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The link between trade and wages is embodied in the Stolper-Samuelson theorem and its generalizations. The Stolper-Samuelson logic is that trade affects relative factor rewards by changing relative prices. Since in Argentina non-skilled labor was neither as abundant a factor as land nor as scarce as capital it could not be expected to be the big winner in the opening-up process of the Argentine economy nor could it be expected to be a big loser. So, the huge amount of unemployment experienced by the Argentine economy in the 1990s as well as the widening wage gap between skilled and unskilled labor came as a complete surprise. This paper gives some reasons for this unexpected result. In Argentina, trade liberalization meant mainly import liberalization by lowering tariffs that protected labor-intensive industries like textiles. So, the short-run effect was massive destruction of jobs in non-skilled labor-intensive activities. The opening up of the economy significantly lowered the price of capital goods. This encouraged a drastic process of capital for labor substitution as well as promoting an increase in the demand for skilled labor. In those industries in which the import penetration increased the most, the wage inequality widened relatively more between unskilled and skilled workers. The reasons for the persistence of unemployment are discussed, the impact of the increasing unemployment and growing inequality in wage distribution on income distribution is analyzed, the alternatives of shock therapy vs. gradualism are discussed and finally some general conclusions are drawn from the analysis of the Argentine case.

The outburst of the 2008 global economic crisis sparked a myriad of criticism on mainstream neoclassical economic theory, held responsible for not even have considered the possibility of the kind of collapse that the subprime mortgage meltdown unleashed. In this paper, it is argued that what happened was a case of malpractice by hundreds of economists in banks and rating agencies who created and certified as almost risk-free securities assets that were actually highly risky as the events after 2007 overwhelmingly showed. Such a massive case of malpractice denounces deep failures in the regulatory system. The deregulation movement that took place during the 1980s and 1990s was inspired by an almost religious belief in the power of market forces to solve any economic problem. Neoclassical economics can be blamed for creating the ideological climate which stimulated the deregulation movement in the U.S.A during those decades. After discussing some aspects of economics methodology, arguing the need to approach the economy as an interactive complex system, and discussing the use of mathematics in economics, it is argued that the main object of economists' efforts should be economic illness rather than economic health. Finally, a list of 15 guidelines is sketched out for improving the methodological approach as well the contents of economic analysis.

Orienteering is a group of sports that require navigational skills and as a sporting event increases the number of tourist destinations in Croatia. With the help of maps and a compass, the aim is that the runner tries to find all the checkpoints in the shortest possible time. With its geographical diversity, soil configuration and different vegetation, every competition in Croatia feels like a unique experience. Orienteering has seen increasing number of fans of different age groups, who are competing in races which are predefined in annual calendars. The global growth and development of the sports industry contributes to the overall economic development, and the increasingly advanced racing tracking technology and sports equipment used by runners enables the organizer and runners to have an interesting and exciting sports competition with themselves or in pairs and in groups. Outdoor sports are on the rise and increasingly popular in all their forms, both in the world and in Croatia. Orienteering is a sports activity that takes the whole family into nature and allows them to spend an active day or weekend in new places with different requirements and tasks, which enables them to spend a day in a healthy sustainable environment. At the same time, the same form of sporting activity is becoming more and more popular in the education of all age groups, from kindergarten to student population. New augmented reality technologies add value when conducting competitions. The aim of the work is to introduce innovative multimedia content into the increasingly popular sports activity that is accessible to the whole family and in a new and innovative way facilitate the implementation of orienteering. The paper presents a possible solution of the application and gives ideas for the further development and its application in orientation running, as well as its application in other segments of orientation movement

