Montenegrin Journal of Economics

Volume 2 № 4

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János Kornai

THE GREAT TRANSFORMATION OF CENTRAL EASTERN EUROPE: SUCCESS AND DISAPPOINTMENT - FIRST PUBLISHED

Article title	THE GREAT TRANSFORMATION OF CENTRAL EASTERN EUROPE: SUCCESS AND DISAPPOINTMENT - FIRST PUBLISHED
Authors	János Kornai
Category	Economics
Article type	Science Article	JEL Classification	P21; P30; P51
Abstract	study examines the changes of the Central Eastern European region first in the context of world history. It confirms by comparative historical analyses that the transformation was indeed unique. This has been the only total transformation that took place peacefully, without violence, and at the same time astonishingly fast, in the main direction of the economic and the political changes of Western civilization. From that perspective it is an exceptional success story. However, from the perspective of everyday life, the result is different. Deep economic troubles are experienced by a considerable portion of the population. The perception of losses is intensified by various cognitive problems. Based on the experience of today's generation, evaluating the change as an unequivocal success would be unwarranted. Both approaches are justified: it would be wrong to blend the two and to weigh them by the same scale.
Key words	Central Eastern Europe, transition economies, main direction of political and economic transformation, cognitive problems, convergence
Literature	Bloch, M. (1989) [1939] Feudal Society (London: Routledge) Braudel, F. (1972-1973) [1949] The Mediterranean and the Mediterranean World in the Age of Philip II (New York: Harper and Row) Braudel, F. (1992) [1969-1979] Civilization and Capitalism, 15th-18th century. I-III.; I. The Structures of Everyday Life; II. The Wheels of Commerce; III. The Perspective of the World (Berkeley: University of California Press) Brenner, R. (1976) 'Agrarian Class Structure and Economic Development in Pre-Industrial Europe', Past and Present, 70, pp. 30-75 Burke, P. (1990) 'Interview Conducted by Karl Vocelka and Markus Reisenleitner' http:// www.univie.ac.at/Neuzeit/gburke.htm Campos, N. F. and Coricelli, F. (2002) 'Growth in Transition: What We Know, What We Don't, and What We Should', Journal of Economic Literature, 40(3) (September), pp. 793- 836 Csaba, L. (2005) The New Political Economy of Emerging Europe (Budapest: Akadémiai) Dahl, R. A. (1971) Polyarchy: Participation and Opposition (New Haven: Yale University Press) European Bank for Reconstruction and Development (2002) Transition Report (London: EBRD) European Commission (2003) Comprehensive Monitoring Report of the European Commission of 5 November 2003 on the State of Preparedness for EU Membership of the Czech Republic, Estonia, Cyprus, Latvia, Lithuania, Hungary, Malta, Poland, Slovenia and Slovakia, 675 final (Brussels: European Union) Haggard, S. and Kaufman, R. R. (2005) The Political Economy of Democratic Transitions (Princeton: Princeton University Press) Hayek, F. von (1944) Road to Serfdom (Chicago: University of Chicago Press) Halman, L. (2001) The European Values Study: A Third Wave, Tilburg: EVS, WORC, pp. 170 Hirschman, A. O. (1982) Shifting Involvements (Princeton: Princeton University Press) Huntington, S. P. (1991) The Third Wave: Democratization in the Late Twentieth Century (Norman: University of Oklahoma Press) Karamzin, N. M. (2003) [1789-1790] Letters of a Russian Traveller (Oxford: Voltaire Foundation) Klaniczay, G. (2001) 'The Middle Ages' in Smelser, N. J. and Baltes, P. B. (ed.) International Encyclopaedia of the Social & Behavioral Sciences (Amsterdam: Elsvier) Kolodko, G. (2000) From Shock to Therapy: The Political Economy of Post-socialist Transformation (Oxford: Oxford University Press) Kornai, J. (1980) Economics of Shortage (Amsterdam, New York: North-Holland Pub. Co.). Kornai, J. (1992) The Socialist System (Princeton - Oxford: Princeton University Press - Oxford University Press) Kornai, J. (1998) From Socialism to Capitalism: What is Meant by the 'Change of System' (London: Social Market Foundation) Kornai, J. (2000) 'Ten Years After 'The Road to a Free Economy', The Author Self-Evaluation', in Pleskovic, B. and Stern, N. (ed.), Annual World Bank Conference on Development Economics 2000 (Washington, DC: The World Bank) Le Goff, J. (1982) [1977] Time, Work, & Culture in the Middle Ages (Chicago: University of Chicago Press) Maddison, A. (2003) The World Economy: Historical Statistics (Paris: OECD, Development Centre Studies) McFaul, M. (2002) 'The Fourth Wave of Democracy and Dictatorship', World Politics, 54, pp. 212-244. O'Donnell, G. A., Schmitter P. C. and Whitehead, L. (1988) Transitions from Authoritarian Rule: Comparative Perspectives (Baltimore: Johns Hopkins University Press) Offe, C. (1996) Varieties of Transition: the East European and East German Experience (Cambridge, MA: Polity Press) Pirenne, H. (1937) [1933] Economic and Social History of Medieval Europe, (New York: Harcourt, Brace and World Inc.) Polányi, K. (1962) [1944] The Great Transformation: The Political and Economic Origins of Our Time (Boston: Beacon Paperback) Przeworski, A. (1991) Democracy and the Market (Cambridge: Cambridge University Press)
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Nikolai Petrakov

