PRACTICE OF EVALUATION OF SOCIAL JUSTIFIABILITY OF INVESTMENT PROJECTS IN THE EU Report as inadecuate




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Valuation of investments and investment projects is a very important socialactivity. However, by the development of productive forces, accompanied by anaccelerated exploitation of natural resources, and by growing of social expectationsin the modern communities, investment decision-making includes also alternativeeconomic opportunities. In such circumstances, the choice of the project isconsidered to be rational and justifiable only if it is better than others even in thesenon-economic areas. Therefore, consideration of investment projects in terms oftheir future impact on the wider social community is more and more important.Investments affect economic growth and social well-being, but in moderncircumstances their role is significantly changed, especially in terms ofsustainability. Therefore the EU increasingly encourages the corporate socialresponsibility in long-term strategies and plans of the companies, as well as the useof the methodology for evaluation of the social justifiability of investment projects.Also, there are other methodologies for evaluation of the social justifiability ofinvestment projects, as it is the case with the methodology of the UN, whichconfirms that this area is extremely important in global relations.

Keywords: Investments ; European Union ; Sustainability ; Social Justifiability ; Corporate Social Responsibility ; Projects

Subject(s): Demand and Price Analysis

International Relations/Trade

Political Economy

Issue Date: 2011

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/245093 Published in: Economics of Agriculture, Volume 58, Number 4 Page range: 699-710

Record appears in: Institute of Agricultural Economics, Belgrade - Serbia > Economics of Agriculture

Economics of Agriculture

Economics of Agriculture





Author: Popovic, Goran ; Coprka, Miodrag

Source: http://ageconsearch.umn.edu/record/245093?ln=en



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