The continental part of Croatia, which has been bypassed by uncontrolled construction and expansion of tourism, abounds in riches that are yet to be discovered, explored and offered to a new generation of tourists, who will acknowledge the value of nature and its processes. The survey, conducted through social networking sites, should cast some light on the current interest in this type of tourist offer among specific age groups. The related field research focuses on exploring the possibilities of local communities and existing rural economies for providing additional services to voluntourists as well as examining the potential for adapting old, unkempt and neglected houses, and turn them into high- quality tourist accommodation. The continental tourism offer presented in this paper is a project aimed at the development of tourism in the northwestern continental part of Croatia. It is based on the idea of four visits to the same destination during different times of the year, each lasting three to seven days. Accommodation units are envisaged as renovated indigenous houses with gardens – old, abandoned and often derelict, but for this purpose adapted in accordance with the architectural heritage. The houses would be turned into holiday homes accommodating 4 to 8 people, at the same time staying true to their typical old architectural style. The selected destination would represent ‘a new temporary home’ for tourists who expect to return to the same place at different times of the year. In addition, the project would lay the foundations for renovating and revitalizing old local homes, at the same time preserving the architectural heritage. This type of tourism specifically relies on the participation of the domicile rural population, by allowing voluntourists to take part in indigenous lifestyle and everyday activities.

Input-output analysis provides numerous analytical possibilities, of which the scientific and professional literature emphasizes the determination of clusters according to the level of aggregation of the national economy. The cluster represents a group of productive sectors integrated into the entire value added chain, from production and supply of basic raw materials and supplies to the delivery of final products. The purpose of this paper is to determine clusters in the Republic of Croatia based on the input-output table for the Croatian economy for 2015. The intensity of interconnections among individual productive sectors was analyzed from the aspect of the demand channel of intermediate products and from the aspect of the supply channel of intermediate goods and services of the observed productive sector to other productive sectors. Cluster determination is based on a combination of backward and forward linkages and a synthetic flow index. According to the intensity of interconnections between productive sectors measured by the flow index, the most significant clusters in the Croatian economy are: Food products, beverages and tobacco products cluster, Constructions and construction works cluster, Public administration and defense services ; compulsory social security services cluster, Land transport services and transportation services via pipelines cluster, Accommodation and food services cluster, Financial services, except insurance and pension funding cluster and Coke and refined petroleum products cluster.

The theme of this paper is to examine the interest in preserving the rich domestic heritage of comics on the Croatian market through digital screening. Based on the experience of business models such as Marvel Studios and Netflix, the available resources of Croatian comics could be offered in the form of digital screening. The research conducted confirms that the interest for adaptation of Croatian comics for digital screening exists among providers and users, and indicates that current obstacles for digital screening are significantly smaller than the value of preserving the heritage of Croatian comics through digitalization. The results obtained demonstrate there is some potential for a digital platform of Croatian comics and indicate a need for further preparations for its realization, including changing how the adaptation of Croatian comics is perceived by those who could produce it, as well as by those who would use it. This would not only increases the availability of Croatian comics to a wider audience, but also potentially enable their implementation into video games or mobile applications, thus further enhancing the value of Croatia's cultural and artistic heritage.

The history of tourism shows a consistent progression from sporadic travels to mass migrations with logical diversification and dispersion into special and individual forms, types and subtypes of tourism. In the second half of the twentieth century, business tourism started to emerge as a growing segment of tourism. Conventions, as a significant segment of the business tourism, contribute to the economy by creating new jobs, attracting investments and by bringing many other financial as well as non- financial benefits to the host destination. To enjoy such privileges, the convention organizers (meeting planners) must operate in a very competitive environment, fighting aggressively for each attendee. Their biggest challenge is to increase the number of convention attendees by adequately responding to the demands of planning future events, making them suitable and attractive to potential attendees. Due to the growing number of various conventions and the attendees’ financial constraints, the average number of attendees in an individual convention is decreasing. Therefore, the meeting planners are becoming increasingly concerned about the strategies used for continuously attracting attendees to their conventions. A great number of research has been conducted from the perspective of the meeting planners, especially on the issues related to the choice of convention destination. Since the number of attendees is the main predictor of the convention success, this paper presents the findings of the conducted literature review which covers the research carried out from the perspective of convention attendees. Unlike other literature reviews which focused only on factors related to the convention evaluation, this paper summarizes the variables significant for the convention evaluation that could predict convention attendees’ behavioural intentions. Behavioural intentions are built on the concept of attitude formation which is why a certain behaviour is likely to affect the convention success. Listing the most relevant variables which have an influence on convention attendees’ behavioural intentions will provide significant conceptual support for future researchers who want to understand attendees’ needs when making a decision about attending an upcoming convention.