ДЕМОКРАТИЯ И НОВЫЙ ПЕРЕДЕЛ МИРА

Article title	ДЕМОКРАТИЯ И НОВЫЙ ПЕРЕДЕЛ МИРА
Authors	Nikolai Petrakov
Category	Economics
Article type	Science Article	JEL Classification	Z00; P20
Abstract	Last decades amaze with surprising changes in scientific and technical sphere. If you put beside a political card of the world of the beginning of the last century, and the card reflecting borders before the second world war, and then after it; and, at last, a modern card of frontiers can seem that is a question of the various worlds. The reasons constant перекраивания a political card of the world are various. Liquidation of Soviet Union was welcomed and stimulated with the West to build on the postSoviet space new democratic communities. In it the proclaimed sense of present repartition of the world. But here there is a new ball of contradictions: how it is possible to spread democracy not democratic methods? New repartition of the world was transformed to deep political crisis of the world community.
Key words	Democracy, Democratic colonialism, Freedom
Literature	is not available
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Veselin Drašković

IMITATION OF THE POSTSOCIALISTICS INSTITUTIONALIZATION

Article title	IMITATION OF THE POSTSOCIALISTICS INSTITUTIONALIZATION
Authors	Veselin Drašković
Category	Economics
Article type	Science Article	JEL Classification	P36
Abstract	The work talks about significance of a real institutionalization for some postsocialist countries in which its imitations had been reproduced, due to which pseudo-institutes had destructive effect on valorization of business resources. By explaining causes and consequences of many restraints and delusions of institutionalization, one is trying to prove a) that institutionalization cannot be developed on its own contrasts and b) that experience of post-socialist economies shows that economic freedoms and democracy are commonly needed, but not a sufficient condition for establishment of effective economic institutes, which could be developed only in conditions of the dominance of effective private owners as mass appearance. Starting from the logical presumption that people do not have anything against becoming owners of private property and economically free, the author is looking for causes of slow institutionalization, including institutional adaptation, in the fact that variety of social pathology reached the climax just in the period of transition. In this sense, words of Gerard F. Cavanagh seem alarming that none human institute cannot exist for long without a stable consent on what is ethically correct, and what is wrong.
Key words	Economic Institutes, Institutionalization, Meta-Institutionalization, Transition, Postsocialist Countries.
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Drašković, Veselin (1997), Neoinstitucionalne ekonomske teorije, Beograd-Kotor, Ekonomika i Fakultet za pomorstvo. ______ (1999), »Problemi i deformacije tranzicije«, Ekonomska misao br. 3-4, ss. 221- 33. ______ (2000), »Sprovođenje institucionalnih promjena u Crnoj Gori«, Ekonomist br. 4, Vol. 32, ss.121-7. ______ (2001), »Kočioni mehanizam YU tranzicije«, Ekonomist br. 2, Vol. 34, ss. 67-73. ______ (2001a), "Institucionalizacija i kvazi- institucionalizacija u SRJ", u: Zbornik radova "Tržišna reforma privrede" sa savjetovanja jugoslovenskih ekonomista u Subotici, Ekonomist br 3, Vol. 35, 71–8. ______ (2002), Kontrasti globalizacije, Beograd- Kotor: Ekonomika i Fakultet za pomorstvo. ______ (2002a), "Masovna vaučerska privatizacija i neoinstitucionalna teorija prava svojine", Ekonomika preduzetništva br. 2, 107-9. ______ (2002b), "Barjeri na puti sozdanija rinočnih institutov v Jugoslavii", Nо 6, Mirovaja ekonomika i meždunarodnije otnošenija Nо 6, 88-93. ______ (2003), "Značaj