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16TH INTERNATIONAL SYMPOSIUM ON CORPORATE MANAGEMENT Cover Image
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16. MEĐUNARODNI SIMPOZIJUM O KORPORATIVNOM UPRAVLJANJU
16TH INTERNATIONAL SYMPOSIUM ON CORPORATE MANAGEMENT

Contributor(s): Dragan Mikerević (Editor)
Subject(s): Economy, National Economy, Supranational / Global Economy, Business Economy / Management, Micro-Economics, Energy and Environmental Studies, Financial Markets, Accounting - Business Administration, Marketing / Advertising, Tourism, ICT Information and Communications Technologies, Business Ethics, Socio-Economic Research
Published by: Finrar d.o.o Banja Luka
Keywords: green transition; green finance; sustainable development; climate change;

  • Print-ISBN-13: 978-99955-83-30-9
  • Page Count: 496
  • Publication Year: 2022
  • Language: Serbian
NOVA EKONOMIJA POSLE KRIZE U SISTEMU KRIZA 2008–

NOVA EKONOMIJA POSLE KRIZE U SISTEMU KRIZA 2008–
(NEW ECONOMY AFTER A CRISIS IN THE SYSTEM OF CRISES 2008–)

  • Author(s):Dragan Đuričin
  • Language:Serbian
  • Subject(s):Economy, National Economy, Socio-Economic Research
  • Page Range:7-23
  • No. of Pages:17
  • Keywords:Serbia’s economy; complex crisis; economics paradigm; circular economy; heterodox economic policy platform; automatic macroeconomic stabilizers; financing of green transition;
  • Summary/Abstract:We are living in bewildering times full of contradictions and conflicting signals. The new normal that started in 2008 and still continues (or the crisis 2008-) is a complex crisis, a crisis in the system of crises. In such a context, economic crisis is just one of many crises. To prevent regression, an immediate transition toward a new economic order is needed. The effects of this transition far outweigh the cost of inaction. We must finally leave behind market fundamentalism and the so-called “Washington Consensus” because the sustainability of economy and nature is threatened. Namely, the world is at war with (human) nature. The current paradigm, both in macroeconomics and microeconomics, cannot solve the structural imbalances that are caused by following its own nexus of rules. A new approach in economics, promoting “doing good” (environmentally, ethically and socially) is actually complementary, rather than in contradiction, with “doing well” (strictly economically). No company is a hermetically sealed system. Each company affects and is affected by its environment. So, the great reset requires a double paradigm change. The paradigm change in macroeconomics calls for the replacement of gross domestic product maximization as the ultimate goal of every national economy with sustainable development goals (SDGs) and the introduction of the “visible hand” of the state, as a new coordination mechanism, along with the “invisible hand” of the market. Extending the performance measurement system from financial profit to the measures that respect the limits of nature, or environmental, social and governance (ESG) performance measures, is related to the paradigm change in microeconomics. In a changing context, financing of the so-called “green transition” is essential. It is a lever enabling the transition of the economic system from the new normal to a better normal through new industrialization. To achieve growth in the SDG framework, it is necessary to endogenize externalities and make sure that the system of national accounting is adjusted to reflect all relevant economic benefits and costs of investments. To make the economy more sustainable and the planet a better place to live in, the paradigm in economics must change. Economic sustainability means mitigating structural imbalances from the past, governing the new economic system toward SDGs and measuring success in line with ESG concerns. The current stage in economic development and macroeconomic specifics determine the scope and dynamics of transformation programs. In our paper we illustrate this by using Serbia’s specifics.
  • Price: 5.00 €
„BERMUDSKI TROUGAO“ KOMPANIJSKOG, STEČAJNOG I PRAVA PREUZIMANJA AKCIONARSKIH DRUŠTAVA (TRI SUBJEKTA ZAŠTITE: KOMPANIJA, POVERILAC I AKCIONAR)

„BERMUDSKI TROUGAO“ KOMPANIJSKOG, STEČAJNOG I PRAVA PREUZIMANJA AKCIONARSKIH DRUŠTAVA (TRI SUBJEKTA ZAŠTITE: KOMPANIJA, POVERILAC I AKCIONAR)
(“THE BERMUDA TRIANGLE“ OF COMPANY, BANKRUPTCY AND LAW ON TAKEOVER OF JOINT STOCK COMPANIES (THREE SUBJECTS OF PROTECTION: COMPANY, CREDITOR AND SHAREHOLDER))

  • Author(s):Mirko Vasiljević
  • Language:Serbian
  • Subject(s):Economy, Law on Economics
  • Page Range:25-45
  • No. of Pages:21
  • Keywords:Management duty; Interest of a company; Creditor’s interest; Shareholder’s interest; Company law; Bankruptcy law; Takeover law;
  • Summary/Abstract:Company, bankruptcy and the law on takeover of joint stock companies, by regulating the duties (obligations – debtor of the obligation) of members of the management of the public joint stock company (first of all), do not have the same approach in determining the subject of protection to which there is a presribed duty (creditor of the prescribed obligation). On the other hand, the regulation of this issue is not uniform in the relevant comparative laws of these branches of law, both at the level of legal (“hard“) law as well as at the level of autonomous (“soft“) law. In this paper, the author seeks, first of all, to determine the dominant position of comparative regulations regarding the determination of the subject of law (the subject of protection) of the prescribed duty of the management of a company, as well as the reasons for such determination. The author takes the position, based on the appropriate argumentation, that in the company law the subject of protection is a joint stock company (company as a legal entity), in the bankruptcy law it is an unsecured creditor while in the takeover law it is a shareholder. Since there is no unique position on these issues in legal theory, legislation and jurisprudence, the author refers to this situation as a kind of “Bermuda triangle“.
  • Price: 5.00 €
TRANZICIJA KA IZVORIMA ENERGIJE SA NISKOM EMISIJOM CO2

TRANZICIJA KA IZVORIMA ENERGIJE SA NISKOM EMISIJOM CO2
(LOW-CARBON ENERGY TRANSITION)

