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By investing in research and development, Bosnia and Herzegovina can achieve a competitive advantage in the market and play an important role in supporting research and development, because it can facilitate investments through tax policies and measures, cooperation between science, the state and companies, etc. It is important to note that all attempts to support stronger investments in research and development are fully justified, as they lead to economic growth and technological progress to Bosnia and Herzegovina. However, it is important that incentives are created in a way that not only implies investment growth, but also ensures their efficiency. More plastically, it is not only important how much will be invested in R&D, but also how, that is, what exactly will be invested in. Using theoretical models, numerous empirical studies have been conducted that examine the importance of investment in research and development and their impact on economic growth (GDP growth). Such empirical research differs in the selected variables, the type of statistical analysis and the results. The paper uses regression analysis models for selected macroeconomic indicators in the observed period. The aim of the research is to assess the effects of selected macroeconomic factors, especially the impact of investment in research and development on the growth of gross domestic product (dependent variable), and to answer the question whether investment in research and development (GERD) in Bosnia and Herzegovina is satisfactory?

Research on improvements effectiveness of corporate governance mechanisms is a very complex research topic in the field of corporate governance, as well as strategic management. Different theoretical models and empirical results indicate the interdependence of corporate governance mechanisms and procedures within strategic decision-making. However, tradition and research to date indicate that a range of different approaches to corporate governance are evolving around the world. In practice, it is known that there is no single and always optimal choice of corporate governance model, as it depends on legal regulations, institutional frameworks and traditions of the country. However, all of them have in common that there is a high priority that works to increase the interest of shareholders in company, that the shareholders' funds can be used efficiently and wisely. Practice has shown that the regulatory and legal framework of most countries in transition did not have enough time to develop and adapt to the needs of privatization, which significantly affected its course and results. With progress in implementing reform processes, transition countries have constantly innovated privatization models. At the same time, each of them has developed a relatively specific model of property transformation, in accordance with the characteristics of the economy and the political situation. The importance of the privatization process in transition countries is reflected in increasing the efficiency of the economy, building the foundations for the introduction of a market economy and increasing government revenues. The main goal of the research, in this paper, is to analyze the results of the privatization process so far, emphasizing the advantages and disadvantages of this process, ie pointing out the positive experiences and key limitations with which countries in transition were faced during the implementation of the privatization process, which influenced the profiling of their business environment.

With the Fourth Industrial Revolution (4IR), humanity has entered a new stage of development. The 4IR has become a reality for millions of people around the world, creating new business opportunities, governments and individuals. Nevertheless, it threatens the new political disagreements and contradictions within and between economies and societies. The combination with rising inequalities and geopolitical turmoil has stirred citizens' concerns about globalization and has provoked divided political opinions. Although world economic growth has been stronger over the past two years, the situation in the current changing economic and political context remains fragile. The World Economic Forum introduced the new Global Competitiveness Index 4.0 (GCI), a highly needed compass, based on a 40-year long experience of analyzing long-term competitiveness drivers. The results of the global competitiveness index provide impartial information that enables leaders in the public and private sectors to better understand and shape their strategies in the era of the fourth industrial revolution. The paper presents a detailed profile of the economy of Bosnia and Herzegovina as well as tables with global ranking data with all indicators. Using quantitative methods and data from survey surveys, the Competitiveness Report ranks countries based on a combination of 98 indicators grouped in 12 pillars of competitiveness.

New information and communication technologies have found their applicationin all fi elds of activity (manufacturing, construction, wholesale and retail, transport andstorage, information and communication, education, health care and social care andother activities). CAD / CAM applications are used in the industry for design, prototyping,fi nished products and realization of production programs, and in service activitiessuch as health care-dentistry is a process that achieves the fi nal treatment of the teeththrough fi ne grinding of fi nished ceramic blocks in order to achieve more effi cient work.CAD / CAM technology essentially allows the creation of two-dimensional, three-dimensional,fi ve-dimensional models and their materialization with numerically controlledmachines. In order to function more effi ciently, reduce costs, increase the effi ciency of theprocessing industry and services, achieve customer satisfaction and ultimately make aprofi t, many companies and dental offi ces in the world have focused on the implementationof modern IT solutions in everyday practice. From dedicated ceramic blocks, a dentistcan quickly provide a service (precise bridging and crown compensation) using CAD/ CAM technology (computer assisted-designed / computer-assisted production). The advantagesof this technology are presented in this paper. There are many systems likePoverMill, PoverShape, DeskProto 3D CAM, DeskProto V 7.0 in the industry as well asCercon, Celai, Cerec, Lava, Everest, which represent the imperative of modern dentistry.