institucionalizacije i njena ograničenja u periodu postsocijalističke tranzicije", Ekonomska misao br. 1-2, 143-51. ______ (2004), "Kočioni faktori i zablude crnogorske institucionalizacije", Zbornik CANU br. 67, 233-48. ______ (2005), Svojina i privatizacija, Kotor: Fakultet za pomorstvo. ______ (2005a), "Individualizam i instituti", Montenegrin Journal of Economics, Vol 1, No 2, 58-70. ______ (2005b) "Prioritet ekonomskih instituta u odnosu na ekonomske slobode i njihova komplementarnost", Ekonomski anali br. 165, 213-223. ______ (2005c), "Ograničenja postsocijalističke institucionalizacije", Zbornik FZP br. 21, 131-46. Dush, Raymond (1993), "Tolerating Economic Reform: Popular Support for Transition to a Fre Market in the Former Soviet Union", American Political Science Review, No 87. Eatwell, John et al. (1995), Transformation and Integration: Shaping the Future of Central and Eastern Europe, London, Institute for Public Policy Research. Friedman, Milton & Rose (1996), Sloboda izbora- lični stav, Novi Sad, Global book. Gofman, E. Asiles (1968), Etudes sur la conditions sociale des malades mentaux et autres reclus, Paris. Huntington, P. Samuel (1991), The Third Wave. Democratization in the Late Twentieth Century, Norman (Oklahoma). Kovač, Bogomil (1991), "Privatizacija i preduzetništvo kao pravci reforme", u: Od nacionalizacije do privatizacije, red. B. Cerović, Beograd, Ekonomski fakultet i Ekonomski institut, 300-11. Madžar, Ljubomir (2003), "Enigme liberalizacije", Prizma, oktobar, 36–43. Marcouiller, D. & Young, L. (1995), "The Black hole of graft: the predatory state and the informal economy", American Economic Review, 3. Mc Auley, A. (1991), Market Failure Versus State Failure: the Scope for Privatization in a Planned Economy, Trento (Italy). Migdal, J. S. , Kohli, A. and V. Shu (1994), State Power and Social Forces, Cambridge. North, D. C. (1981), Structure and Change in Economic History, New York. ______ (1984), "Transaction cost, institutions, and economic history", Journal of Institutional and Theoretical Economics, Vol. 140, No 1. ______ (1987), "Institutions, transaction cost and economic growth", Economic Inwuiry Vol. 25, No 3., pp. 418–32. ______ (1993), "Instituti i ekonomičeskij rost: istoričeskoe vvedenie", Thesis, Tom 1, Vip. 2, ss. 69-91. ______ (1994), »Economic Perfomanse through Time«, American Economic Review, Vol. 84, No 3. North, D., Thomas R. (1973), The rise of the Western world: a new economic history, Cambridge, Cambridge University Press. Nutzinger H. G. (1982), The economics of property rights: a new paradigm in economic science? u: Philosophy of economics, Berlin, Ed. by Stegmuller W. Pejović, S. (2001), "Privatni kapital najbolji kapital", Ekonomist magazin br. 55, 14-6. ______ (2002), "Poslije socijalizma – Gdje leži nada za individualne slobode?", Crnogorski ekonomski časopis br. 1, 9-21. Polanyi, Karl (1990), The Greate Transformation, Beahow Press. Prokopijević, M. (2004), "Ekonomske slobode i ekonomski rast", u: Ekonomske slobode i poslovno udruživanje, Miločer, 83-100. Przeworski, Adam & Limongi, Fernando (1993), "Political Regimes and Ecinomic Growth", Journal of Economic Perspectives, September, Vol. 7, No 3. Stiglic, Džozef (2001), "Čuvajte se MMF-a!", Ekonomist magazin br. 42, 12-5. Stojanović, Božo (2001), "Preispitivanje tranzicije", Ekonomist magazin, 28. maj, 46-7. Terry, M. Sarah (1993), "Thinking about Post-Communist Transitions: How Different Are They?", Slavic Review, Vol 52, No 2. Vukotić, V. (2004), "Politička ekonomija ekonomskih sloboda", u: Ekonomske slobode i poslovno udruživanje, Miločer, 9-29. Wagener, H. (1993), Change and Transformation, u: On the Theory and Policy of Systemic Changes, Physica-Verlag.
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Milenko Popović