  • Author(s):Polona DOMADENIK, Dušan Mramor, Klara Bohnec, Irma Duraković, Anja Mlinar
  • Language:Serbian
  • Subject(s):Economy, Energy and Environmental Studies
  • Page Range:47-68
  • No. of Pages:22
  • Keywords:greenhouse gases; renewable energy sources; energy transition;
  • Summary/Abstract:The high level of greenhouse gas pollution caused by fossil fuels is the main culprit for rising average global temperature and sea level, and overexploitation of Earth’s limited resources. Therefore, energy transition has become a global need and a global process due to the urgent need to stop the high pollution of greenhouse gases generated by the use of fossil fuels. Predictions say that the transition to clean source of fusion energy will not happen before the end of this century, by which time it is necessary to use renewable sources such as hydropower, wind, solar energy, biomass and geothermal energy as well as nuclear energy sources. The paper analyzes short-term and long-term challenges of energy transition as well as potential scenarios for decarbonization of the energy sector, taking into account technological, environmental and economic perspectives. Studies show that the transition to a cleaner energy supply is often not limited by technological feasibility or economic sustainability, but by political issues that slow down the transition to sustainable energy. Given that the potential for renewable energy is heterogeneously distributed within countries, this requires transnational energy policies. The mentioned transition process offers interesting business opportunities to energy companies that are developing new infrastructure for the use, storage and transmission of renewable energy.
  • Price: 5.00 €
ZELENI POREZI – EVROPSKA ISKUSTVA I PRAKSA U SRBIJI

ZELENI POREZI – EVROPSKA ISKUSTVA I PRAKSA U SRBIJI
(GREEN TAXES – EUROPEAN EXPERIENCES AND PRACTICE IN SERBIA)

  • Author(s):Gordana Ilić-Popov, Dejan Popović
  • Language:English, Serbian
  • Subject(s):Economy, Energy and Environmental Studies, EU-Legislation
  • Page Range:69-81
  • No. of Pages:13
  • Keywords:environmental policy; ecological taxes; European Union; green economy; green taxes;
  • Summary/Abstract:“Green economy” has become one of the priority issues in policy and public debates in recent years due to global economic crises and growing awareness on humanity’s negative impact on the environment. The economic growth which is based on ever-increasing consumption of finite resources and emission of pollutants cannot be sustained in existing ecosystems. Environmental taxes play an important role in a “green economy”, internalizing the external costs imposed to the third parties due to harmful polluters’ activities. The authors point to four basic groups of the environmental taxes in the European Union (energy taxes, transportation taxes, pollution taxes and taxes on natural resources). Progress in achieving the goals of improving the quality of the environment by using the green taxes can be reported through the share of these taxes in the gross domestic product of the European Union. Authors present two main environmental charges existing in Serbia, which are expected to better accomplish eco goals in the years to come.
  • Price: 5.00 €
INSTITUCIONALNI RAZVOJ KAO USLOV EKONOMSKOG RAZVOJA ZAPADNOG BALKANA

INSTITUCIONALNI RAZVOJ KAO USLOV EKONOMSKOG RAZVOJA ZAPADNOG BALKANA
(INSTITUTIONAL DEVELOPMENT AS A CONDITION FOR ECONOMIC DEVELOPMENT OF THE WESTERN BALKANS)

  • Author(s):Dejan Šoškić
  • Language:Serbian
  • Subject(s):Economy, Economic development, Socio-Economic Research
  • Page Range:83-96
  • No. of Pages:14
  • Keywords:Western Balkans; institutional development; economic policy; regional economic growth;
  • Summary/Abstract:The economies of the Western Balkans have gone through two phases of development in the last two decades. In the first phase, before the global economic crisis, growth was mainly based on the inflow of capital from abroad and the growth of consumption. Trade and current account deficits were maintained at a relatively high level, and economic growth gravitated to the so-called non-tradable part of gross domestic product. Moderate economic development prevailed. Institutional and structural reforms, unfortunately, were largely left without sufficient depth in that period. After the financial crisis, the reform processes in some countries have mostly slowed down, and institutional reforms have in some places not only stopped but also retreated. The fundamental problems of the Western Balkan economies have become fully visible: human capital (quality of education and labor force) and institutional weaknesses maintain low productivity and competitiveness of economies. Therefore, it is not surprising that relatively low rates of economic growth are maintained and that there is no convergence with the countries of Central and Eastern Europe, as well as with the surrounding countries that are members of the EU. The stalemate in institutional reforms and EU integration of the Region does not enable the acceleration of economic growth in the Western Balkans. This paper aims to point out the importance of institutional reforms and the development of economic institutions as necessary preconditions for accelerating EU integration and the overall economic development of the Western Balkans.
  • Price: 5.00 €
ZELENI DOGOVOR U USLOVIMA KRIZE POVJERENJA

ZELENI DOGOVOR U USLOVIMA KRIZE POVJERENJA
(GREEN AGREEMENT IN THE CONDITIONS OF THE TRUST CRISIS)

  • Author(s):Dragan Mikerević, Đoko Malešević, Željana M. Jovičić
  • Language:Serbian
  • Subject(s):Economy, Energy and Environmental Studies
  • Page Range:97-115
  • No. of Pages:19
  • Keywords:Green transition; Green agreement; climate change; crises; trust crises; fossil fuels; energy transition; decarbonisation;
  • Summary/Abstract:Global climate changes are major threat to business, which will inevitably affect the transformation of the existing economy. In addition to the negative effects, new business opportunities will open up, which will bring certain positive perspectives. The extent to which climate change will affect the economy will depend on the commitment and action taken by individual countries. Those countries that realize the need to adapt earlier and start making changes will have an advantage over those that do not recognize in time that a new era is coming that requires a serious reset of our strategies, policies and plans. Although our previous experiences in the field of protection of the planet Earth are poor, it seems that in the new conditions, with frequent crises of different nature, new requirements in business will serve as a possible instrument of protectionist approach to certain markets.
  • Price: 5.00 €
MODEL NEURONSKE MREŽE POVEZANOSTI FINANCIRANJA ZELENE EKONOMIJE I EKONOMSKOG RASTA

MODEL NEURONSKE MREŽE POVEZANOSTI FINANCIRANJA ZELENE EKONOMIJE I EKONOMSKOG RASTA
(NEURAL NETWORK MODEL OF THE CONNECTION BETWEEN FINANCING THE GREEN ECONOMY AND ECONOMIC GROWTH)

  • Author(s):Marko Markić, Brano Markić
  • Language:Serbian
  • Subject(s):Energy and Environmental Studies, Economic development, Socio-Economic Research
  • Page Range:117-131
  • No. of Pages:15
  • Keywords:green economy financing; sustainable development; multilayer neural network; R language;
  • Summary/Abstract:Green economy, sustainable development and economic growth are a research thread that attracts the scientific community, institutes, research centers, but also the creators of national economic policy. Their goal is to find the necessary balance between ecology and economic development, while developing is preserving the natural environment. Therefore, it requires to find a fiscal model that balances economic development and protection of the natural human environment. Approaches to explaining the connection between finance and the green economy are different. They can be classified in two directions. The first direction claims that financing the green economy is a direction that has a negative impact on economic development, and the second that financing the green economy promotes economic growth. The aim of this paper is to investigate the connection between financing the green economy and economic growth using a multilayer neural network. It is hypothesized that it is possible to build a neural network model that allows forecasting economic growth by increasing funding for the green economy from public sources. At the input layer of the neural network are data on exports of products and services, gross investment, inflation, total public sector investment in the green economy and sustainable development. At the output layer of the neural network is the gross domestic product per capita of the observed countries. The neural network model is extensible with new variables at the input layer such as personal consumption and imports. The neural network was developed using R language software packages.
  • Price: 5.00 €
KVALITET POSLA I MOBILNOST TRŽIŠTA RADA U SLOVENIJI

