Journal of Security and Sustainability Issues

The article aims to present financial analysis in determining the possibilities of human capital development, i.e., increase in the value of an enterprise through development of human capital. The market value of an enterprise is to a large extent dependent on its intellectual capital, including human capital. It may be said that human capital constitutes a ground for an enterprise’s development through work, creativity in operation, adjustment to a fast-evolving environment. Emphasizing the importance of the above content, as “hidden” assets of the enterprise, human capital is not fully included in the company’s financial reporting. Despite the often enormous intangible contribution into preparation, use of complex methods for selecting the right employees, implementation of an incentive system, performance evaluation and staff development, organizational procedures that absorb a series of activities to ensure growth of the company’s value and which should be included in its financial statements, are underestimated.

National security and sustainability are the main priority of any state. Therefore the Republic of Lithuania as well as any other state follows its National Security Strategy which establishes the interests of national security, directions of its evolution, the security and defence policy in general, means and types of risk factors and threats to the national security. This study investigates the issues of legal preparation in the military high school. The topical issues directly related to the national defence and security which arise in the run of the training course for the military, especially junior leaders at the institution of higher education in the sphere of providing them with the basic legal knowledge, are presented and examined in the article. In the process of training and upbringing of a junior leader more attention is paid to their professional skills and competencies, and a leader’s and subordinate’s personality, therefore, a system of legal preparation and training provided for students of this kind of educational institutions, its role and degree of influence on personal qualities of a future leader have not yet been studied and described in scientific publications. The above mentioned observations determined the rationale for choosing the topic for the research paper. Its relevance is without doubt. It has been concluded that a leader who is politically correct and competent in the legal sphere can ensure that the decisions made are well-reasoned, consistent and adequate, and they are aimed at the elimination of possible disagreements which might emerge in the sphere of human resource management, management of military units in the run of resolving their daily tasks, holding negotiations at any levels, as well as enhancement of the army’s defensive power in general.

In the Middle East, vast oil reserves led to economic modernization and prosperity in the region. However, it is one of the most conflict-prone regions. This paper studies the relationship between military spending, oil and development in Middle Eastern countries using a panel data fixed effect for country-level observations over the period 1986–2016. The relationship between development and conflict will not be uniform throughout the region. Therefore, to test this hypothesis, the study categorized oil exporting countries into three parts that are countries with above average oil export, below average oil export and no oil export. The estimates show a significant reduction in military spending over time and the most declines were observed in the countries where oil export is above average than the Middle East. The results indicate a significant inverse relationship between the military spending with exports and oil rents in overall Middle East analysis and for countries whose average oil export is greater than the Middle East. It is also found that the military burden adversely affects economic growth across all the model specification. However, military spending is declining over time which indicates that there is a reverse causality between development and conflict. It is crucial finding in the context of peace and development literature.

The essence of economic and social security as a national and supranational category has been substantiated. The influence of political, economic and social factors on the condition of national and European security has been investigated. Priorities of the economic component of security have been defined: energy security, foreign trade and innovation-investment security, social security. The dialectical interrelationships of economic and social security have been established. The trends in economic and social security have been defined.

A possible sustainable growth of the financial sector due to the development of activity of credit unions is being examined in this paper. Moreover the analysis of contemporary credit unions conceptions and problems of management improvement are performed. In addition theoretical priorities for credibility and international capabilities of credit unions are presented. A sketch of some actual theories is being performed and methods for analysis of credit unions’ activities are particularly composed. Following method of improvement of observational research was performed in this paper. In order to evaluate common tendencies of activities of the credit unions in the World and particularly in the European Union the financial institutions’ legal regulations are specially surveyed. Furthermore legal regulations of credit unions are analyzed in practice for local and international credit unions of Lithuania. The preliminary evaluation of the credit unions activity in the circumstances of contemporary waves of the financial crisis is presented. After examining available and possible theoretical and practical aspects the assumptions from the analyzed material are proposed. The article discusses the development of credit unions and the factors affecting the credit union managers approach to the credit union system development prospects. Despite an occurrence of the recent commercial banks global situation concerning the possible disappointment of consumers - credit unions are one of the best institutions for further financial sustainability in the retail credit markets. An object of this research is credit unions and some other self-credit institutions. In addition the accumulated global information from the cooperative financial institutions is overviewed.