CAPITAL AUGMENTING AND LABOR AUGMENTING APPROACH IN MEASURING CONTRIBUTION OF HUMAN CAPITAL AND EDUCATION TO ECONOMIC GROWTH

Article title	CAPITAL AUGMENTING AND LABOR AUGMENTING APPROACH IN MEASURING CONTRIBUTION OF HUMAN CAPITAL AND EDUCATION TO ECONOMIC GROWTH
Authors	Milenko Popović
Category	Economics
Article type	Science Article	JEL Classification	O41, C61
Abstract	In this paper an effort has been made to unveil some hidden and implicit assumptions that has been used in different models dealing with analysis and measurement of contribution of human capital to economic growth. We start from general production function with heterogeneous labor input and general production function with heterogeneous human and physical capital. By introducing different assumptions regarding partial elasticity of substitution between different factors of production we derived different models for human capital contribution. Apart from making hidden assumptions of existing models explicit, we also derived dozen of others models that can be used for same purposes. Among those newly proposed models especially important are those that are derived from general production function with heter ogeneous human capital and that are based on assumption of unlimited partial elasticity of substitution between different kinds of human capital. First, they allow for more detailed sources of growth analysis. Second, they do not have any problem with wage premium increase experienced in last three decade, which make problematic usage of most of other models used so far.
Key words	Economic Growth, Human Capital, Education, Partial Elasticity of Substitution
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(1956) "A Contribution to the Theory of Economic Growth." Quartarly Journal of Economics 70(1): 65-94. Solow, R. M. (1957) "Technical Change and the Agregate Production Function" Review of Economic and Statistics 39: 312-20. Stevens, P., Weale, M. (2003). "Education and Economic Growth" Paper prepared for G. and J. Johnes (ed) International Handbook on the Economics of Education, Edward Elgar.
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Aleksandr Hudokormov

ОСНОВНЫЕ ТЕНДЕНЦИИ В НОВЕЙШЕЙ ЭКОНОМИЧЕСКОЙ ТЕОРИИ ЗАПАДА (НА МАТЕРИАЛЕ ЛЕКЦИЙ НОБЕЛЕВСКИХ ЛАУРЕАТОВ ПО ЭКОНОМИКЕ)

Article title	ОСНОВНЫЕ ТЕНДЕНЦИИ В НОВЕЙШЕЙ ЭКОНОМИЧЕСКОЙ ТЕОРИИ ЗАПАДА (НА МАТЕРИАЛЕ ЛЕКЦИЙ НОБЕЛЕВСКИХ ЛАУРЕАТОВ ПО ЭКОНОМИКЕ)
Authors	Aleksandr Hudokormov
Category	Economics
Article type	Science Article	JEL Classification	B00; B31
Abstract	This scientific work explains basic tendencies of contemporary Western economic thought by using analysis of inaugural lectures of the Nobel Prizewinners in Economics. Their number and input from the aspect of national and theoretic affiliation (to a certain economic course) are being analyzed. Domination of the American economic theoreticians, change in topic (role of a man in economy) and methodology of research (recognition of non-economic factors in economy), as well as significance of applying mathematics are being emphasized. Influence of certain economic courses on contemporary economic theory of the West is being compared.
Key words	Economics, Schools of Economic Thought
Literature	is not available
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Evgenij Popov, M. Vlasov