KVALITET POSLA I MOBILNOST TRŽIŠTA RADA U SLOVENIJI
(JOB QUALITY AND LABOUR MARKET MOBILITY IN SLOVENIA)

  • Author(s):Tjaša Redek, Pavle Boškoski, Marko Pahor, Polona DOMADENIK
  • Language:Serbian
  • Subject(s):Economy, Labor relations
  • Page Range:133-145
  • No. of Pages:13
  • Keywords:labor market; job mobility; wages; employment contracts;
  • Summary/Abstract:Labor markets in the last two decades have undergone significant changes and transformations caused by economic cycles, demographic changes, technological trends as well as changes in individuals' preferences regarding work-life balance and job quality. In addition to the importance of employment opportunities, the importance of creating better jobs is increasingly being mentioned. One of the determinants of an individual's well-being is the quality of one’s job. Job quality is a complex, multi-faceted, and to some extent, also an intangible concept. This paper investigates what the characteristics of occupational and job mobility in Slovenia are and whether the mobility increased job quality, if measured by tangible factors, primarily wages and employment type. The empirical analysis relies on the data from the Statistical Register of Active Population in Slovenia. Generally speaking, mobility across occupations, improving education level and changing jobs, contract types or employers should generally help the individual improve his or her labor market position. The preliminary results suggest that there is moderate mobility in the labor market, being higher among the young, among men, and also among specific levels of education. However, a change or mobility did not always have positive effects. A shift to a permanent job contract and an increase in the education level helped improve individuals’ well-being, especially in terms of wages. A change in occupation or field of education did not necessarily have the same effects.
  • Price: 5.00 €
TEORIJSKI KONCEPT „ZELENE EKONOMIJE” KAO UZORNI MODEL

TEORIJSKI KONCEPT „ZELENE EKONOMIJE” KAO UZORNI MODEL
(THEORETICAL CONCEPT OF “GREEN ECONOMY” AS AN EXAMPLE MODEL)

  • Author(s):Anđelko Lojpur, Milica Delibašić
  • Language:Serbian
  • Subject(s):Economy
  • Page Range:147-162
  • No. of Pages:16
  • Keywords:green economy; green growth; sustainable development; natural resources; natural environment;
  • Summary/Abstract:The subject of research in this article is a theoretically exemplary model, which can serve as a conceptual framework for practical application and underdeveloped countries. The aim of the research is to explain how to generate economic activity that preserves and enhances environmental quality while using natural resources more efficiently. The purpose of this article is to provide a comprehensive definition and concept of the green economy and show how different definitions and policy approaches are likely to meet economic development goals. It starts from the hypothesis that the imperative of development implies efficient and sustainable connection of three elements: natural environment, economy and justice. The usual methodology of social and economic sciences (description, abstraction, induction, deduction), as well as tabular and graphical modeling of various theoretical approaches were used. In the conclusion, the verification of the initial hypothesis and the need for various theoretical approaches and best practices are stated.
  • Price: 5.00 €
ULOGA DIGITALNE TRANSFORMACIJE U ZELENOJ EKONOMIJI

ULOGA DIGITALNE TRANSFORMACIJE U ZELENOJ EKONOMIJI
(THE ROLE OF DIGITAL TRANSFORMATION IN THE GREEN ECONOMY)

  • Author(s):Branko Krsmanović, Zvjezdana Krstić
  • Language:Serbian
  • Subject(s):Economy, Energy and Environmental Studies, ICT Information and Communications Technologies
  • Page Range:163-175
  • No. of Pages:14
  • Keywords:digital transformation; green economy; sustainable development;
  • Summary/Abstract:Sustainable development enables countries to grow and develop while providing a better quality of life for citizens, which primarily means a healthy environment and avoiding climate change that would harm the health of present and future generations. Sustainability is a long-term goal of every socially responsible country, while the green economy seeks to pave the way for that goal. The concept of the green economy has evolved, and the green digital transition has become a primary challenge that requires the active participation of citizens. The importance of digital transformation in the green economy was recognized by 26 member states of the European Union, as well as Norway and Iceland. The main task of these countries is to achieve climate neutrality and accelerate the green and digital transition. The paper analyzes the importance of modern information and communication technologies as a carrier of the process of digital transformation in the green economy, and whose implementation contributes to achieving the goals of sustainable development.
  • Price: 5.00 €
NAJNOVIJE TEHNOLOGIJE KOJE MIJENJAJU BUDUĆNOST

NAJNOVIJE TEHNOLOGIJE KOJE MIJENJAJU BUDUĆNOST
(CUTTING EDGE TECHNOLOGIES – GAME CHANGERS OF THE FUTURE)

  • Author(s):Dušan Mramor, Tjaša Redek, Lucija Divjak, Jan Drabina, Ján Mucha
  • Language:Serbian
  • Subject(s):Economy, ICT Information and Communications Technologies
  • Page Range:177-196
  • No. of Pages:20
  • Keywords:new technologies; Industry 4.0; space technologies; Europe; Slovenia;
  • Summary/Abstract:New technologies are evolving at a record pace and they are expected to increase productivity growth, support efficient transition to a greener development, and increase well-being and efficiency in an aging society. Industry 4.0 technologies are only being implemented. Also several new break-through technologies are emerging, from quantum computing to space technology, which could help resolve several sustainability problems, especially those related to energy. However, a wider use of these experimental technologies is still distant. This paper identifies key technologies of today and the future, their current use in companies, as well as the key factors for the implementation of new technologies and the main obstacles. EU countries have set up programs to take full advantage of the new technologies, and this potential is very difficult to assess due to the specific use of some technologies and, at the moment, very high costs. New technologies are expected to support the resolution of the key de- velopment challenges today – from declining productivity to ageing-related challenges, as well as sustainable development issues. Throughout researching current ICT usage in Europe and Slovenia, comparing Slovenia to the top countries in terms of technology utilization and looking towards future goals, it was established that Slovenia has many opportunities for improvement. The transformation is inevitable, although the actual effect or pace by country or sector might differ from the estimates. In order to keep up and efficiently exploit the advantages of new technologies, coordinated action is needed by the states and companies, where the states must support the implementation of new technologies with different financial and non-financial programs, while companies should actively explore the suitability, potential and implement also the new technological solutions.
  • Price: 5.00 €
ZELENI INSTRUMENTI NA FINANSIJSKOM TRŽIŠTU

