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Journal: Science and world (Vol.1, No. 1)

Publication Date:

Authors : ; ;

Page : 336-339

Keywords : Local Government Units; LGUs management; intellectual capital; financial instruments; local finance.;

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Managing local government units in the 21st century faces new challenged connected to the conditions of knowledge-based economy. Currently the greatest approval is gained by the view which states that the ability to manage knowledge becomes a truly deciding factor for the efficiency of economic processes. In the conditions of globalisa-tion, free capital flow and dynamic development of the capital market and new financial instruments, the LGUs are forced to seek new paradigms for finance management, such as will focus ? to a greatest extent than before ? on diffusing information and knowledge, developing competences of key significance for the LGUs, developing financial knowledge among LGU employees and supporting organisational learning.

Last modified: 2014-04-14 18:16:05