Nove Informaciono-komunikacione tehnologije pronašle su svoju primjenu usvim područjima djelatnosti (prerađivačka industrija, građevinarstvo, trgovina na velikoi na malo, prevoz i skladištenje, informacije i komunikacije, obrazovanje, zdravstvenazaštita i socijalna briga i druge djelatnosti). CAD/CAM aplikacija se koriste u industrijiza projektovanje, izradu prototipova, gotovih proizvoda i realizaciju proizvodnih programa,a u uslužnim djelatnostima kao što je zdravstvena zaštita-stomatologija je proceskojim se postiže završna obrada zuba kroz fi no mljevenje gotovih keramičkih blokova radipostizanja efi kasnijeg rada. CAD/CAM tehnologija u suštini omogućava kreiranje dvodimenzionalnih,trodimenzionalnih, petodimenzionalnih modela i njihovu materijali-zacijunumeričkim kontrolisanim mašinama. Da bi efi kasnije funkcionisali, smanjili troškove,povećali efi kasnost prerađivačke industrije i usluga, postigli zadovolјstvo korisnika- pacijentai na kraju ostvarili profi t, mnoge kompanije i stomatološke ordinacije na svijetuusmjerile su pažnju na implementaciju savremenih IT rješenja u svakodnevnoj praksi. Odnamjenski izgrađenih keramičkih blokova stomatolog može vrlo brzo pružiti uslugu (preciznanadoknadu u vidu mostova i krunica) koristeći CAD/CAM tehnologiju (računarsko--pomoćno-dizajnirani / kompjuterski podržanu proizvodnju). Prednosti ove tehnologijesu predstavlјene u ovom radu. Postoje mnogi sistemi poput PoverMill, PoverShape,DeskProto 3D CAM, DeskProto V 7.0 u industriji kao i Cercon, Celai, Cerec, Lava, Everest,koji predstavlјaju imperativ moderne stomatologije.

It is known that the economic stability and economic development of each economy depends on the free movement of capital. The international movement of capital has its balance of payment when capital export represents economic surplus in relation to consumption of the national economy and the import of capital represents an increase of consumption in regard to the output of a national economy. The paper is analyzed of the influence of foreign direct investment (FDI) on economic growth of the host country, among other things, is emphasized in the function of the achieved phase of its economic development. The aim of this paper refers to an attempt to indicate the significance and the role of FDI as well as the importance of attracting foreign direct investment in B&H and the determination of the effects of FDI on the economy of B&H. We will try to prove it, i.e. to determine the degree of impact of FDI on some macroeconomic indicators in B&H (GDP, import, export, unemployment) by using IBM SPSS v.22 statistical analysis program (model) and applying the methods, calculating coefficients of correlation and regression analysis. In other words, we will determine the analytical expression used to describe a statistical relationship of these macroeconomic categories.

Danas, organizaciono-poslovni sistemi i procesi, tehničko-tehnološki sistemi, biološkisistemi i drugi sistemi koji se odvijaju u dinamičnim uslovima i intezivnim promjenama,izloženi su svakodnevnim problemima koje nazivamo promjene.Promjena je opšta pojava koja prati sve vrste sistema od njihovog nastanka pa do samognestanka. U prošlosti brzina i intenzitet promjena su imali znatno manju numeričkuvrijednost, a u današnjem vremenu promjene su znatno brže i intenzivnije. U sadašnjevrijeme u novim okolnostima potrebno je naći rješenje kako optimalno upravljati sistemima iprocesima.Potrebno je projektovati Model upravljanja promjenama tako da se sistem prilagođavapromjenama u okruženju koji će biti dovoljno efikasan i efektivan tj. optimalan. Optimalnokibernetsko upravljanje promjenama podrazumijeva da je sistem proaktivan i da on u nekomstepenu vrši uticaj na okruženje. To podrazumijeva da sistemi ne mogu biti samo adaptivni,već moraju imati praktivni razvojni karakter.Cilj rada je, ukazati na moguće optimalno upravljati integrisanim promjenamaprimjenom tehnologije matematičkog modeliranja, kao i upoznavanje zainteresovanih stranasa istraživačkim rezultatima. U radu su prikazani rezultati istraživanja vezani za problemupravljanja razvojnim sistemima i procesima, a naglasak je stavljen na optimalnoprivređivanje, novu ekonomiju (ekonomija optimum) i nove tehnologije i tehnološke procesekoji nas vode ka optimalnim rješenjima.