THE INSTITUTIONAL ANALYSIS OF PROCESSES OF MANUFACTURE OF NEW KNOWLEDGE

Article title	THE INSTITUTIONAL ANALYSIS OF PROCESSES OF MANUFACTURE OF NEW KNOWLEDGE
Authors	Evgenij Popov, M. Vlasov
Category	Economics
Article type	Science Article	JEL Classification	D02; D83
Abstract	On the basis of the analysis of references and own researches of authors institutes of manufacture of knowledge on a minimum level of managing are revealed and systematized. By results of empirical research of activity of the Russian enterprises dependences of evolution minieconomical institutes of manufacture of knowledge from influence of external and intrafirm factors of activity are certain. The conclusion about expediency of application of the device institutes the analysis for an estimation is designated.
Key words	Institutes, Manufacture of New Knowledge.
Literature	1. Махлуп Ф. Производство и распро- странение знаний в США. М.: Прогресс, 1966. 2. Макаров В.Л. Экономика знаний: уроки для России//Вестник РАН. 2003. № 5. 3. Львов Д.С., Гребенников В., Устю- жанина Е. Концепция национального иму- щества // Вопросы экономики. 2001. №7. 4. Клейнер Г. Б. Становление общества знаний в России: социально-экономичес- кие аспекты // Общественные науки и сов- ременность. 2005. № 3. 5. Богомолов О.Т. Российской нормой должна стать социально – ориентирован- ная рыночная экономика // Экономическая наука современной России. 2000. №5. 6. Багриновский К.А., Исаева М.К. Базовая модель механизма управления тех- нологическим развитием // Экономическая наука современной России. 2002. №3. 7. Popov E.V. Minieconomics as a Separate Part of Microeconomics //Atlantic Economic Journal. 2005. Vol. 33. No. 1. 8. Клейнер Г.Б. Эволюция институци- ональных систем. М.: Наука, 2004. 9. Макаров В.Л. Экономика знаний: уроки для России//Вестник РАН. 2003. № 5. 10. Козырев А.Н., Макаров В.Л. Оценка нематериальных активов и интеллектуаль- ной собственности. М.: РИЦ ГШ ВС РФ, 2003. 368 с. 11. Лусевич И.Я. Анализ финансовых операций. М.: Финансы, ЮНИТИ, 1998. 12. Нонака И., Такеучи Х. Компания - создатель знания. Зарождение и развитие инноваций в японских фирмах. М.: Олимп- Бизнес, 2003. 13. Пузыня Н.Ю. Оценка интеллекту- альной собственности и нематериальных активов. СПб.: Питер, 2005. 14. Попов Е.В., Власов М.В. Миниэко- номические институты производства но- вых знаний //Журнал экономической тео- рии. 2006. № 2. С. 40-58. 15. Эдвиссон Л. Корпоративная долго- та. Навигация в экономике, основанной на знаниях. М.: Инфра-М, 2005. 16. Нонака И., Такеучи Х. Компания - создатель знания. Зарождение и развитие инноваций в японских фирмах. М.: Олимп- Бизнес, 2003. 17. Глухов В.В., Коробко С.Б., Маринина Т.В. Экономика знаний. СПб.: Питер, 2003. 18. Эдвиссон Л. Корпоративная долго- та. Навигация в экономике, основанной на знаниях. М.: Инфра-М, 2005. 19. Козырев А.Н., Макаров В.Л. Оценка нематериальных активов и интеллектуаль- ной собственности. М.: РИЦ ГШ ВС РФ, 2003. 368 с. 20. Нонака И., Такеучи Х. Компания - создатель знания. Зарождение и развитие инноваций в японских фирмах. М.: Олимп- Бизнес, 2003. 21. Пузыня Н.Ю. Оценка интеллекту- альной собственности и нематериальных активов. СПб.: Питер, 2005. 22. Глухов В.В., Коробко С.Б., Мари- нина Т.В. Экономика знаний. СПб.: Питер, 2003. 23. Махлуп Ф. Производство и распро- странение знаний в США. М.: Прогресс, 1966. 24. Нонака И., Такеучи Х. Компания – создатель знания. Зарождение и разви- тие инноваций в японских фирмах. М.: ЗАО «Олимп - Бизнес», 2003. 25. Котлер Ф. Основы маркетинга. М.: Прогресс, 1990. 26. Бреннан Дж., Бьюкенен Дж. При- чина правил. СПб.: Экономическая школа, 2005. 272 с.
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Radislav Jovović