Today in tourism, as one of the most imoportant industries in the world, the Internet occupies a large and significant tole, especially in the promotion and sales segment. Digital marketing gives a new dimension to classic marketing activities, such as market reseatch, analyzing consumer behavior, communication and information, etc. This paper explores the ways in which digital marketing contributes to the promotion of rural regional tourist destinations with the aim of creating a new tourist brand on the example of Požega-Slavonia County. In this paper the results are collected using the methodology pirmary research. The research for this paper was made as a part of the branding project of the Požega-Slavonia County. The activity of tourism business subjects on Internet platforms and activities on social networks was analyzed and also the impact of these activities on the promotion of the observed tourist region. Given that the Internet is perfect platform for selling tourist products directly to customers and one of the main tools for consumers to seek reavel.related informations, further implementation of ICT and more intensive use od the Internet, tourist entities in rural tourism would enhance communication with potential tourists, distribution of their turist products and special offers and thus there would be a significant promotion of the tourist destination.

Climate change has been a severe problem in recent years, and countries are fighting it to transition towards a low-carbon economy. To reduce the greenhouse gas emissions that have the most significant impact on the pollution, the European Union gives guidance to the Member States to reduce greenhouse gas emissions in the environment. The European Union guidance has two categories: the European Trading Scheme (ETS) and the other is non- ETS sectors. One of the main non-ETS sectors is households, and the EU tries to reduce greenhouse gas emissions in that particular sector. Besides, the Seventh Environment Action Programme includes the objective that housing's environmental impact should be reduced between 2014 and 2020. To measure households' effect on energy consumption and greenhouse gas emissions, it is necessary to monitor all the relevant items and set up legal constraints. Whenever household consumption is directly responsible for environmental pressures, it is leaving a carbon footprint. Moreover, household energy consumption is measured by household appliances, the average size of the dwellings, the heating/cooling systems used, and the implementation of energy efficiency measures. This paper aims to provide a broader quantitative analysis of household energy consumption and household greenhouse gas emissions within the EU to impact the transition towards a low- carbon economy. It focuses only on the household sector because there is a mismatch between the roles and responsibilities conveyed by current climate policies and how the household perceptions. The main objective is to provide future implications for changes in the regulatory framework.

In today’s competitive and ever-changing world, understanding customers’ behavior and needs and categorize customers based on multiple variables is of vital importance. Customer profiling is a critical aspect of customer segmentation that allows SME owners a better understanding of their market and audiences, so that they can better address their marketing efforts to various audiences (clusters) and maximize their effect. The goal of cluster profiling is to achieve a clear vision of who the customer in each cluster is, what the best way to meet his needs is as well as how and what to offer in order to increase sales and customer satisfaction. The main objective of this empirical research was to identify the profile types (»personas«) for a Croatian-based trade and dealer company from the antiques and collectibles industry, based on their demographics, socioeconomics, psychographics, product and style preferences as well as marketing channel preferences, using primary data collected through a survey of 100 existing customers (N=100) of the trade and dealer company in this industry. The study utilizes the XLSTAT software for Gaussian mixture model to cluster customers. The probability of belonging to each cluster is calculated and a classification is usually achieved by assigning each observation to the most likely cluster. The obtained results singled out three clusters (personas): the Successful old-school business owners, the Collector medical doctors and attorneys at law and the Loyal Facebook followers. Discussion and implications focus on a more detailed identification and definition of the personas and thus show SME companies how they could apply this cluster analysis techniques in their business to adjust the offer and the marketing efforts according to the customer profiles in order to better understand and thus serve their customers.

