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This paper will briefly consider some of the contemporary challenges connected with the processes of globalization and their effects on UN peace missions. UN Peace missions have become their most visible concept, witnessed significant growth since the last decade of the 20th century, and have evolved into the cornerstone of the international community as a response to the international crisis. Globalization has entered a turbulent period and emerged as a significant threat to international security, stability and prosperity. If organization is to be a meaningful part of an international mechanism to deal effectively with global security challenges, then UN must understand and take them in consideration during the performing peace missions.

Abstract ▼

This scientific article is aimed at providing an overview of historical development of extradition, its nature, changes, legal determination, exposition to political influence, conditions and limitations, as well as its gap between the need to protect rights of an individual in the extradition procedure, on one hand, and the need to suppress growing international crime, on the other. Since extradition bivalent procedure showed inconsistencies in practice, that problem has led to permanent efforts of legal science to increase its efficiency. There are no sufficient scholars writings on extradition in the Balkans and the beginning cooperation among the Balkan states seems to be more or less restrained, despite the fact that the growing international crime has become the real and actual threat not only in this region, Bearing in mind the importance of extradition law for the Balkan countries, this article intends to encourage research and cooperation, because extradition, despite its limitations, remains the most effective tool in suppressing international crime. The method of work used in the article is the comparative analyses of foreign literature as a base for drawing conclusions on the major trends of extradition law.

Abstract ▼

Effective management of companies in the energy sector in the countries of the region is essential for their energy security. Therefore, the role of modern corporate corporate governance as a form of effective management is irreplaceable. In the energy sector in the region, the largest economic entities, especially economic entities that manage energy systems (networks), are public companies. The first element for good corporate governance – the corporatization – is not applied in public enterprises in the energy sector. Today, modern corporate governance is most complex process than it has been ever before. Reform and implementation of modern corporate governance is a good way to achieve efficient and effective goals of strengthening enterprise competitiveness. Corporate governance should ensure strategic guidance of the company, work of the assembly and management, supervision of managers, this also including the company and shareholders. Owners and investors are already aware of the necessity to have responsible and professionally skilled employees for the management of a corporate governance system. Obviously, this new era requires a permanent education programme in all fields, and in fact, it is an imperative now. The process of reform of the legal system is connected with most aspects of corporate governance in public enterprises in the energy sector and since the reform process has not been completed, successful business of those enterprises has not potentially improved. Corporate governance is an integrated system with the complicated goal – to achieve the balance between numerous subjects with different interests. Some of those factors are within a public company (shareholders, members of the board, executives, internal auditors, employees), while others come from capital markets (investment banks, external auditors, investments analysts, Securities and Exchange Commission, etc.). In the light of corporate governance phenomenon, the paper has analysed, the ability of a public company to access capital markets and control the risks.

Abstract ▼

Incidents, as well as low-intensity conflicts, are often only indicators that two or more states may enter into a wider conflict. Beyond these specific incidents, there is usually a much larger problem between two or more states and the specific incident is only an indicator of a larger conflict. The reasons for the outbreak of small-scale conflicts or incidents may be diverting public attention from a problem within the country to a specific foreign conflict. Such conflicts often represent a shadow of former imperial campaigns of great colonial powers, so the incident is given some measure of \"arrogance\" of a particular state. In the last decades, this so-called \"imperial impulse\" occurred in Spain and the UK. Madrid and London were \"challenged\" and as sovereign countries, they intervened militarily in the respective cases. However, overall ratio and result of such interventions is generally relatively small, considering the military capabilities that are set in motion and disturbance of public opinion that occurs in such situations.

Abstract ▼

The paper first considers peace. Then it makes a comparative analysis of its numerous definitions. On the basis of such an analysis, the complex definition is given that reflects the scope and the contents of peace. The second part deals with basic characteristics of peace as a phenomenon pursued by the progressive mankind. These are as follows: connections with important characteristics and values of specific societies or social groups, contradiction, complexity, dynamics, temporariness, hierarchism, particularity, humanity, causality, orientation and relative openness. A separate section explains peace as a value that frees of the tutelage and of various prejudices, enables creativity, frees from all forms of slavery and increases the overall power of man, social groups and nations.

Abstract ▼

Political theory is trying to explain, from understandable level of abstractedness, all political phenomena enabling research and establishment of all relevant facts related to political phenomena as well as all principles, which rule in this sphere of social reality that is considered political sphere. That overall and complete approach to the subject of political science is the first characteristic of theory of politics. The second characteristic of theory of politics is updating. Political theories are specifically divided into those, which belong to history, and those, which have the status of contemporary that is combined to depict the phenomenon of supremacy in politics. Unlike political theory, which is first founded on facts and only then on hypothesis, political philosophy is based on moral religious and meta-physical values that are outside of the political reality.

Abstract ▼

Subjects of international politics, especially the state, use a wide conglomerate of resources to implement foreign policy objectives. The choice of funds within the decision-making process is the choice of activity that should in the current situation make change in the international community for the purpose of its own conceptions. Most of the foreign policy actions are planned and implemented in cooperation with certain actors, since there is interdependence on a global scale. The paper discusses the most important means in international affairs with a focus on economic resources. The author points to the phenomenon of economic warfare as essential tools in modern international constellation.

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The paper containts an overview of the existing police organisation in Great Britain, also treating the reforms taken in the security sector. Special attention is devoted to the analysis of facts that led to the estalbishment of Serious Organised Crime Agency – SOCA as a central police organisation with executive police powers and rights to execute them throughout Great Britain. Its primary goal is to fight against perpetrators of crimnal acts belonging to serious and organised crime. The author has also analysed the agencies which are incorporated in SOCA as well as its bodies, structure, fields of acting and modes of its internal and external control.

Abstract ▼

Employment is one of key interests of any state and together with inflation, it is the most striking indicator of the economic and social situation of a state. Unemployment protection system plays a primary social and individual problem that has many implications not only for the economic and social development, but also for the existence of individuals and their families. One can perceive the essential significance of employment for every individual and for some community by taking into consideration the general definition of employment such as indicators of economic, cultural and social prosperity of the community, a source of existence of the broadest circle of population, stabilisation of the socioeconomic status of an individual and the community and unemployment such as a synonym of poverty, social marginalisation, unnecessary and irreversible waste of human resources. In the first part of the paper, we have considered the unemployment insurance system itself and labour market in Montenegro, and then we have briefly perceived the unemployment situation in the countries of the former Yugoslavia.

Abstract ▼

Capital as the difference between assets and liabilities of insurance companies enables protection against negative deviations of actual damages, costs or investment results from the planned values and it is the capacity, that is the key limiting factor for the supply of insurance services on a local as well as global level. Catastrophe losses represent special issue in the management of insurance and reinsurance companies because of their remarkable impact on available capital and capacity limitation. With the more frequent manifestation of catastrophic losses that have more intense effects the problem of limited insurability of risks and the insufficiency of not only individual companis but of the aggregate capacity of the global insurance and reinsurance industry is intensified. The main conclusion of the conducted research is that insurance and reinsurance in contemporary conditions are no longer sufficient to cover the consequences of catastrophic losses because of the limited capacity for risk acceptance. There is a need to use alternative solutions, which include mechanisms of risk control and mechanisms of risk financing that encompass risk transfer to investors in global capital markets and government intervention, that is the use of public funds and various forms of public-private partnerships, including the participation of international institutions.