INFORMATION TECHNOLOGIES: DRIVING FORCE OF NEW ECONOMY

Article title	INFORMATION TECHNOLOGIES: DRIVING FORCE OF NEW ECONOMY
Authors	Radislav Jovović
Category	Economics
Article type	Science Article	JEL Classification	D83; O33
Abstract	Today, information technologies are increasing in speed, power, and sophistication, and they now can link together a vast array of devices into a network that spans the globe. They offer new ways of learning, working, and playing, as well as conducting global business. Some contend that these changes are revolutionary and will change the world; others argue that the changes are evolutionary. In this paper I take the view that these changes are neither revolutionary nor evolutionary but driving force of new economy. It is reasonable to research phenomena which have created a new world emerging, new economy through technological innovation, enhance economic performance and link the world at the global level. This paper is devoted relationships between information technologies, changes and its influence on society and economy. The adequate paradigm which is the most suited to a new economy is analised.
Key words	New Economy, Information Technologies, Netware, Infrastructure, Globalization
Literature	Agre.E. and Rotenberg M. (editors), 1997. Technology and Privacy: The New Landscape. Cambridge, Mass.: MIT Press. Arthur, W. B., 2000, Myths and Realities of the High-Tech Economy, Talk given at Credit Suisse First Boston Thought Leader Forum, Sep 10, 2000 Berghel, H., 1997a. "Cyberspace 2000: Dealing with information overload," Communications of the ACM, volume 40, number 2, pp. 19-24. Berghel H., 1997b. "E-mail - the good, the bad, and the ugly," Communications of the ACM, volume 40, number 4, pp. 11-15. Birnbaum, J., 1997. "Pervasive information systems (The Next 50 Years: Our Hopes, Our Visions, Our Plans)," Communications of the ACM, volume 40, number 2, pp. 40-41. Borgman, C.L., Hirsh, S.G., and Hiller, J., 1996. "Rethinking online monitoring methods for information retrieval systems: From search product to search process," Journal of the American Society of Information Science (ASIS), volume 47, number 7, pp. 568-583. Bowker, G., Star S.L., Turner W., and Gasser L. (editors), 1996. Social Science, Technical Systems, and Cooperative Work: Beyond the Great Divide. Hillsdale, N.J.: Lawrence Erlbaum. Drašković, Veselin (2002), Kontrasti globalizacije, Beograd-Kotor: Ekonomika i Fakultet za pomorstvo. Hicks, John. "'Revolutions' in Economics," in John Hicks, Classics and Moderns, Collected Essays, Vol. III. Cambridge: Harvard University Press, 1983, pp. 3-16. Hillis, D., 1997. "A time of transition," Communications of the ACM, volume 40, number 2, pp. 37-39. Jovovic, R, 2005, The Distinct Differences Between Old and Emerging Economy, Montenegrin Journal of economics, N 1 Krugman, Paul, 1991, "Increasing Returns and Economic Geography," Journal of Political Economy, June, 99(3), 483-499. Nakamura, I. Leonard, (2000) "Economics and the New Economy", Business review, July/ Avgust, p. 15-27 Measuring Growth Wrong," Federal Reserve Bank of Philadelphia Business Review, March/ April. Nelson, Richard R. and Sidney G. Winter, 1982, An Evolutionary Theory of Economic Change, Cambridge: Harvard University Press. Nelson, Richard R., 1992, "U.S. Technological Leadership: Where Did It Come From and Where Did It Go?, in F.M. Scherer and M. Perlman, eds, Entrepreneurship, Technological Innovation and Economic Growth: Studies in the Schumpeterian Tradition, Ann Arbor: University of Michigan Press, 25-50. Nelson, Richard R., 1995, "Co-evolution of Industry Structure, Technology and Supporting Institutions, and the Making of Comparative Advantage," International Journal of the Economics of Business, 2(2), 171-184. Neumann, Manfred, 1993, "Review of Entry and Market Contestability: An International Comparison," International Journal of Industrial Organization, 11(4), 593-594. Stiglitz, Joseph E., 2000, Globalization and Its Discontents, Prenguin Book. Olson, Mancur, 1982, The Rise and Decline of Nations: Economic Growth, Stagflation and Social Rigidities, New Haven, CT: Yale University Press. Pontin, J.,1998. "The post-PC world. The new era of ubiquitous computing," Red Herring, number 61 (December), pp. 50-66, passim. Rogers, E.M., 1983. Diffusions of Innovations. Third edition. New York: Free Press. Star S.L. and Ruhleder K., 1996. "Steps towards an ecology of infrastructure: Design and access for large information spaces," Information Systems Research, volume 7, number 1, pp. 111-134. Schumpeter, Joseph A., 1942, Capitalism, Socialism and Democracy, New York: Harper and Row. Varian, Hal, 1999, Information Rules, Harvard Business School Press Williamson, Oliver, 1968, "Economies as an Antitrust Defence: The Welfare Trade-offs," American Economic Review, 58(1), 18-36. Wired editors, 1997. "Kiss your browser goodbye" The radical future of media beyond the Web," Wired, volume 5, number 3 (March), pp. 12-23.
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Milorad Jovović, Bojana Femić

