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Impact Analysis Of Economic Parameters On Social Development

Author

Listed:
  • Goran Sucic

    (Faculty of Humanities and social sciences University in Split)

  • Zeljko Pozega

    (Faculty of Economics in Osijek)

  • Boris Crnkovic

    (Faculty of Economics in Osijek)

Abstract

Countries in the world generally don’t have clear policy or suffi ciently understanding of investing importance in people and their potential. Today, human factor is of too little importance, although thr country that invest in people, raising their motivation, knowledge and teamwork, provide much higher rate of return and more equitable growth structure than is the case with investments in buildings, machinery and equipment. Th e process, therefore, in many countries of the world is going wrong and should be reversed, instead of current priority investments in tangible assets, much more should be invest in human resources, and less in physical capital, at the same time and without ignoring its importance.

Suggested Citation

  • Goran Sucic & Zeljko Pozega & Boris Crnkovic, 2015. "Impact Analysis Of Economic Parameters On Social Development," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 11, pages 274-285.
    • Handle: RePEc:osi:journl:v:11:y:2015:p:274-285
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    More about this item

    Keywords

    economic development; human development; countries in the world;
    All these keywords.

    JEL classification:

    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs

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