEVELOPMENT</a></h3> <h3><span class="news" align="justified">Kseniia Bondarevska<br> <p><b>Abstract</b><br>The special attention of the state should be attached to agricultural sector of economy because it performs important functions such as supply of food security of the country, assistance in employment of rural population, formation of export potential. The necessity of state intervention in the processes of functioning of this branch is predetermined by its features, among them the climatic effects and seasonality of production. That is why the strategic task of agrarian policy of the state is to form the effective competitive agricultural production, which is able to provide the food security of the country and the increase of export of some types of products. Implementation of such tasks is impossible without strengthening of role of the state backing of this important industry. <br>The importance of state regulation in agriculture are considered, as well as the current conditions of activities of the agricultural enterprises on the basis of the growth of globalization trends are reflected in the article. The main components of state regulation, such as subjects, objects and functions of management at the national, regional and local levels; goals, objectives; methods and instruments of state regulation are determined. The barriers for the development of the agricultural sector in Ukraine are identified, and the necessity of adaptation of agricultural activity to international standards is grounded. The key directions for improvement of regulation mechanism in agricultural sector that will promote to the sustainable economic development of the national economy are offered. <br><br><b>Keywords:</b><br>state regulation, innovations, budgetary-tax regulation, financial support, price policy, sustainable development</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C24"><br><span class="header1">INFLUENCE OF THE WORLD TRIAD COUNTRIES MANAGEMENT ON THE DISPROPORTIONAL DEVELOPMENT OF GLOBAL ECONOMY</a></h3> <h3><span class="news" align="justified">Anatolii Vdovichen<br> <p><b>Abstract</b><br>Article deals with the analysis of the influence of the countries of world triad on the processes of globalization, the reasons for the balance of the proportion "investment fund - accumulation fund  consumption fund" violation are studied; the imbalance of the world development and especially the uneven development of the Center and the Periphery is investigated; economic development in general and economic life of separate countries and regions modification is analyzed; the reasons of disproportions of global social and economic development are discovered; the prognostication of the development of Euro Atlantic (American), European and Asian globalism is made. Author defines several approaches concerning the reform and restructuring of the world global economic environment. Among them there are two the most dominant. The first is based on the construction of center-periphery model, which involves the federal development of a world. The second is based on liberalizing trends in monetary and financial sphere. Author indicates that formation of a complex model of regulation will become one of the main tasks of the international community (the international society) in the XXI century. <br><br><b>Keywords:</b><br>World triad, global economy, disproportional development, globalization, economic development</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C25"><br><span class="header1">STRATEGY ANALYSIS AND CHOICE</a></h3> <h3><span class="news" align="justified">Branislav Djordjevic<br> <p><b>Abstract</b><br>Strategy analysis and choice seek to determine alternative courses of action that could best enable the firm to achieve its mission and objectives. They involve subjective decisions making based on the objective information. This article focuses on generating and evaluating alternative strategies, as well as selecting strategies to pursue. It introduces concepts that can help strategists generate feasible alternatives, evaluate those alternatives, and choose a specific course of action. Behavioral aspects of strategy formulation are described, including politics, culture, ethics, and social responsibility considerations. Modern tools for formulating strategies are described, and appropriate role of a board of directors is discussed. Special attention is paid to the process of generating and selecting strategies including a comprehensive strategy-formulation framework, as well as the cultural aspect and the politics of strategy choice. <br><br><b>Keywords:</b><br>strategy, analysis, mission, cultural aspects, politics of strategy choice, governance</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C26"><br><span class="header1">STRATEGY ANALYSIS AND CHOICE</a></h3> <h3><span class="news" align="justified">Branislav Djordjevic<br> <p><b>Abstract</b><br>Strategy analysis and choice seek to determine alternative courses of action that could best enable the firm to achieve its mission and objectives. They involve subjective decisions making based on the objective information. This article focuses on generating and evaluating alternative strategies, as well as selecting strategies to pursue. It introduces concepts that can help strategists generate feasible alternatives, evaluate those alternatives, and choose a specific course of action. Behavioral aspects of strategy formulation are described, including politics, culture, ethics, and social responsibility considerations. Modern tools for formulating strategies are described, and appropriate role of a board of directors is discussed. Special attention is paid to the process of generating and selecting strategies including a comprehensive strategy-formulation framework, as well as the cultural aspect and the politics