PERCEPTIONS AND CONSUMER BEHAVIOUR

Article title	PERCEPTIONS AND CONSUMER BEHAVIOUR
Authors	Milorad Jovović, Bojana Femić
Category	Economics
Article type	Science Article	JEL Classification	D12; M31
Abstract	Marketers' success in influencing purchase behaviour depends in large part on how well they understand consumer behaviour. They need to understand how consumers gather information regarding various alternatives and use this information to select among competing brands. Knowledge of how consumers acquire and use information from external sources is important to marketers in formulating communication strategies. The main point of this paper is to show results of the survey regarding consumer purchase behaviour when they buy commodities that they use almost every day and that have a low value. As a model we used 1100 examinees from nine montenegrin towns, from all three regions. At the same time, the aim was to show positioning of montenegrin products and consumers' attitude toward them.
Key words	Consumer Behaviour, Competing Brands, Survey, Domestic Products.
Literature	Arnould Eric, Price Linda, George M. Zinkhan, Consumers, McGraw-Hill/Irwin, 2001. Bearden William, Ingram Thomas & La- Forge Raymond, Marketing, princples & perspectives, 3rd ed., McGraw-Hill/Irwin, 2001. Keller Kevine Lane, Strategic Brand Managament, New Jersey, Prentice Hall, 2003. Kotler Philip, Marketing Management, Millenium Edition, Prentice-Hall, Inc., 2002. Michael R. Solomon, Gary Bamossy, Saren Askegaard, Consumer Behaviour, 2nd Ed., Prentice Hall. Proctor Tony, Essentials of Marketing Research, Fourth Edition, FT Prentice Hall, 2005. Quelch, John, How to market to costumers, John Wiley & Sons Inc., USA, 1989.
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Mimo Drašković