ZELENI INSTRUMENTI NA FINANSIJSKOM TRŽIŠTU
(GREEN INSTRUMENTS IN THE FINANCIAL MARKET)

  • Author(s):Jasna Zrilić
  • Language:Serbian
  • Subject(s):Economy, Energy and Environmental Studies, Financial Markets
  • Page Range:197-210
  • No. of Pages:14
  • Keywords:green bonds; concept of sustainable development; green financing; environmental risks; greenwashing; socially responsible business;
  • Summary/Abstract:Environmental protection and economically sustainable development are approached with great care by the governments of developed countries and they systematically adopt economic policies that are in line with ESG requirements (environmental, social, governance). In developed countries, there is a growing interest in green bonds and other financial instruments that promote sustainability and socially sustainable business. The first part of the paper presents the basic principles of the concept of sustainable development in banking as well as a review of the risks associated with climate and environmental issues. The paper further contains the elaboration of financial instruments, primarily green bonds, and other products in banks to which it is possible to incorporate elements of "green". The potential of the domestic market for investing in green bonds was pointed out. Given that there is still a trend of keeping a high level above the reserve account by the banking sector in Bosnia and Herzegovina, and that there is a possibility of some investment by the household sector in these products, it is necessary to systematically finance green projects. The role of the banking sector is significant, which can significantly contribute to the realization of sustainable development goals where, in addition to traditional products, products that contain additional components in accordance with the concept of sustainable development could be also offered such as credit lines that finance renewable energy sources or green bonds. This includes the adoption of regulations that are in line with international standards governing this area, as well as the adoption of economic policies that promote the concept of sustainable development and prescribe appropriate subsidies or incentives for green financing
  • Price: 5.00 €
KVALITET LOKALNIH JAVNIH INSTITUCIJA, PRODUKTIVNOST I INOVACIJE NA NIVOU PREDUZEĆA: POKAZATELJI IZ SLOVENIJE

KVALITET LOKALNIH JAVNIH INSTITUCIJA, PRODUKTIVNOST I INOVACIJE NA NIVOU PREDUZEĆA: POKAZATELJI IZ SLOVENIJE
(QUALITY OF LOCAL PUBLIC INSTITUTIONS, PRODUCTIVITY AND FIRM-LEVEL INNOVATION: EVIDENCE FROM SLOVENIA)

  • Author(s):Matija Kovačević, Rok Spruk
  • Language:Serbian
  • Subject(s):Economy, Business Economy / Management, Socio-Economic Research
  • Page Range:211-228
  • No. of Pages:18
  • Keywords:local institutions; quality; innovation; productivity; long-term development; Slovenia;
  • Summary/Abstract:The quality of institutions is an important factor for sustainable growth, productivity, innovation and long-term development. There is a consensus that an institutional environment with low transaction costs, established rule of law and quality state institutions creates better conditions for growth. Societies that have a quality institutional framework tend to increase the level of social capital, because citizens have a higher degree of social trust. In this paper, we investigate variations in the quality of public institutions at the municipal and regional level in Slovenia, as well as the contribution of different layers of institutional quality of Slovenian municipalities and regions to innovation in enterprises. Using the observed and unobserved components of the quality of institutions at the local level, the assessments of the institutional quality of Slovenian municipalities in relation to the rest of Europe were effectively compared. Our estimates suggest that better institutional quality, a more impartial state administration, and a lower level of corruption at the local level are associated with significantly higher probabilities of patent granting by the European Patent Office and the United States Patent and Trademark Office. The projections reveal great and significant benefits of improving the quality of local institutions to the marginal level, while the estimated institutional quality explains inter-municipal differences in the intensity of innovation.
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OBJAVLJIVANJE INFORMACIJA KAO PREDUSLOV ZA PROCJENU KORPORATIVNOG ULAGANJA U ODRŽIVI RAZVOJ

OBJAVLJIVANJE INFORMACIJA KAO PREDUSLOV ZA PROCJENU KORPORATIVNOG ULAGANJA U ODRŽIVI RAZVOJ
(PUBLICATION OF INFORMATION AS A PREREQUISITE FOR CORPORATE INVESTMENT ASSESSMENT IN SUSTAINABLE DEVELOPMENT)

  • Author(s):Jelena Poljašević, Saša Vujošević
  • Language:Serbian
  • Subject(s):Economy, Energy and Environmental Studies
  • Page Range:229-245
  • No. of Pages:17
  • Keywords:sustainable development; sustainability reporting; EU directives; non-financial information; EU Green Deal;
  • Summary/Abstract:The pursuit of a green economy requires significant investment in new technologies by both the state and each individual company. In order to invest in projects that will contribute to achieving the goals of the EU Green Agenda, investors require sophisticated non-financial information on the impact of business on the environment and people. In this direction, a directive has been proposed which prescribes non-financial information to be disclosed, as well as the establishment of non-financial reporting standards that would be a mandatory framework for companies from the European Union and those operating in its territory.
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PODRŠKA RAZVOJU NOVIH POSLOVNIH EKOSISTEMA

PODRŠKA RAZVOJU NOVIH POSLOVNIH EKOSISTEMA
(SUPPORTING NEW BUSINESS ECOSYSTEMS DEVELOPMENT)

  • Author(s):Ada Guštin Habuš, Dominik Božić, Francesca Zanasi
  • Language:English, Serbian
  • Subject(s):Economy, Business Economy / Management
  • Page Range:247-260
  • No. of Pages:14
  • Keywords:digital transformation; small and medium enterprises; business ecosystem; synergy;
  • Summary/Abstract:Changes in today's business environment as a result of the rapid digital transformation of business processes, complex relationships with customers and suppliers and lower entry barriers to market have shaped the reality in which small and medium enterprises operate. Traditional business models often cannot give rapid answers to these changes, so it is necessary to look for new solutions. One of the alternative models is the concept of business ecosystem (BE), which is defined as an economic community supported by a foundation of interacting organizations and individuals. This community represents a networked and fairly autonomous collaboration of economic entities of different sizes, universities, research centers, public sector organizations and other parties. One or more BE members act as leaders and are responsible for coordination within the system, value creation mechanisms and risk management. The paper describes the most well-known types of BE and their differences, design methods and key challenges in this process. Examples of BE in practice and key factors for their success are also presented. Business ecosystems possess specific synergies that help maximize the profits of all individual entities as system members. These systems have a common key feature, which is the focus on creating a healthy and prosperous community that strives for the progress of all members.
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ZELENE FINANSIJE KAO PRETPOSTAVKA ODRŽIVOG RAZVOJA I ZELENE TRANZICIJE

