Author(s):
1. Mario Bogdanović, Faculty of Economics, University of Split, Croatia

Abstract:
ECONOMIC DEVELOPMENT IN TRANSITION ECONOMIES: WHAT AND HOW IS NEEDED TO IMPROVE IN THE AREA OF SOCIAL VALUES ? Mario Bogdanović, Ph.D. Value system is the key to survive ! Abstract Attending from the thesis that according to dominant virtues of some society can be predicted his economic success, the social values of each society are crucial for his economic development. By internalisation of specific sets of social values could be given a significant support for economic development in transition economies. According to resolve the societal problems of inappropriate values in transition economic which are incompatible with economic development, this paper deals with the goals: 1) defining the social values important for economic development; 2) defining the agents for social change in a function of economic development in transition economies. The first goal is reached by the list of attributes and values of an ideal and economic prosper societies versus attributes and values of economic stagnant societies according to the evidence of historical economic analysis. The second goal is reached by defining the agents for social change in the function of economic development in transition economies by the elements: a) socio-economic orientation as a agent for social adjustment; b) education as a agent for social adjustment; c) social adjustment of governing-administrative institutions; d) general social adjustment. The results has shown that for transition economies can be suggested: the production-creation conception of economic development, internalisation of a value of the competitive ability in international sense with clear national economic identity; internalisation of connected humanistic (right activity, truth, love, peace and nonviolence) and economic-developmental values (discipline, responsibility, hardworking, persistence and efficacy) in educational system, social adjustment of governing-administrative institutions according to the efficacy, responsibility, kindness and hardworking; general social adjustment to the culture of work, love and learning. Economic systems of transitional countries for his economic development could adjust in the area of social values and institutional climate in order to strength the motivation of his human capital. Without strengthening the critical social values it is not possible to achieve the international competitiveness. Namely, the wealth of nation is a product of specific system social values of some social area. Key words: values for economic development, values of economic stagnation, internalisation of values by the institutions, social adjustment for economic development, transition economies.

Key words:
values for economic development, values of economic stagnation, internalisation of values by the institutions, social adjustment for economic development, transition economies.

Thematic field:
Economic development in the 21st century

Date of abstract submission:
30.06.2012.

Number of visits:
438

Conference:
REDETE 2012