Gears are machine parts used to transfer torque from one shaft to another. Gears are widespread and their application is indispensable in all industries that produce different drive mechanisms. Each pair of gears makes one transmission, so the transmission can be singlestage or multi-stage. Like other mechanical transmissions, they are usually used to reduce the speed from the drive shaft to the driven shaft. The shape of the gears depends on the relative position of the drive shaft and driven shaft. During rotation, gear teeth are periodically in mesh, and the magnitude of the forces acting on them is constantly changing. Except of the basis on certain norms, the gear calculation is also based on experimentally determined coefficients, but lately, experimental determination is increasingly being replaced by computer numerical analyses, which are cheaper and faster methods. In order to obtain accurate and reliable results of numerical analyzes, it is necessary to have the most accurate three-dimensional gear geometry. The tooth profile is determined by mathematical curves whose final shape depends on several input parameters. The change of each parameter implies a series of computational operations that recalculate the point coordinates of the curves in order to describe the tooth geometry. By parameterization, this process is automated and significantly accelerated, and the obtained gear geometry satisfies all the requirements related to precision and accuracy. CATIA software does not contain a library of gears, so they need to be modeled from scratch each time, which is time consuming and tedious. Often 3D gear models are simplified or approximated, which is why their precision and accuracy are no longer sufficient to generate reliable results from the performed numerical analyzes. This paper presents a procedure of parametric design of spur gears using the CAD software application CATIA V5

The personnel is the most important segment of the business of each corporation. The higher is the position of an individual on the hierarchical level, the higher is its power. The consequences of its actions are more significant, and therefore the responsibility. In order to effectively and efficiently manage the system and achieve the goals set by the owners, and to withdraw sometimes unpopular moves that have negative consequences for employees, it helps managers to have characteristics of the Dark Triad. Machiavellism, narcissism, and psychoticism are positive and required traits in corporations in managerial structures while otherwise in social and interpersonal relationships outside the corporate environment, undesirable and harmful. The owner or employer will find and hire the market manager who, based on his references and results, proves that he has the necessary traits from the spectrum of the Dark Triad. When interviewing and testing for a high- ranking workplace, it is no longer necessary to try to hide the narcissistic, machiavellian, and psychopathic qualities. They are desirable. Each owner, each supervisory board, will gladly hire a manager, a member, or a CEO with such traits knowing that he will fulfill every requirement of the owner effectively without questioning or complaining. Machiavellism, narcissism, and psychoticism open the path to success, and those who do not have these qualities have no chance of competing with those who have these characteristics. Recent past, current times as well as prediction of future events will mark the increasingly competitive competition in the market, as well as the increasing demand towards employees, but also the management. It will all lead to the fact that holders of the Dark Triad traits will be increasingly at a price and increasingly sought-after

The discovery of the endocannabinoid system (ECS) has not only increased our understanding of the effects of plant cannabinoids, but also increased our understanding of human biochemistry as well as opened up avenues towards new therapeutic targets. Phytocannabinoids as well as their synthetic counterparts are known to engage with our endocannabinoid system ; hence our understanding of the basic biochemistry of this pivotal signaling system offers insights into beneficial and therapeutic uses of these molecules. There is a plethora of research data and scientific peer-reviewed papers on the topic of cannabinoids, the ECS and health/disease. Much data has been gathered from epidemiological and biomedical research, thus providing patients and medical professionals with good foundations for the use of cannabinoids in medicine. But understanding the biochemistry of the ECS and the role this signaling system plays in human physiology is the key to the proper use of these potent molecules.

A psychological contract is a relatively new form of agreement that outlines the mutual expectations of the employee and the employer. Unlike an employment contract, it is not drafted in writing but is instead focused on the individual's ambitions, values and motivation. The psychological contract and the employment contract provide an accurate representation of the relationship between the employee and the employer, and since each employee is an individual, each psychological contract will differ. The aim of this study was to examine the employee attitudes towards the employment contract, in particular, to determine employee understanding of the concept of the psychological contract. Another objective was to determine whether there is a relationship between employee sociodemographic characteristics, and violations of the psychological contract.

