The Socioeconomic Consequences of Industrial Development

Abstract

Current rapid structural changes in economy have huge consequences for the socioeconomic environment as a whole. The article analyses these changes at macroeconomic level and their relationship to industry, employment, social systems behaviour and performance of businesses connected with human capital development, but also to the (microeconomic) position of individual subjects. The solutions that are rooted in the acquisition, maintaining and utilizing of human capital will be discussed. We will discuss new incentives for social investment and providing productive services, identify barriers of economic growth in current socioeconomic system and show selected obstacles that prevent productive utilization of human capital. Although these issues are controversial by nature, have deep systemic causes and they cannot be resolved immediately or by simple measures, we take a scientific effort to search for opportunities that support adaptive processes, utilize the human potential that is available and can be improved further when decreasing our dependency on material conditions of existence.

Milestones in forging the contemporary perception of CSR. An overview

“…The Industrial Revolution was a milestone in the socioeconomic development of Europe, the world and the development of CSR. It ushered in major changes both on the macroeconomic level (industry, employment, social systems, corporate behavior and business performance in human resource management) and the microeconomic level (Mertl & Valencik, 2016). The first socialists (Saint Simon, Fourier, Owen, Blanc, Prudhon) envisaged a type of social organization which was named "Utopian Socialism".…”

Public Debt Amidst Low Interest Rates: The Magic Pentagon and Its Significance for Economic and Social Policy

“…If the government already prioritises debt increases over tax revenues as part of fiscal policy, the funds should primarily be used for investment activities with a foreseeable return. Of course, global risks such as financial crises or structural phenomena such as Industry 4.0 (Mertl & Valenčík, 2016) also affect a country's ability to meet its obligations, and in this sense the level of risk associated with relative indebtedness needs to be well considered, as it is potentially more fragile than for countries that are not overly indebted (even in absolute terms). It should be borne in mind that the nature of debt is to spread financing over time at some cost and to dynamize the available capacity for fiscal policy, although of course conditions can change over time for better or for worse.…”