of strategy choice. <br><br><b>Keywords:</b><br>strategy, analysis, mission, cultural aspects, politics of strategy choice, governance</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C26"><br><span class="header1">STRATEGY ANALYSIS AND CHOICE</a></h3> <h3><span class="news" align="justified">Branislav Djordjevic<br> <p><b>Abstract</b><br>Strategy analysis and choice seek to determine alternative courses of action that could best enable the firm to achieve its mission and objectives. They involve subjective decisions making based on the objective information. This article focuses on generating and evaluating alternative strategies, as well as selecting strategies to pursue. It introduces concepts that can help strategists generate feasible alternatives, evaluate those alternatives, and choose a specific course of action. Behavioral aspects of strategy formulation are described, including politics, culture, ethics, and social responsibility considerations. Modern tools for formulating strategies are described, and appropriate role of a board of directors is discussed. Special attention is paid to the process of generating and selecting strategies including a comprehensive strategy-formulation framework, as well as the cultural aspect and the politics of strategy choice. <br><br><b>Keywords:</b><br>strategy, analysis, mission, cultural aspects, politics of strategy choice, governance</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C27"><br><span class="header1">EUROPEAN MARKETING - CONCEPT FOR EFFICIENT EXCHANGE OF THE SINGLE MARKET OF THE EUROPEAN UNION</a></h3> <h3><span class="news" align="justified">Viera ihovsk<br> <p><b>Abstract</b><br>The scale of economic and political integration of the European Union is unprecedented within the whole history of mankind and in many areas it exceeded the level of cooperation between territorial communities and some free federations. European Union gives the current configuration of European countries, modern and sustained nature. By the emergence and gradual enlargement of the EU is formed the common market, which forms a strong economic area without internal frontiers with the free movement of goods, persons, services and capital. Currently market represents 40% of world trade and it is the largest internal market with fixed terms applied to all EU countries. It is alliance of 27 states, with their own traditions, manners, languages, culture and religion, into a multinational unit where the country differences intersected. Common market requires a specific marketing approach and the concept must take into account changeable market conditions, depending on country where we do business. <br>In present time European Union includes many different countries, which are difference in economy development, size, cultural, tongues, religion, habits and history. The main aim of EU is to make up economy and currency union, which is development, competitive ability and could be successful in the global economy. The important task of the integration is to support competitive ability of all member countries and its companies and creating the common market, where can be European marketing helpful in this case. <br><br><b>Keywords:</b><br>European Union, European marketing, marketing conception, global marketing, intercultural marketing, segmentation, convergence, divergence</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C28"><br><span class="header1">CERTAIN ASPECTS OF THE CAPITAL AND LIQUIDITY OF BANKS IN BOSNIA AND HERZEGOVINA</a></h3> <h3><span class="news" align="justified">Radomir `ali<br> <p><b>Abstract</b><br>The latest standards in banking, as proposed by way of the regulations of the Third Basel Accord, aim to support banks in their tendency to absorb the shock waves produced by financial and economic stresses, no matter what their point of origin is. This document s standards require banks to increase their capital, improve its structure, and thus improve the liquidity risk coverage. Regulators all over the world the world tend to impose and accelerate the implementation of these common regulations. However, many countries have not even started the process. This group of countries includes the banking system of Bosnia and Herzegovina, which has done very little to implement the process, as seen from the level of its banks capital and the model of establishing liquidity. The reason for such a state of affairs lies primarily with the regulators in Bosnia and Herzegovina, who have neither drawn up such regulations nor adopted them. An examination of the official data from commercial banks has shown that the banking system of Bosnia and Herzegovina can and should meet the suggested standards, despite the fact that the new model of establishing banks liquidity is broader and more encompassing than the present one devised by the Banking Agency, because it takes into consideration more balance positions, both within a bank s assets and liabilities, but also includes all the significant off-balance positions of a bank, which have not been previously included. Our final conclusion is that the banks in Bosnia and Herzegovina should adopt and implement the standards of The Second Basel Accord, and then proceed towards the application of the more advanced standards contained in the Third Basel Accord. This means that the banks in Bosnia and Herzegovina should first increase their capital, which will enable them to increase the deposits, and the increased deposits will, in turn, enable the required level of liquidity. <br><br><b>Keywords:</b><br>capital, liquidity coverage ratio, risk, Bosnia and Herzegovina</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C29"><br><span class="header1">THE EUROPEAN UNION: THE BUILDING OF A NATION</a></h3> <h3><span class="news" align="justified"><b><i>David Ramiro