Na osnovu analize makroekonomskih kretanja za BiH u prethodnom periodu, kao isagledavanja uticaja ključnih unutrašnjih i vanjskih faktora od kojih zavisi razvoj, urađena jeprojekcija ključnih makroekonomskih pokazatelja za period 2016-2020. godine, kao što su:BDP, realna stopa rasta BDP, prihoda od indirektnih poreza, fiskalnog deficita i njegovoučešće u BDP-u, nivo javne potrošnje kao udio u BDP-u, gornja granica zaduženja s ciljemda se poboljša životni standard svih građana.U radu se posebna pažnja posvećuje faktorima koji utiču na rast BDP-a kao što su direktnastrana ulaganjima u finansiranju globalne ekonomije, i njihovom značaju za razvoj globalneekonomije kao i uticaj direktnih stranih ulaganja na ekonomski razvoj Bosne i Hercegovine,kao i na aktivnosti koje su neophodne kako bi se realizovala povećana ulaganja i smanjilosiromaštvo u projektovanom periodu.

Sa makrostanovišta, investicije su determinanta privrednog razvoja u cjelini, ali i razvoja privrednih subjekata sa mikrostanovišta. Investicije ĉine nezaobilazan element svake ekonomske politike, jer se njihovom realizacijom ostvaruju pretpostavke, ne samo ekonomskog razvoja, već i stabilnosti privrednih i društvenih tokova. Strane direktne investicije predstavljaju veoma znaĉajan oblik u finansiranju globalne ekonomije i najzastupljenije su u finansiranju nacionalnih privredâ zemalja u razvoju i zemalja u tranziciji. Motivi investitora za transfere kapitala u druge zemlje su brojni, pa strane direktne investicije u svijetu kontinuirano rastu. Ekonomija Evropske unije je vodeća svjetska privreda sa najvišim stepenom otvorenosti, kako za uvoz, tako i za izvoz kapitala.U radu je posebna paţnja posvećena i uticaju stranih direktnih ulaganja na ekonomski razvoj Bosne i Hercegovine. Naglasak je stavljen na aktivnosti koje je neophodno sprovoditi kako bi bila realizovana veća ulaganja. Uz korišćenje statistiĉko-kvantitativne analize, u radu je pokazano da je priliv inostranog kapitala osnovna pretpostavka generisanja i akcelerisanja ekonomskog razvoja i da priliv inokapitala ima pozitivan uticaj na ekonomski razvoj Bosne i Hercegovine. Praćenje i analiza razliĉitih instrumenata priliva inostranog kapitala, sa naglaskom na ulaganja u poslovne i slobodne zone i zajedniĉko ulaganje sa inoinvestitorima, nam nedvosmisleno ukazuje na ĉinjenicu da oni imaju razliĉit, ali dokazano pozitivan uticaj na makroekonomske veliĉine u Bosni i Hercegovini.

CAD/CAM (raĉunarom voĊeno dizajniranje / raĉunarom kontrolisana izrada) tehnologija u suštini omogućuje kreiranje dvodimenzionalnih ili trodimenzionalnih modela i njihovu materijalizaciju putem numeriĉki voĊenih mašina. Najvaţniji segment izrade zubnih nadoknada pomoću sistema koji koriste CAD/CAM tehnologiju, predstavlja premjeravanje preparacije zuba u ustima pacijenta ili na radnom modelu. CAD/CAM je akronim od engleskih rijeĉi computer-aided design/computer-aided manufacture, odnosno stomatološki raĉunarski podrţan dizajn i raĉunarski podrţana izrada inleja, onleja, krunica i mostova. U cilju efikasnijeg rada, smanjenja troškova, povećanja zadovoljstva kod korisnika-pacijenta i konaĉno ostvarenja profita, mnoge stomatološke ordinacije u svijetu su njihovu paţnju bile usmjerile na implementaciju savremenih IT rješenja u svakodnevnoj praksi. Pored specijalizovanih softvera za upravljanje ordinacijom, upravljanje zalihama i sliĉno ili hardvera poput upotrebe lasera u estetskoj stomatologiji ili intraoralnih kamera, u skorije vreme na znaĉaju dobija i primjena CAD/CAM tehnologije na polju protetike. Brojni istraţivaĉi su prezentovali razliĉite pristupe metodi 3D skeniranja preparacije zuba. Najvaţnije osobine zbog kojih su optiĉke metode izrasle u lidera 3D skeniranja su: visoka preciznost, široko polje i brzina skeniranja, kao i ergonomija samog instrumenta. U radu su prikazane prednosti korišćenja ove tehnologije, kao i zadovoljstvo pacijenata i stomatologa korišćenjem sistema kao: Cercon, Celay, Cerec, Lava, Everest, koji predstavljaju imperativ u savremenoj stomatologiji u kreiranju fiksnih nadoknada zuba.