ZELENE FINANSIJE KAO PRETPOSTAVKA ODRŽIVOG RAZVOJA I ZELENE TRANZICIJE
(GREEN FINANCE AS AN ASSUMPTION SUSTAINABLE DEVELOPMENT AND GREEN TRANSITION)

  • Author(s):Radomir Božić
  • Language:Serbian
  • Subject(s):Economy, Business Economy / Management, Financial Markets
  • Page Range:261-280
  • No. of Pages:20
  • Keywords:sustainable development; climate change; green transition; green finance; Western Balkans;
  • Summary/Abstract:The paper points out the need, importance and role of green finance, understood as the adjustment and response of financial systems as a whole, or their elements - markets, instruments and institutions, to the challenges and needs of financing the green transition. The first part of the paper elaborates on the need and essence of green transition, as a current priority of sustainable development imposed by the trend of serious climate change caused by current development concepts and models that, motivated by maximizing profits and wealth, neglected care for the environment resources for future generations. In this context, the countries of the Western Balkans also have no choice and must follow the European Green Agenda and the goal of the European Union (EU) of which they would like to be a part, to make Europe a carbon-neutral continent by 2050. The second part of the paper elaborates on the essence of changes in the financial sphere, synthesized in the term green finance, in order to provide adequate support and financing for the green transition. Potential financial sources are pointed out, such as earmarked funds and EU support in the function of replacing existing energy sources with new, cleaner and renewable ones, but also the need to make public and private, domestic and foreign financial resources available, while strengthening overall social and environmental awareness, primarily engage and combine for the needs of green finance and green transition. The third part of the paper presents some previous experiences, approaches and practices that could be useful for developers of development and business policies in the public, real and financial sectors in the Western Balkans in order to successfully implement the green transition and its adequate financing.
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EVROPSKI ZELENI PLAN I ODRŽIVI RAZVOJ ŠUMARSTVA

EVROPSKI ZELENI PLAN I ODRŽIVI RAZVOJ ŠUMARSTVA
(THE EUROPEAN GREEN DEAL AND SUSTAINABLE FOREST DEVELOPMENT)

  • Author(s):Zdravko Todorović, Igor Todorović, Zoran Govedar
  • Language:English, Serbian
  • Subject(s):Economy, Energy and Environmental Studies
  • Page Range:281-293
  • No. of Pages:13
  • Keywords:Sustainable Forest Development; Forest Development Strategy; Greenhouse Gas Emissions; European Green Deal; Circular Economy;
  • Summary/Abstract:The purpose of the research is to analyze the guidelines of the New EU Forest Strategy 2030, which is considered key to achieving the goals of the European Green Deal, which means reducing greenhouse gas emissions by at least 55% by 2030 and climate neutrality by 2050. The guidelines should be incorporated into the Forest Development Strategy of the Republika Srpska and achieve sustainable forest development. Sustainable development is defined as development that meets the needs of present generations and that does not question the ability of future generations to meet their own needs. The basic principles of sustainable forest management are: 1) The principle of continuity that strives for permanent forest benefits, 2) The principle of multifunctionality that seeks to optimize the overall benefits of forests and 3) The principle of economy that strives for greater forest use with minimal investment. Due to the importance of forestry for the development of the economy of Republika Srpska, it is necessary to respect certain restrictions related to: 1) balance between the demand of the wood industry for timber and deforestation within the limits of sustainable forest development, 2) ) preserve the recreational function of forests. Design / methodology / approach – The research design defines sustainable forest development as a dependent variable, ie a research problem, measured by economic, social and environmental aspects of sustainable management. The New Forest Development Strategy of Republika Srpska until 2030 is considered an independent variable, with elements: 1) Sustainable forest bioeconomy, 2) Sustainable use of resources for bioeconomy, 3) Non-wood forest products and tourism, 4) Development of human resources in forestry, 5) Protection of old and primary forests, 6) Reforestation in line with climate change, 7) Financial incentives to improve forest quality and quantity, 8) Strategic forest monitoring, reporting and data collection, and 9) Research and innovation plan to improve forest knowledge. The following methods will be used in the research: analysis and synthesis, comparison and SWOT analysis. Practical implications – The Government of Republika Srpska will receive new strategic guidelines for sustainable forest management and governance, which is in line with the goals of the European Green Deal and the guidelines of the New EU Forest Strategy until 2030. The implementation of the strategy will result in healthier, more resilient and biodiversity forests that can fulfill their socio-economic and environmental function. Further development of the wood industry on new principles will be ensured. The survival and employment of the population in rural areas will be ensured. The recreational functions of the forest, which is important for the physical and mental health of citizens and the development of tourism, will be preserved. The public company Forests of the Republic of Srpska and private forest owners will receive specific guidelines for the su stainable development of forestry, with the special task of increasing the quantities and quality of forests. Originality / value – By analyzing the current state of forest in the Republic of Srpska and defined guidelines of the European Green Deal for Forest, we will gain new scientific facts and knowledge about the elements for drafting a New Forest Development Strategy in the Republic of Srpska. The new forestry development strategy should help our economy to become modern, climate neutral, resource efficient and competitive based on the principles of the circular economy.
  • Price: 5.00 €
ZELENE FINANSIJE

ZELENE FINANSIJE
(GREEN FINANCE)

  • Author(s):Silvije Orsag, Dejan Mikerević
  • Language:Serbian
  • Subject(s):Economy, Energy and Environmental Studies
  • Page Range:295-317
  • No. of Pages:23
  • Keywords:green transition; green finance; green loan; ESG reporting; enviroment; sustainable development;
  • Summary/Abstract:The strong economic development of the human community has caused significant ecosystem problems. These problems have led to a growing interest in the concept of sustainable development and its growing importance in socio-political discussions. This is reflected in all fields of human activity, including the economy. Green has become the “leitmotif” of the paradigm of sustainable development. The paper gives an overview of the origin and development of green finance in the context of the interdependence of business finance and investment analysis. On the side of the primary issuers of financial instruments, it is a matter of communication on social and managerial orientation towards sustainable development in the context of environmental protection. On the part of investors, there is a growing awareness of the financing of companies as bearers of sustainable projects and the specialization of one part and / or the entire portfolio for their financial support. The financial industry must be involved in these processes. In conclusion, we will focus our review of the development and state of green finances on the necessity of their development in the circumstances of green transition as a key challenge for small countries striving for rapid growth, especially those in our Balkan region.
  • Price: 5.00 €
EVOLUTIVNA EKONOMIJA I EKOLOGIJA U KIBERNETSKOM PROSTORU