Decisions making of all kinds, often several times a day, is a challenge to deal with for almost all participants involved in the business process. In real-life business situations, there are different kinds of conditions for decision making. Moreover, decisions often need to be made as soon as possible. And furthermore, problem in making the right business decision is the unavailability of sufficient information. A common aim is to provide usable and prompt business information in order to fulfill different criteria for selection of information sources and the assessment of the quality of the collected information. The use of computers and the Internet is becoming unavoidable, not only as a medium of communication, but also as an inexhaustible source of all kinds of information. Computerization and internetization greatly facilitate and accelerate all business processes and business in general. Nowadays, the Internet is becoming available to a wider range of users, both privately and for business, in order to collect the necessary information. Internet access is available to almost all employees, regardless of the management level. In order to verify the application of theoretical basis in practice, research was conducted in several metal industry companies in Međimurje County. The aim of this study is to investigate the importance of the Internet as a source of business information. Based on the research results, it can be concluded that online resources are an important source of business information. Respondents who consider the Internet as an important source of business information, also think that it is a reliable source of information. It can be concluded that the Internet is becoming an increasingly important and widely used source of business information from year to year.

Local government units have limited budgets and often find themselves in a situation where investment needs for local community development go beyond budget possibilities for their funding. This paper analyzes municipal bonds as a possible way of obtaining funds to finance local self- government projects, and gives a brief overview of markets for these securities in the United States, the selected European Union (EU) countries and the Republic of Croatia. Since local authorities in certain EU countries successfully issue municipal bonds to finance development projects, the paper specially emphasize theirs management model. In the Republic of Croatia, the municipal bond market was established in 1995, but virtually no longer exists since there is currently no issued and on the secondary market listed municipal bonds. Inadequate development of the Croatian capital market, currently low interest rates of commercial banks, open possibilities for financing capital projects of public interest through European Union funds, and lack of knowledge and experience of issuers and potential investors on municipal bond issuance, limit the application of these securities with world growing attractiveness.

The topic of this research paper is to explore India as an important tourist destination in Asia. The tourism potential in India is enormous but still not fully utilized, especially by foreign tourists and travelers. Although the tourism potential is still to be more commercialized and improved, it is obvious that the tourism in India is increasing in comparison to the average World's growth. The aim of the research is to find out and describe the main tourist regions in India and to identify the resources and tourist attractions of each. Further on, the goal is to analyze and recommend the types of tourism and their characteristic features in eight tourist regions: Western, South-Eastern, Himalayan Northern, North-Western, Northern, Central, North-Eastern, Andaman, Nicobar and Laccadive islands. The methods used in this paper are historical, descriptive, analysis and synthesis. The research results indicate the preference of foreign tourists is towards Western, Northern, Himalayan Northern regions while Central, North-Eastern regions are still not visited sufficiently when it comes to their tourist potential. Contribution of the research is seen in providing the deeper insight in Indian tourism, development potential but also in rising awareness of its possibilities to improve less visited regions and the overall tourism perception to foreign tourists.

This paper provides an overview of the stakeholder theory as a part of the business orientation that every business should aspire to. Stakeholders are a group of people who are interested in the business operations of a particular company and whose interests are affected by the realization or completion of the operations. The goal of every organisation, regardless of its core business, is to make a profit, however, in order to achieve this, it is necessary to satisfy all the interested parties that affect the bussiness operations or are affected by it. Stakeholder theory is about creating value and how to manage your business effectively. If the stakeholder theory is to solve the problem of value creation, it must show how the business can actually be described through the stakeholders relations. Organization management has evolved from a purely profit-oriented model to a model that focuses responsibility at all levels of management towards all stakeholders. The concept of the stakeholder theory has come into use to extend the notion of management responsibility, which is traditionally related to stakeholders.

