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Megatrend Review Vol.7 Vol. 7 (1) 2010 Vol. 7 (1) 2010 • UDK 33 • ISSN 1820-4570 Contents Global Economy 1-46 Economic Policy and Development 47-102 Economy of Regions 103-192 Management and Marketing 193-208 Business, Analysis and Planning 209-330 Expert Articles 331-374 Book Reviews 375-386 The international review review megatrend of applied economics megatrend review Megatrend University, Belgrade Megatrend Review The international review of applied economics Vol. 7 (1) 2010 Megatrend University, Belgrade Megatrend Review The international review of applied economics Vol. 7 (1) 2010 Published by: For publisher: Megatrend University Nevenka Trifunović Publishing director: Dragan Karanović Editorial board: Professor Mića Jovanović, PhD, President - Megatrend University, Belgrade Professor Dragana Gnjatović, PhD, Vice-President - Megatrend University, Belgrade Professor Jean Jacques Chanaron, PhD - Grenoble Ecole de Management, France Professor Sung Jo Park, PhD - Free University, Berlin, Germany Professor Ioan Talpos, PhD - West University of Temisoara, Romania Professor Dagmar Lesakova - University of Economics Bratislava, Slovak Republik Professor Norbert Pap, PhD - University of Pécs, Hungary Žarko Lazarević, PhD - Institute for Contemporary History, Ljubljana, Slovenia Professor Slobodan Pajović, PhD - Megatrend University, Belgrade Professor Janko Cvijanović, PhD - Megatrend University, Belgrade Professor Momčilo Milisavljević, PhD - Megatrend University, Belgrade Professor Oskar Kovač, PhD - Megatrend University, Belgrade Professor Mijat Damjanović, PhD - Megatrend University, Belgrade Professor Mirko Kulić, PhD - Megatrend University, Belgrade Professor Veljko Spasić, PhD - Megatrend University, Belgrade Professor Dragan Kostić, PhD - Megatrend University, Belgrade Professor Milivoje Pavlović, PhD - Megatrend University, Belgrade Professor Jelena Bošković, PhD - Megatrend University, Belgrade Professor Slavoljub Vukićević, PhD - Megatrend University, Belgrade Professor Momčilo Živković, PhD - Megatrend University, Belgrade Professor Vladimir Prvulović, PhD - Megatrend University, Belgrade Professor Srbobran Branković, PhD - Megatrend University, Belgrade Professor Aleksandar Ivanc, PhD - Megatrend University, Belgrade Professor Vesna M. Milanović, PhD - Megatrend University, Belgrade ISSN 1820-4570 Adress: Megatrend Review UDK 33 Goce Delčeva Street 8, 11070 Belgrade, Serbia The review is published twice a year in Serbian Tel: +381 11 220 30 61 and twice a year in English language. Fax: +381 11 220 30 47 All papers have been reviewed. E-mail: [email protected] Editorial staff Editor-in-chief: Professor Dragana Gnjatović, PhD Guest editor: Professor Norbert Pap, PhD Editor: Professor Nataša Cvetković, PhD Members: Professor Maria de Monserat Llairó, PhD - Faculty of Economic Sciences, Buenos Aires University, Argentina Professor Laura Ruis Jimenez, PhD - University Institute Hose Ortega y Gasset, Complutense University of Madrid, Spain Professor Jana Lenghardtová, PhD - The University of Economics, Bratislava, Slovakia Professor Vladimir Davidov, PhD - Institute for Latin America, Russian Academy of Sciences, Moscow, Russia Professor Marija Mojca Terčelj, PhD - Faculty of Humanities, University of Primorska, Koper, Slovenia Professor Vladimir Grbić, PhD - Megatrend University, Belgrade Professor Ivica Stojanović, PhD - Megatrend University, Belgrade Professor Dušan Joksimović, PhD - Megatrend University, Belgrade Professor Gordana Komazec, PhD - Megatrend University, Belgrade Professor Živko Kulić, PhD - Megatrend University, Belgrade Professor Božidar Leković, PhD - Faculty of Economics Subotica, University of Novi Sad Snežana Grk, PhD, Principal Research Fellow - Institute of Social Sciences, Belgrade Professor Vesna Aleksić, PhD - Megatrend University, Belgrade Secretary & Serbian language editor: Irina Milutinović Technical editor: Ana Dopuđa Cover design: Milenko Kusurović The financing of journal edition has been supported by The Ministry for Science and Technological Development of The Republic of Serbia. The Library of Congress Catalog Megatrend review: the international review of applied economics. LC Control No.: 2007201331 Type of Material: Serial (Periodical) Uniform Title: Megatrend Revija. English. Main Title: Megatrend review : the international review of applied economics. Published/Created: Belgrade : ill. ; 24 cm. Description: v. : Megatrend University of Applied Sciences, [2004]- Year 1, no. 1 (’04)- ISSN: 1820-4570 CALL NUMBER: HB1 .M44 CIP - Katalogizacija u publikaciji Narodna biblioteka Srbije, Beograd 33 MEGATREND Review : the international review of applied economics / Editor-in-Chief Dragana Gnjatović. - Year 1, no. 1 (2004) - Belgrade (Goce Delčeva Street 8) : Megatrend University, 2004. - 