EVOLUTIVNA EKONOMIJA I EKOLOGIJA U KIBERNETSKOM PROSTORU
(EVOLUTIVE ECONOMY AND ECOLOGY IN CYBERNETIC ENVIRONMENT)

  • Author(s):Radmilo Todosijević, Miloš Todosijević
  • Language:Serbian
  • Subject(s):Economy, Energy and Environmental Studies, ICT Information and Communications Technologies, Socio-Economic Research
  • Page Range:319-332
  • No. of Pages:14
  • Keywords:enterprise; digitalization; cybernetics; entropy; ecology;
  • Summary/Abstract:We are starting off from the fact that the Enterprise is the most durable creation of human civilization. Historically, it has survived many periods, and developmentally it will survive in civilization. The only questionable point is the shaping of its space and the configuration of control levels. Misconceptions about the free market no longer pass. It’s cheap propaganda for the weak and underdeveloped. Nothing happens without the state. It is there to prevent disasters and uncontrolled behavior. It always intervenes, be it with laws, coercive measures, and when it estimates, it releases from liability. Equilibrium is a condition for the natural and artificial (organizational) system. The principles of cybernetics are always at work, and those who do not respect them will be devalued, and their place will be filled by other incoming systems and their processes. Mutual communication must be preserved, because the entropy of the organizational system, even the natural one, does not tolerate “discontinuity”. The disconnection must be filled. In nature, evolutionary processes are characterized by gradual development. Floods, fires, wars, earthquakes sometimes disrupt this, but things and processes, when the destructive actions pass, are very quickly restored to their original state. The balance is preserved. In the development of civilization we have periods of emergence, duration, devaluation and emergence of new periods, things and processes. Concern about the decline of growth rates analyzes saturated demand and initiates the development interest of enterprises as organizational systems. Supply strategies are emerging as modern macroeconomic behavior. Resources, especially minerals, which are at our fingertips, create riots in society due to the imperfections in technology used in their exploitation. Through ignorance, be it voluntarily or under duress, we renounce what nature has given us. The message is clear: not less, but more knowledge, not less, but more technology, and that is the way to maintain balance in nature and in society. Natural algorithms are at work, regardless of our knowledge of them. There is evolution. In social systems, cybernetics is in charge of the activity of change. In the historical perspective, there have always been natural and social challenges, which through development have imposed the obligation to adapt to new situations. The period of mass production, the period of mass marketing, the post-industrial period, industry 4.0 are the answers to the challenges from the environment. Ecology is a subsystem of the environment. Enough to respect cybernetics and its laws. This cannot be opposed. Affirmation of the facts of the future always starts from the time “Now”-“Immediately”. This is followed by digitalism and the acceleration of change. As for the enterprise, the development focuses on applications related to the profile of activities, production, services and virtual systems in the areas of autonomous process control, condition monitoring and predictive technical and technological maintenance and improvement. The relations of dependence between nature, companies, ecology ... must be established and that is the condition of existence and survival as a merit of algorithmization, the forerunner of the emergence of cybernetics. The answer in the paper will be unequivocal. Since the potential solution is well known and desirable, “Green Energy”, the algorithm can always be set.
  • Price: 5.00 €
ZELENE OBVEZNICE I ULOGA CENTRALNIH BANAKA I JAVNOG SEKTORA KAO FAKTORA TRANSFORMACIJE KA ZELENOJ EKONOMIJI

ZELENE OBVEZNICE I ULOGA CENTRALNIH BANAKA I JAVNOG SEKTORA KAO FAKTORA TRANSFORMACIJE KA ZELENOJ EKONOMIJI
(GREEN BONDS AND THE ROLE OF CENTRAL BANKS AND THE PUBLIC SECTOR AS FACTORS OF TRANSFORMATION TOWARDS A GREEN ECONOMY)

  • Author(s):Branka Topić Pavković
  • Language:Serbian
  • Subject(s):Economy, Energy and Environmental Studies, Financial Markets
  • Page Range:333-344
  • No. of Pages:12
  • Keywords:green bonds; central banks; public sector; renewable energy sources; sustainable economic development;
  • Summary/Abstract:The development and concept of green bonds stemmed from the new role of the financial and public sector as a generator of green transition and especially the influence of central banks in greening financial systems. The green bond market dates back to 2007, with the launch of the Green Bond program by the World Bank. The green economy means the use of renewable energy from various natural resources while ensuring environmental protection, sustainable economic growth and human well-being. These investments are mostly related to the use of renewable energy from biomass, solar panels, wind farms, recycled waste and the like, and like all investments, it is necessary to find sources of funds and interest investors in these projects. Central banks are increasingly involved in sustainable development policies, and as a result, they are directing part of their foreign exchange reserves to green bonds. This paper examines the importance of including green bonds in the portfolio of central banks with an emphasis on one of the basic fiscal goals today, and that is sustainable development in the conditions of green transition. The change in the role of central banks and their adjustment in incorporating environmental sustainability goals is considered.
  • Price: 5.00 €
IZVJEŠTAVANJE KORPORACIJA O MJERAMA PREDUZETIM NA OČUVANJU ŽIVOTNE SREDINE

IZVJEŠTAVANJE KORPORACIJA O MJERAMA PREDUZETIM NA OČUVANJU ŽIVOTNE SREDINE
(CORPORATE REPORTING ON ENVIRONMENTAL MEASURES)

  • Author(s):Bobana Čegar
  • Language:Serbian
  • Subject(s):Economy, Business Economy / Management, Energy and Environmental Studies
  • Page Range:345-360
  • No. of Pages:16
  • Keywords:environmental accounting; financial reporting; business report; listed companies; Serbia; Bosnia and Herzegovina;
  • Summary/Abstract:The increasing awareness of the importance of preserving the environment continuously leads to changes in the way of doing business, which is reflected in accounting, especially in terms of information provided to external users. Today, information on the impact of companies’ business on the environment has become mandatory in many countries, whether it is an integral part of the annual business report or a separate report. An analysis of the content of information for 78 companies, which are provided to external users through the Banja Luka, Sarajevo and Belgrade Stock Exchanges, showed that 48 percent of the sample companies in their annual business reports have no information about the environment. Of the 52 percent of companies that had at least some of this information, it was mostly related to the emphasis of management on environmental concerns, while the weakest results were achieved in terms of reporting on environmental risks. Information on investments in the environment was mostly narrative, and in terms of sectoral affiliation, companies from the electricity sector had the best results.
  • Price: 5.00 €
DRUŠTVA ZA OSIGURANJE I ODRŽIVI RAZVOJ U USLOVIMA ZELENE TRANZICIJE