With the reform of the Structural Funds in 1987. the concept of ' Community Initiative ' has been introduced, which enabled the EU Commission to provide funds for measures of particular interest to the community, among others, the LEADER initiative. This type of approach relies on the development and implementation of local development strategies that enable the integral implementation of economic and social cohesion, implemented by local action groups (LAG). The level of performance of the LEADER program is different in EU countries. This research paper represents the comparative analysis and an overview of the implementation of the LEADER in the European Union.

Achieving sustainable development and transition to a low-carbon economy are some of the major goals of the 21st century. As an emerging economic model, the low-carbon economy provides valuable solutions for tackling the inevitable climate change on a global scale. Companies and countries are trading in carbon emissions on carbon markets, and there is a need to recognise and measure carbon emissions, from both the financial and accounting perspective. Carbon accounting should play a significant role in a low–carbon economy ; however, this is not the case at the moment. According to previous research, there are many unresolved issues in carbon accounting, particularly regarding carbon credits as marketable securities. Polluters must submit carbon credits to the competent state authority to meet their obligation arising from the GHG emissions they have generated. Carbon accounting can be seen as a wide range of different practices, and it means different things to different groups of people. It helps stakeholders in making proper business decisions considering the reporting and accounting challenges. There are two categories of carbon accounting: physical and financial. Physical carbon accounting quantifies physical amounts of greenhouse gas emissions to the atmosphere, while financial carbon accounting measures the financial market value of carbon emissions. This paper aims to provide a broader perspective and theoretical support for research on the accounting aspect of a low–carbon economy. It focuses on past and present trends, challenges, and changes in carbon accounting. The main objective is to provide guidance, both for shareholders and stakeholders, in the form of business (and legal) guidance.

European funds are financial instruments for the implementation of individual EU public policies in the Member States. The public policies of the European Union, the Member State and the Candidate Country are the basis for determining the objectives whose achievement will be supported by funding through EU funds. EU funds are European citizens' money, which, in accordance with certain rules and procedures, is allocated to various beneficiaries for the implementation of projects that should contribute to the achievement of the key EU public policies. Among other things, EU funds can finance activities related to investments in infrastructure providing basic services to citizens in the fields of energy, environment, transport and information and communication technologies, as well as investments in social, health and educational infrastructure. In the coming period, EU investment from 2021 to 2027 will focus on five main goals: a smarter Europe, a greener carbon-free Europe, a more connected Europe, a more social Europe and a closer Europe for citizens. The Investments in question will help improve regional development in the EU Member States, with the largest emphasis (as much as 30% of the total EUR 1.135 billion) going to the Nature and Environment framework. Among potential beneficiaries who will be able to use the funds in question are research centers, local and regional authorities, schools, corporations, training centers, state administration, small and medium-sized enterprises, universities, associations are highlighted, and besides these funds will be available to public bodies, some private sector organizations (especially small businesses), NGOs and volunteer organizations. This paper presents an analysis of EU Investment in the period from 2021 to 2027, outlines its financial perspective (with emphasis on the "Nature and Environment" framework) and gives an overview of potential future investments.

In this paper, we study the relationship between the deficit, unemployment, and economic growth in the long term in Croatia. Theoretically, the reduction of public spending should impact positively on unemployment and should reduce unemployment. In this paper, we show how short and long-term effect is to reduce the economic growth and what is the justification in reducing public spending in times of crisis. Then we will answer to the question of whether it might be just the opposite, increase in public spending as a generator of economic growth in the short term and systematic work, and restructuring the economy to enable long-term stability in the country. One of the questions that this paper will answer is what econometric model is applied to study the effects of certain variables on economic growth (public spending, deficits, ...) as the most appropriate and best solution. Empirical results provide evidence that the nominal deficit and the overall unemployment explains most variations of real GDP. However, the major effect on real GDP is due to real private consumption per capita.