24 cm Dva puta godišnje. - Prevod dela: Megatrend revija = ISSN 1820-3159 ISSN 1820-4570 = Megatrend review COBISS.SR-ID 119185164 “Megatrend Review” is registered in The International Bibliography of the Social Sciences (IBSS) produced by the London School of Economics and Political Science since May 17th, 2007. *** “Megatrend Review” is registered as the leading scientific review of national interest (M 51), by settlment of the Board of Social Sciences, Ministry of Science of Republic of Serbia, on May 14th, 2009. CONTENTS EDItoRIAL GUest EDItoR’S WORD GLOBAL ECONOMY Lecturer László Békési, PhD International Studies Institute and International Business School, International Relations Department, Budapest Corvinus University CYCLES OF HUNGARIAN NATIONAL IDENTITY AND ECONOMY ON RAIL 1 Original scientific paper Professor Dragana Gnjatović, PhD Megatrend University, Belgrade Ana Jovancai, M.A. Faculty of International Economy, Megatrend University, Belgrade INSTABILITY OF FINANCIAL MARKETS AS A CAUSE OF THE GLOBAL FINANCIAL CRISIS - THE MINSKY MOMENT - 17 Scientific review paper Assistant Professor Sanja Vučković, PhD Faculty of Business Studies, Megatrend University, Belgrade FINANCIAL MARKET REGULATION AFTER THE GLOBAL ECONOMIC CRISIS 29 Original scientific paper ECONOMIC POLICY AND DE V E LO P M E NT Associate Professor Mária László, PhD Department of Political Geography and Regional Development, Institute of Geography, University of Pécs Research Fellow Anita Szebényi Department of Political Geography and Regional Development, Institute of Geography, University of Pécs THE ECONOMIC INSTRUMENTS OF LOCAL GOVERNMENT IN HUNGARY 47 Original scientific paper Professor Andrea Panzarola, PhD Associate Professor of Civil Procedure Law LUM Jean Monnet University of Casamassima, Bari, Italy NOTORIOUS FACTS IN ITALIAN LAW 69 Original scientific paper Professor Giorgio Spangher, PhD Roma La Sapienza University LUM Jean Monnet University of Casamassima, Bari, Italiy EvoLUTIon AND InvoLUTIon of the PRovISIonAL system 85 Original scientific paper Vol. 7 (1) 2010 vi Contents ECONOMY OF Reg IONS Tamás Hardi, PhD, Associate professor and Research Fellow Center for Regional Studies, West-Hungarian Research Institute, Hungarian Academy of Sciences FEATURES OF BORDER REGIONS, TRANS BORDER CO-OPERATION AND MOVEMENTS ACROSS THE HUNGARIAN-SLOVAKIAN BORDER 103 Original scientific paper Assistant Professor Remenyi Peter, PhD Department of Political Geography and Regional Development, Institute of Geography, University of Pécs INTERNATIONAL INSTITUTIONAL CO-OPERATIONS IN THE BORDER AREAS OF HUNGARY AND SERBIA 119 Scientific review paper Associate Professor Norbert Pap, PhD Department for Political Geography and Regional Development, Institute of Geography, Faculty of Sciences, University of Pécs Assistant Professor Bernadett Szabó-Kovács, PhD Department for General and Applied Environment Geography Institute of Geography, Faculty of Sciences, University of Pécs THE IMPORTANCE OF MICRO-REGIONAL ORGANISATIONS/ASSOSIATIONS IN HUNGARY 141 Original scientific paper Assistant Professor Nataša Stanojević, PhD Faculty of International Economy, Megatrend University, Belgrade Jelena Batić, M.A. Faculty of International Economy, Megatrend University, Belgrade QUANTITATIVE ANALYSIS OF SERBIA’S EXPORT POTENTIAL TO NORTH AFRICAN COUNTRIES 163 Original scientific paper Scientific Associate Dragan Đukanović, PhD Institute for International Politics and Economy, Belgrade ECONOMIC COOPERATION OF SOUTHEAST EUROPEAN COUNTRIES WITHIN THE REGIONAL COOPERATION COUNCIL 181 Scientific review paper MANA ge M E NT AND MA R K E TIN G Professor Bojan Ilić, PhD Faculty of Organizational Sciences, Belgrade University, Belgrade Professor Vesna Milićević, PhD Faculty of Organizational Sciences, Belgrade University, Belgrade Professor Nataša Cvetković, PhD Faculty of Business Studies, Megatrend University, Belgrade STRATEGIC COST MANAGEMENT AND THE PRODUCT LIFE CYCLE CONCEPT 193 Original scientific paper Megatrend Review Contents vii BUSIN E SS , ANALYSIS AND PLANNIN G Zoltán Dövényi, Dsc Geographical Research Institute of the Hungarian Academy of Sciences, Budapest Anita György-Dávid Institute of Geography, Faculty of Sciences University of Pécs Gábor Szalai Institute of Geography, Faculty of Sciences University of Pécs STRUCTURAL AND SPATIAL CHARACTERISTICS OF EMPLOYMENT IN HUNGARY 209 Original scientific paper Gábor Michalkó, PhD, Senior Research Fellow Geographical Research Institute, Hungarian Academy of Sciences Professor Tamara Rátz, PhD Kodolányi János University College Associate Professor Márta Bakucz, PhD Faculty of Business and Economics, University of Pécs A THEORETICAL JOURNEY ALONG THE BORDERS BETWEEN WELFARE AND WELL-BEING: ECONOMIC ASPECTS BASED ON OBSERVATIONS
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