Troitino</b></i><br> <p><b>Abstract</b><br>The European Union is an organization in a constant evolution with periods of stagnation. It has recently achieved high levels of integration that logically will be followed with a greater political integration. The Union will need a higher identification of the citizens in terms of participation in the democratic process and in terms of loyalty to the still to build the political structure. This research focuses on the actions undertaken in order to create a new level of identity, a European nation, by the actors involved in the European building process. It identifies the actions in two different kinds, the direct actions focus on this achievement and the indirect actions increasing the feeling of cultural communality in Europe. The direct actions follow the pattern already created by the European states creating their own nations, as establishing common symbols, convergence in the educational field, a common currency or a free movement area. The indirect actions normally do not have the involvement of the EU institutions, but also influence the process, as a sport, especially a football, Eurovision or the Council of Europe. The research proves an active policy integrating the Europeans but also points out problems and solutions for the success fulfillment of the process. <br><br><b>Keywords:</b><br>The European Union, European Nation, European politics, European democracy, European integration</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> <h3> <a id="C30"><br><span class="header1">EFFECTS OF MIGRATION ON THE EUROPEAN ECONOMY</a></h3> <h3><span class="news" align="justified"><b><i>Kristian Ujvary</i></b><br> <p><b>Abstract</b><br>The author of the article deals with the reasons of the existence of obstacles preventing the successful integration of migrants in the democratic societies of the EU member states. The article examines the various aspects of migration in relation to their benefits for the society mainly in economic, but also social terms. The bases for the study are the statistical data published by international organizations actively involved in the migration crisis in Europe, such as: UNHCR, FRONTEX, IOM, etc. The author evaluates the measures taken by political leaders of the European Union and draws conclusions and assessments based on them. His aim is to outline the possible solutions in order to spend the expenditures of the EU in the most proper way. <br><br><b>Keywords:</b><br>European Union, European Commission Asylum System, Migration Crisis, Economic Data, EU Member States, Social System</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <h3> <a id="C31"><br><span class="header1">RHETORICAL ASPECTS OF ECONOMIC ANALYSIS</a></h3> <h3><span class="news" align="justified"><b><i>Vasko Vassilev</i></b> <p> <b>Abstract</b><br>With the growth of knowledge, the theory is becoming more complicated, which reduces the opportunities for their rational and accessible presentation. Research of the phenomena in the development, it engaged a large number of scientists. There are different positions about nature, principles, and approaches on the rhetoric of economic analysis. But what is the result of its rapid development? - The answer is not unequivocal. Disclosed are the majority of the patterns on the economy. This, unfortunately, does not create sufficient conditions for conflict-free and sustainable development. There are many reasons, but one of them undoubtedly lies in the shortcomings of public speaking at the presentation of economic analysis. The practical implementation of the conclusions of the economic analysis is based on the subjective choice that can be manipulated. This means that not only adjusting the subjective choice, but also the behavior to achieve certain objectives is the purpose of speaking.<br><br> <b>Keywords:</b><br>Economics analysis, rhetoric, manipulation, argumentation impact development</p> <h2><a href="#C1"><span class="crveno" align="right">Click here to return to the top of the page</a> <br><br><br> --> <td width=10 align=left valign="top"> <td width=200 align="middle" valign="top"><br><br><br> <a href="http://mest.meste.org/"> <img src="http://www.mest.meste.org/MEST_1_2018/K1.png" width="180" vspace=0 hspace=0%></a> <h3> <span class="notlogged" align="justified"> MESTE NGO and MEST Journal strongly support teamwork and encourage international scientific cooperation.<br></h3> <h3> <span class="notlogged" align="justified"> That is why we are especially willing to publish works of groups of authors from two or more different countries. </h3><br> </span> <td width=200 align="middle" valign="top"> <br><br><br><br><br><br><br><br><br><br> <h4><span class="header4">To visit the newest issue of the MEST Journal click on the picture</span></h4> <a href="http://mest.meste.org/"><img src="http://mest.meste.org/MEST_1_2018/KZ.png" width="180" vspace=0 hspace=0 ></a> </table> <br><br> <table> <FORM> <INPUT TYPE="BUTTON" VALUE="Home" ONCLICK="window.location.href='index.html'"> <INPUT TYPE="BUTTON" VALUE="Main menu" ONCLICK="window.location.href='Main_menu.html'"> <INPUT TYPE="BUTTON" VALUE="Journal overview" ONCLICK="window.location.href='Journal_overview.html'"> <INPUT TYPE="BUTTON" VALUE="Submit a manuscript" ONCLICK="window.location.href='Submit_a_manuscript.html'"> <INPUT TYPE="BUTTON" VALUE="Instruction for authors" ONCLICK="window.location.href='Instructions_for_authors.html'"> <INPUT TYPE="BUTTON" VALUE="Update my information" ONCLICK="window.location.href='Update_my_information.html'"> <INPUT TYPE="BUTTON" VALUE="Contact us" ONCLICK="window.location.href='Contact_us.html'"> <INPUT TYPE="BUTTON" VALUE="Logout" ONCLICK="window.location.href='index.html'"> <INPUT TYPE="BUTTON" VALUE="In the next issue" ONCLICK="window.location.href='MEST_Najava_clanaka.html'"> </FORM> </table> </body> </html>