Financial framework within the scope of development activities in chocolate confectionery expands trends in consumer behaviour toward the financial decision-makers relevant for the product, price and purchasing power determination. Quality products mainly related to product innovation and proactive imitation attach barriers mostly in supply chain and sales. Adaptive solutions meet cost and price optimisation in terms of as many as four significantly-narrowed industrial indicators: employment, industrial production, retail sales and personal income. Taking into consideration the mentioned processes, the authors’ analyse financial background and perspective of the largest Croatian chocolate confectionery producer - Kraš d.d. Current accent addresses the importance of valuation assets analysis while using the concepts of the time value of money. The authors’ idea is promoting the implied equity value of assets in multiple modelling and valuation structuring as an answer to newly adapted concepts in the industry. The valid concept of discounted cash flow (DCF) model is seeking beneficiary outcomes in equity valuation. Moreover, in authors’ opinion, it triggers the value of discounted terminal value (DTV), total enterprise value (TEV) and average value of equity (AVE). As per discussion, it provides modelling and valuation insights that render the reduction of net debt and growth in the multiplier of earnings before interest, taxes, depreciation and amortisation (EBITDA) for the case. Besides, the relevant findings are decent argument in assessing a current business without taking into consideration “war chess game“. In the final part, the authors are summarising useful findings related to multiple modelling and valuation structuring in studies and business.

Business negotiations form an integral part of daily business operations for managers at all hierarchical levels. In this context, negotiators are often faced with dealing with different types of conflicts with the opposite party. The main aim of this paper is to identify the ways managers solve the conflicts that emerge during the negotiating process. An additional aim of the paper is to identify the factors that influence the choice of conflict management strategy. For that purpose, the survey has been conducted among 256 Croatian managers. The results of the study reveal five factors that affect the manner in which conflicts are resolved. Those factors consist of company size, hierarchical level of the manager, aims of the negotiating process, negotiator’s autonomy and the importance of teamwork.

The relationship between national culture and innovation at the national level is well established in the literature. However, ambiguity regarding the relationship still exists. The influence of different national culture dimensions in different empirical settings seems to provide contradicting results, especially when comparing countries with significant differences in national culture, such as Western European and Far Asian countries. In order to shed light on the understudied relationship between national culture and innovation in Eastern European countries we conducted an analysis of the relationship between Hofstede’s national culture dimensions and the Global Innovation Index in selected countries to find out if the proposed relationships that can be found in the literature hold true for the countries of the former Eastern Block. In this way we hope to contribute to the literature studying this interesting phenomenon.

Digital business transformation refers to the continuous application of digital technologies focused on the design of innovative business strategies and business models, new ways of management to provide customers with better products, services and especially experience of their use. There is a different methodology for assessing the company's maturity of digital business transformation. The purpose of the paper is to describe how to manage digital business transformation and apply one of the framework for assessing the company's digital capabilities within Croatian business practice.

Economic and Social Development (Book of Proceedings), 40th International Scientific Conference on Economic and Social Development ; Buenos Aires, 10-11 May 2019.

Although being the youngest traffic branch, air traffic plays the important role in tourist traffic flows all over the world. With respect to this, the aim of this paper is to analyse air traffic, with the special focus on the socio-demographic analysis (age, gender and level of education) of air travel behaviour in the Republic of Croatia. For this purpose, empirical research was conducted on the sample of 194 respondents who gave insights about the most common reasons for travelling inside Croatia, most often used means of transport and airports which respondents have used so far. Research results confirmed that there is a statistically significant difference among the respondents in reasons for travelling on holiday regarding the gender. Male respondents travel more for work reasons, while women on the other hand, travel more for social reasons and to visit their relatives and friends.

Trends in globalization change market rules every day so that companies face daily, sudden, unexpected and overwhelmingly unpredictable changes where they expect timely and accurate responses and business decision making to achieve market competitiveness. With the development of digitization and the development and expansion of the Internet, new opportunities for business operations have opened up. Technological innovations and digitalization open new opportunities for expanding into international markets and are just social networks, a very convenient channel for business promotion, product advertising, as well as a product sales channel, and hence may have an impact on increasing business performance. Through social networks, consumers can reliably and quickly find out all information about a product as well as information about a business's business