Generolo Jono Žemaičio Lietuvos karo akademija

Globalization processes are widely discussed in scientific literature. In our research we adopt an approach, according which globalization; especially in form of inward foreign direct investment (FDI) is one of sources of innovative technologies and proxy of sustainable development of industries and countries’ economies. In order to design efficient government policies in the field of FDI attraction, such globalization drivers have to be revealed and their importance evaluated. In presented paper we raise and verify hypotheses about importance of the following globalization drivers: tax burden, institutional performance and market consumptive capacity. Regression analysis tool, we believe, allows revealing if those drivers are equally important for developed and less developed countries (LDC). Economic interpretation and generalization of obtain results, we believe, would allow indicating if consistent patterns can be traced. If so, more efficient government policies, allowing attract innovative technologies, especially to LDC can be suggested.

The aim of this paper is to estimate and to compare sustainable development processes in Lithuania, Latvia and Estonia focusing on institutional dimension of sustainable development. Attention has been focused on the selection of system of indicators with particular emphasis on institutional indicators. The authors employ the most popular two multicriteria methods: Simple Additive Weighting (SAW) and multi-criteria complex proportional method (MCP). Data embracing 2004-2010 year period is being analyzed. In order to obtain a multi-faceted view, several variants of sustainable development estimations of Lithuania, Latvia and Estonia are being performed. Each variant represents a different approach to development perception. The difference lies in emphasis, which is being put on the economic and institutional aspects of development. Hypothesis has been raised that the different methods employed may affect comparison results.

The aim of the paper is to review the international organizations’ approaches to the measurement of sustainable development and explore the system of indicators provided by the considered organizations. The systems of proposed indicators to measure sustainable development are being juxtaposed, specific features, advantages and disadvantages revealed. Organizations for sustainable development were founded to review progress at the international, regional and national levels in the implementation of sustainable development policy, to take part in legislative process, to control balance between economic development, social development, and environmental development.