VALUATION OF ECONOMIC AND SOCIAL DEVELOPMENT OF THE COUNTIES BROD-POSAVINA AND POZEGA-SLAVONIA THROUGH EU FUNDS

Visnja Bartolovic () and Tomislav Kovacevic ()
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Visnja Bartolovic: College of Slavonski Brod, Republic of Croatia
Tomislav Kovacevic: PhD student of Management, Postgraduate University Study, Faculty of Economics in Osijek

Interdisciplinary Management Research, 2015, vol. 11, 1041-1051

Abstract: The best way to interpret the global economy of today is by using the concepts of networking in the commodity and service trends, continuity of developmental changes, development of information technology, and the complexity and dynamism of economic relations. The importance of adapting the local economies to the global business trends is growing rapidly. In this context the support of the government to the local community is becoming more and more important, which is reflected in recognizing the needs of key stakeholders and the creation of local development policies. The key for regional development at the local level has become the networking of stakeholders, identifying development priorities and drafting and implementation of key strategic development documents. Public, private and civil sector are powerful levers in the development of local communities through partnership in setting the priority development goals, which are embedded in the County Development Strategy. This partnership and the mutually supportive approach is the result, at the national level, of a relatively new strategic thinking in which the importance of the local community is recognized by contributing to the strengthening of the private, civil and public sectors. EU funds in this respect represent the support for achieving local development goals. The aim of this paper is to evaluate the contribution of EU funds to the economic and social development of the counties Brod-Posavina and Pozega- Slavonia in the period from 2011 to 2013 and to provide a look at the wider context of the current moment by analysing the key development indicators. The intention of the above is to give a fuller picture of the current state and an indication of future development needs.

Keywords: Economic-social development; European Union funds; the County Development Strategy; the county of Brod-Posavina; the county of Pozega-Slavonia (search for similar items in EconPapers)
JEL-codes: F63 I25 O1 (search for similar items in EconPapers)
Date: 2015
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