DRUŠTVA ZA OSIGURANJE I ODRŽIVI RAZVOJ U USLOVIMA ZELENE TRANZICIJE
(INSURANCE COMPANIES AND SUSTAINABLE DEVELOPMENT IN THE CONDITIONS OF GREEN TRANSITION)

  • Author(s):Željko Šain, Jasmina Selimović, Edin Taso
  • Language:Serbian
  • Subject(s):Economy, Energy and Environmental Studies
  • Page Range:361-377
  • No. of Pages:18
  • Keywords:green transition; sustainable development; risks; insurance;
  • Summary/Abstract:Modern living and working conditions on the planet Earth imperatively require a green transition. There are numerous risks, almost endless, related to sustainable development in the conditions of green transition. It cannot be achieved without the institutionalized modern comprehensive insurance industry as its integral part. Insurance companies, as providers of insurance products, on the one hand, and insurance beneficiaries, natural and legal persons, as insurance claimants, on the other hand, have this special role. For the sufficiency and effectiveness of these supply and demand relations, in the given conditions of the green transition, there is a scientific basis, insufficient political commitment and legislation. Professional and practical achievements are at an even lower level. Can sustainable development in the conditions of a green economy be successfully realized then? Especially from the point of view of the situation in Bosnia and Herzegovina, in both its entities? The following text provides some form of overview of the green transition, sustainable development and place of insurance (insurance industry) in this process. An attempt is made to adequately point out the theoretical and practical aspect of the observed topic. The current situation in this complex process is not good! It is imperative to seek and achieve a rational solution throughout the world, including Bosnia and Herzegovina.
  • Price: 5.00 €
ZELENA PORESKA REFORMA I „EFEKAT DVOSTRUKE DIVIDENDE“ – KOMPARATIVNA ANALIZA ZA CRNU GORU, BOSNU I HERCEGOVINU I SRBIJU

ZELENA PORESKA REFORMA I „EFEKAT DVOSTRUKE DIVIDENDE“ – KOMPARATIVNA ANALIZA ZA CRNU GORU, BOSNU I HERCEGOVINU I SRBIJU
(GREEN TAX REFORM AND THE DOUBLE EFFECT DIVIDENDS “- COMPARATIVE ANALYSIS FOR MONTENEGRO, BOSNIA AND HERZEGOVINA AND SERBIA)

  • Author(s):Aleksandar Kešeljevič, Milijana Novović, Ana Lalevic Filipovic, Milan Lakićević
  • Language:English, Serbian
  • Subject(s):Economy, Energy and Environmental Studies, Public Finances
  • Page Range:379-403
  • No. of Pages:25
  • Keywords:green taxes; green tax reform; double dividend; green taxes regressivity; decarbonization:
  • Summary/Abstract:Green taxes are one of the basic mechanisms for creating long-term sustainable development and environmental protection. The introduction of green taxes is the basic mechanism of green tax reform which seeks to achieve environmental and economic goals. The reform arose as a consequence of the knowledge that the current growth, based on a linear model of plunder of natural resources, has to be replaced by switching to a circular model in order not to jeopardize the possibility of human civilization’s survival. The essence of green taxes is reflected in the effort that entity, whose activities lead to the devastation of the environment, pays the taxes that promote environmental activities through various economic incentives. This reduces the need for regulatory activities. At the same time, the introduction of green taxes enables the substitution of the other tax revenues, which does not increase the level of fiscal burden, and budget revenues increase or remain at the same level. This paper analyzes the most important forms of green taxes as well as the experiences of EU countries in implementing green tax reform. The experiences and recommendations of the EU will serve the Western Balkans to create and implement a green strategy. To review the current situation and point out the further action directions, a comparative analysis of activities on the implementation of green tax reform in Montenegro, Bosnia and Herzegovina and Serbia was made.
  • Price: 5.00 €
RIZICI ZELENE TRANZICIJE: INFLACIJA KAO POSLJEDICA PRELASKA NA OBNOVLJIVE IZVORE ENERGIJE

RIZICI ZELENE TRANZICIJE: INFLACIJA KAO POSLJEDICA PRELASKA NA OBNOVLJIVE IZVORE ENERGIJE
(RISKS OF GREEN TRANSITION: INFLATION AS A CONSEQUENCE OF THE TRANSITION TO RENEWABLES ENERGY SOURCES)

  • Author(s):Goran Radivojac, Aleksandra Krčmar
  • Language:Serbian
  • Subject(s):Economy, Energy and Environmental Studies
  • Page Range:405-414
  • No. of Pages:10
  • Keywords:Green transition; inflation; renewable energy sources;
  • Summary/Abstract:Transition to renewable energy sources is one of the most current topics in recent years. There is no need to emphasize global importance of energy efficiency, since it has direct impact on how our world will look and function in a few decades. However, topic worth discussing is sustainable economic development in the conditions of ecological changes. Existing geopolitical tensions have further highlighted the need to shift to new energy sources and reduce dependence on natural resources, which are under the control of national authorities and - therefore - subject to restrictions. Since the end of the conflict in Ukraine and sanctions imposed on Russia is not in sight at the moment, it is realistic to expect that the Western Europe countries will intensify their activities on green transition and energy independence. This process, along with many positive ones, could have some negative consequences on the economic system. One of them is the so-called greenflation, caused by a mismatch between supply and demand for renewable energy sources. With this paper, we want to draw attention to the mentioned phenomenon and point out the importance of adequate preparation of monetary authorities for the challenges ahead.
  • Price: 5.00 €
DOMETI I OGRANIČENJA ZELENOG FINANSIRANJA – NIJANSE „OZELENJAVANJA“ TRŽIŠTA

DOMETI I OGRANIČENJA ZELENOG FINANSIRANJA – NIJANSE „OZELENJAVANJA“ TRŽIŠTA
(SCOPE AND LIMITATIONS OF GREEN FINANCING THE GREEN OF GREENING THE MARKET)

