Antanas Buračas

Metaeconomic Approaches in Global Management

The metaeconomic approaches in management (MEM) are directly interconnected with modern multiple criteria assessment techniques and important for managing the sustainable socioeconomic development, evaluating the competitiveness risk and sophisticated neuromethods in finance investing etc. In particular, new MEM approaches to global talent competitivity permit to apply them productively as criteria for distributing investments in knowledge and competencies with account of synergetic motivation. For this purposes the taxonomical structurization of the MEM was reviewed. The social criteria and tasks may be arranged with account of changing normative (or minimax) functions detailing admitted hierarchies of preferences at various periods of development. Some specific MEM concepts, including utility functions and multicriteria scoring, are widely applied by the WEF, INSEAD and/or international assessments of global competitiveness, global innovations, IT, and global talents and/or indices, also in financial analytics.

Global Competitiveness of World Superpowers: Education, Talents and Innovations

The study below evaluates the impact of knowledge determinants on global competitiveness of the USA, Japan, China and India based on multiple criteria assessment methodology and their empirical evaluation. The indices for complex evaluations are determined mostly by the global education and innovation parameters published in the international comparisons. Their comparative assessment promotes the effective resource distribution and investment policy both in education and innovative business. It is important to discuss the reliability of criteria determining the impact of abilities, talents and productive innovations development on the economic competitiveness. The multiple criteria evaluation is focused on the education and innovation interdependencies with global output determinants as well as other criterial systems used for the education and innovation strategies and their comparative evaluations.

Managing Global Competitiveness: Impact of Talents on Innovations in Baltic States

The paper discusses the impact of global talent competitiveness (GTC) on managing the regional economic competitiveness. The complex evaluation and comparative assessment of GTC is a basis for effective knowledge resource distribution and investment into intellectual economic policy. Some conclusions concerning comparative evaluations of GTC and their impact on innovations in the Baltic States are presented.

Logistic Approach to Some Paradoxes in Financial Markets

The cyclic development of economy (from upturn to downturn) influences the important macroeconomic factors – gross domestic product, inflation, level of unemployment, rate of interest etc. Structural economic problems today are those that are not merely due to the normal business cycle, but are the result of more fundamental changes. Saturated markets initiate the operation of recently discovered yet for a long time operating problematic economic paradoxes: the paradox of growing returnability and the paradoxes of debt trap. These paradoxes occur exclusively in the saturated markets and cause the majority of economic problems including overproduction and economic bubbles. The aim of the paper is to apply logistic capital growth models for the analysis of economic paradoxes having direct impact on economic crisis. Seeking to achieve this aim the following tasks were developed: to reveal some aspects how the economic paradoxes do operate in economy (in general) and finance markets (in particular). The paper applies the logistic curves to deepen the understanding of markets’ capacity limitations, and the formation of mechanism of cyclical fluctuations management.

Integrated multicriteria assessment of the company’s finance management

The study is dedicated to the principles and technique of integrated efficiency assessment of company’s finance management based on a set of essential financial indices that developed on the basis of a multiple criteria evaluation methodology oriented to the MCDM system. This technique is focused on allowing the various weights of primary and partially criteria in the common evaluation system.