CLASTERIZATION AS A COMPONENT OF THE GLOBAL COMPETITION

Article title	CLASTERIZATION AS A COMPONENT OF THE GLOBAL COMPETITION
Authors	Mimo Drašković
Category	Economics
Article type	Science Article	JEL Classification	F23; L22
Abstract	The process of globalization is taking place in the conditions of constant technical growth, in which digital component of global competition favors efficient production and advantages. The spectrum of global competition spreads fast through different modalities. In the past, the especially evident one was virtualization of network structures (legal an illegal), that functions under the power of economic and non-economic methods. The aim of the work is to illustrate the importance of cluster phenomena, cluster way of functioning, and presumption of their existence.
Key words	Competitive Advantage, Clasterization, Networking.
Literature	1. Afanasjev, M. i Mjasnikova, L. (2005), "Mirovaja konkurencija i klasterizacija ekonomiki", Voprosi ekonomiki No 4, 75-87. 2. Davidov, W. and Malone, M (1992), The Virtual Corporation: Structuring and Revitalizing the Corporation for the 21st Century, New York: Harper Collins. 3. Drašković, Veselin (2004), "Mrežno poslovno povezivanje kao megatrend i nova menadžment strategija", Ekonomika preduzetništva br. 2, 126-9. 4. Porter, M. E. (1990), The Competitive Adventage of Nations, London: The Macmillan Press Ltd. 5. Thompson, A. and Formby, J. (1993), Economics of the Firm, New York, Prentice- Hall, Englewood Clifs. 6. Movsesjan, A, Ognivcev, S. (1999), "Transnacionalnij kapital i nacionalnije gosudarstva", Mirovaja ekonomika i meždunarodnije otnošenija No 6, ss. 55-63.
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Tatjana Ivanović

CATEGORY MANAGEMENT IN FUNCTION OF CREATING NEW ORGAORGANISATION

Article title	CATEGORY MANAGEMENT IN FUNCTION OF CREATING NEW ORGAORGANISATION
Authors	Tatjana Ivanović
Category	Economics
Article type	Science Article	JEL Classification	F23; L22
Abstract	This article gives an overview of the recent developments in category management. The study lead to a better understanding of the intricacies and comprehensiveness of category management and shows that it encourage development on the retail's and on the producer's side . Although the concept is the same, in practice there are a large number of differences to be found. Accoridngly, it is shown importance of category manager and complexity of this activity. It was insight comunication development between producers and retails through time. Because of its importance and compexity, it was showed necessry educations, activities and abilities of category managers.
Key words	Category Management, Category Manager, Product Category, Retails, Producers, Customer
Literature	Andriesse, F. G. (1993), Category management als wenkend perspectief, Tijdschrift voor Inkoop en Logistiek, jrg. 10, No 3, pp. 41-44. Blattberg, R.C. (1995), Category Management, Guides 1-5, Food Marketing Institute, Washington. Coca Cola Report (1992), A Study Cconducted by Andersen Consulting: Grocery Distribution in the 90's, strategies for fast flow replenishment, project 3. Laureys, G. (1995), "Measuing Consumer Involvment Profiler", Journal of Marketing Research, Vol. 22, pp. 40-47. GEA Consulting Group (1994), A Study Conducted for Coca Cola, Grocery Distribution in the 90's, strategies for fast flow replenishment, project 4. Harlow, P. (1994), "Category Management: a New Era in FMCG Buyer-Supplier Relationships", Journal of Brand Management, Vol. 2, No 5, pp. 289-295. Harris, B. and McPartland, M. (1995); Category management defined; what it is and how it works", Progressive Grocer, September, pp. 5-8. Nielsen, A. (1992); Category Management, Positioning Your Organisation to Win; NTC Business Books. ________(1994), Category Management Workshop, Delphy Symposium "Partnership" Pellet, J. (1994b), "KMart's category approach", Discount Merchandiser, Vol. 34, No 5, pp. 118-120. Van der Ster, W. (1993a), Category Management: inkoop nieuwe stijl, Tijdschrift voor Marketing, juni, pp. 15-19. _____________ (1993b), Partnershipping; de volgende fase in de relatie detaillist-leverancier; Tijdschrift voor Marketing, Oktober, pp. 10- 15.
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