  • Author(s):Miloš Grujić, Tijana Šoja
  • Language:Serbian
  • Subject(s):Economy, Energy and Environmental Studies
  • Page Range:415-431
  • No. of Pages:17
  • Keywords:green bonds; institutional investors; green bond market; bonds; green financing; financing projects;
  • Summary/Abstract:Green bonds are an innovation in the financial market financing projects with a positive impact on the environment. Companies from the public, financial and private sectors issue green bonds in order to increase their energy efficiency, improve the use of renewable energy sources etc. The paper points out the current state and prospects of development of the green bond market. The regulatory framework of green bonds is described. This framework is still based on initiatives and instructions that are voluntary, ie not a legal obligation, but only a recommendation in the process of issuing bonds. The aim of this paper is to analyze the risks and investment potential of institutional investors in green bonds. The paper analyzes the potential and risks of further development of green bonds in financial markets. Current trends in financial markets, participants in the green bond market and the risk and return profile of green bonds are analyzed, emphasizing the possibilities for exploiting the range and limitations offered by the instruments. Most of the data sources include content available online, primarily expert articles, analyzes, and documents and reports of relevant international financial institutions that determine the purposes of green bonds. The conclusion points to the need for further development of the green bond market and directing the operations of financial institutions in the direction of creating new green products and services.
  • Price: 5.00 €
PRODUKTIVNOST KAO IZAZOV

PRODUKTIVNOST KAO IZAZOV
(THE PRODUCTIVITY CHALLENGE)

  • Author(s):Dušan Mramor, Tjaša Redek, Tilen Burgar, Urška Lovšin, Teja Vrščaj
  • Language:Serbian
  • Subject(s):Economy, Socio-Economic Research
  • Page Range:433-453
  • No. of Pages:21
  • Keywords:productivity; global challenges; digitization; innovation;
  • Summary/Abstract:In the last few decades, the rate of labor productivity at the global level has been declining. The situation is more unfavorable in developed economies compared to underdeveloped and developing economies. The latest estimates show a global downward trend of 1.7 percent between 2011 and 2019. Current economic and social challenges such as health risks, climate change and environmental disruption, aging population, contested shifting of world powers are increasingly focusing on the problem of labor productivity. Increasing the productivity growth rate is seen as a means to solve these problems faster. The paper analyzes labor productivity trends and the factors that affect them as well as expected trends. Labor productivity is treated from both micro and macro aspects where the complementarity of these two approaches is indicated. There is no exact answer, ie the consent of the authors to the question of the cause of the decline in labor productivity. Unlocking the productivity potential requires a holistic approach, combining measures both on firm and external levels. To incentivize long-term changes in productivity trend, companies need to invest in digitalization, innovation and intangible capital, in addition to propelling business ecosystems, achieving a better position within the value chain. As productivity advancements are crucial to increase nation’s living standards, a significant effort should be put towards its support also in the macro environment.
  • Price: 5.00 €
ZELENA TRANZICIJA I TRANSFORMACIJA PRIVREDA ZEMALJA EU

ZELENA TRANZICIJA I TRANSFORMACIJA PRIVREDA ZEMALJA EU
(GREEN TRANSITION AND TRANSFORMATION ECONOMY OF EU COUNTRIES)

  • Author(s):Zoran Malešević
  • Language:English, Serbian
  • Subject(s):Economy, Energy and Environmental Studies, EU-Accession / EU-DEvelopment
  • Page Range:455-472
  • No. of Pages:18
  • Keywords:green transition; environmental protection; procedures; public policy;
  • Summary/Abstract:Climate change and environmental destruction are an existential threat to the European Union and to the world. That is why the European Union has introduced and adopted the socalled „Green Plan“, which is designed as a response to solving these problems and include a new European growth strategy aimed at changing the European Union into a modern, resource-effective and competitive economy. The goal of the European Green Plan is to make Europe climate neutral by 2050, to encourage the economy to use more technology that does not pollute the environment, to create a sustainable industry and to reduce pollution. Turning climate and environmental challenges into opportunities will make this transition fair and inclusive for all. The European Commission is assisting EU Member States in designing and implementing reforms that are the basis for a green transition and contributing to the objectives of the European Green Plan, necessary for the implementation of this green policy. The EU is determined to lead the way, together with its Member States, in implementing this plan. The goal of sustainable development is to improve people‘s lives and protect the planet from destruction in order to meet the needs of present and future generations. Since 2020, the European Commission has intensified the analysis and monitoring of the achievement of the Sustainable Development Goals in this context. Member states integrate sustainable development policies into their policies and develop measures for more sustainable development. The paper will try to point out how EU member states approach the adoption and implementation of the green agenda and how they change their current policies. Public companies are protected and predesigned to follow the directives of the state, while small and medium enterprises have a more difficult task in monitoring these procedures and changing the way of doing business.
  • Price: 5.00 €
EVOLUCIJA KONCEPTA I ZNAČAJ ZELENIH POSLOVA KAO POKRETAČA ODRŽIVOG RAZVOJA

EVOLUCIJA KONCEPTA I ZNAČAJ ZELENIH POSLOVA KAO POKRETAČA ODRŽIVOG RAZVOJA
(EVOLUTION OF THE CONCEPT AND IMPORTANCE OF GREEN JOBS AS A DRIVING FORCE FOR SUSTAINABLE DEVELOPMENT)

  • Author(s):Stefan Blagojević
  • Language:Serbian
  • Subject(s):Economy, Energy and Environmental Studies
  • Page Range:473-495
  • No. of Pages:23
  • Keywords:European Green Deal; climate change; green jobs; decent work;
  • Summary/Abstract:Green Agenda for the Western Balkans is a new strategy for the growth of this region, which is moving from the traditional economic model to a new sustainable economy, all in accordance with the European Green Deal. By adopting the European Green Deal, the European Union has set a rather ambitious goal to make Europe the first climate-neutral continent based on the principles of the green and circular economy by 2050. Although the goal set by the mentioned European document is justified in its effort to stop further pollution of our environment and prevent the very popular trend of sacrificing the concept of “green” planet in favor of “green” banknotes, the question is if the period for implementation of green transition that is expected for the Western Balkans is realistic and achievable, bearing in mind that these are developing countries. In addition, in the last two decades, climate change and environmental degradation have reached proportions that, due to the impact they have on the world of work, labor law cannot and must not ignore as it did in earlier times. Green jobs, as the embodiment of sustainable development that humanity is reaching for in order to mitigate the effects of climate change and ensure its survival on the planet, should contribute to preserving and restoring the environment, both in traditional sectors such as industry and construction and in new green sectors that are emerging, such as renewable energy and sustainable agriculture, and to enable decent work for all employees. They reduce pollution, minimize the generation of new waste, reduce greenhouse gas emissions, and lastly but most importantly for human health, support adaptation to climate change. Green jobs are crucial for the future of the world, taking into account that they reduce emissions and pollution by adapting the work process to the rules of green transition, and ultimately providing support in returning the ecosystem to its original balance. Guided by the above mentioned delicate and complex issues, we decided to engage in a deeper analysis of the concept and meaning of the so-called green jobs in the conditions of green transition, in the hope that certain author’s observations, suggestions and attitudes in this paper will serve as an instrument for elucidating potential problems which source can already be found in various European “green” documents.
  • Price: 5.00 €
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