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                    <text>The Importance of Prefixes in Foreign Language Teaching and Learning
Damir Boras &amp; Nives Mikelić Preradović
University of Zagreb/ Zagreb, Croatia
Key words: verb prefixes, language semantics, language acquisition, verb valency, language teaching
ABSTRACT
The aim of this paper is to examine associations between the general meaning of the verb prefix and the meaning of
verb it is attached to in order to help foreign language learners to build their vocabulary easier and faster. To achieve
this goal, the specific semantics of verb prefixes in Croatian has been extracted and captured. The statistics of
derivational characteristics for 20 productive prefixes in Croatian was collected. Also, all meanings of 20 prefixes
were thoroughly analyzed, the properties of the base verbs and prefixed verbs were compared and the group model
of verbs sharing the same meaning of the prefix was built. The statistics show that the prefix with the largest set of
meanings in Croatian is za- (in, at, down) with 20 different meanings, while the average number of meanings per
prefix is 11.
We proved that the process of prefixation establishes connection between different base verbs that start to share the
same semantic feature due to the prefix attached. This connection became obvious in the valency frames of these
verbs, since prefixed verbs tend to share the valency frames, regardless of the valency frame of the base verb. We
discovered that derived prefixed verbs can be treated as hyponyms of base verbs if they do not differ significantly
with regard to the meaning.
Finally, the syntacto-semantic connections between base verbs and derived prefixed verbs were revealed and
modelled as rules which contribute to the foreign language learning and teaching of Croatian language. Rules are
modelled to help foreign language learners guess the meaning of new prefixed verbs while reading and to help them
use dictionaries better, recognizing common verb prefixes and their meanings. These rules can also enable them to
acquire the syntactic complexity of the morphologically rich language, such as Croatian, Bosnian or Serbian.

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                <text>BORAS, Damir 
PRERADOVIC, Nives Mikelić </text>
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                <text>Key words: verb prefixes, language semantics, language acquisition, verb valency, language teaching  ABSTRACT  The aim of this paper is to examine associations between the general meaning of the verb prefix and the meaning of verb it is attached to in order to help foreign language learners to build their vocabulary easier and faster. To achieve this goal, the specific semantics of verb prefixes in Croatian has been extracted and captured. The statistics of derivational characteristics for 20 productive prefixes in Croatian was collected. Also, all meanings of 20 prefixes were thoroughly analyzed, the properties of the base verbs and prefixed verbs were compared and the group model of verbs sharing the same meaning of the prefix was built. The statistics show that the prefix with the largest set of meanings in Croatian is za- (in, at, down) with 20 different meanings, while the average number of meanings per prefix is 11.  We proved that the process of prefixation establishes connection between different base verbs that start to share the same semantic feature due to the prefix attached. This connection became obvious in the valency frames of these verbs, since prefixed verbs tend to share the valency frames, regardless of the valency frame of the base verb. We discovered that derived prefixed verbs can be treated as hyponyms of base verbs if they do not differ significantly with regard to the meaning.  Finally, the syntacto-semantic connections between base verbs and derived prefixed verbs were revealed and modelled as rules which contribute to the foreign language learning and teaching of Croatian language. Rules are modelled to help foreign language learners guess the meaning of new prefixed verbs while reading and to help them use dictionaries better, recognizing common verb prefixes and their meanings. These rules can also enable them to acquire the syntactic complexity of the morphologically rich language, such as Croatian, Bosnian or Serbian.</text>
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                    <text>The Importance of Public Investments in Regional Development: An
Example of Gap in Turkey
SadettinPaksoy
Kilis 7 AralıkUniversity
Turkey
spaksoy@kilis.edu.tr
ErdalAlancioglu
Harran University
Turkey
ealancioglu@harran.edu.tr
Abstract: Developed countries can perform better growth with their economic possibilities
and they can minimize the imbalances among regions. However, this is not applied to
developing and least developed countries. The most important problem of developing
countries such as Turkey is insufficiency of sustainable development. Thus, this has led to
imbalanced development between regions.
Today, one of the major problems of Turkey is inter-regional inequalities in developments.
These inequalities also bring social, political and cultural problems with them. South-eastern
Anatolia Project (GAP) aimed a multi-sector, integrated and sustainable and regional
development. It is aimed to raise the income levels and living standards of people in the
region with the help of GAP, and as a result to abolish the inequalities between this region
and other regions. Development program of the project covers irrigation, hydropower,
energy, agriculture, rural and urban infrastructure, forestry, and education and health
sectors. GAP is funded by public investments and its total cost is 32 billion U.S. dollars.
In this study, the effect of public investment on regional development will be discussed by the
light of Turkey South-eastern Anatolia Project (GAP). The analysis of macroeconomic data
(economic growth, unemployment, export etc.) will help us to observe the contribution of the
GAP to the reconstruction of this region and the economy of Turkey in this context.
Keywords: Public Investment, Regional Development, South-eastern Anatolia Project (GAP)

54

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ALANCIOGLU, Erdal</text>
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                <text>Developed countries can perform better growth with their economic possibilities and they can minimize the imbalances among regions. However, this is not applied to developing and least developed countries. The most important problem of developing countries such as Turkey is insufficiency of sustainable development. Thus, this has led to imbalanced development between regions.    Today, one of the major problems of Turkey is inter-regional inequalities in developments. These inequalities also bring social, political and cultural problems with them. South-eastern Anatolia Project (GAP) aimed a multi-sector, integrated and sustainable and regional development. It is aimed to raise the income levels and living standards of people in the region with the help of GAP, and as a result to abolish the inequalities between this region and other regions. Development program of the project covers irrigation, hydropower, energy, agriculture, rural and urban infrastructure, forestry, and education and health sectors. GAP is funded by public investments and its total cost is 32 billion U.S. dollars.     In this study, the effect of public investment on regional development will be discussed by the light of Turkey South-eastern Anatolia Project (GAP). The analysis of macroeconomic data (economic growth, unemployment, export etc.) will help us to observe the contribution of the GAP to the reconstruction of this region and the economy of Turkey in this context.    Keywords: Public Investment, Regional Development, South-eastern Anatolia Project (GAP)</text>
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                <text>International Burch University</text>
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                    <text>2nd International Symposium on Sustainable Development, June 8-9 2010, Sarajevo

The Importance of SMEs in Developing
Economies
Hidayet KESKĠN
Suleyman Demirel University, Isparta/Turkey
hunlu@iibf.sdu.edu.tr
Canan ġENTÜRK
Suleyman Demirel University, Isparta/Turkey
canansenturk@iibf.sdu.edu.tr
Onur SUNGUR
Suleyman Demirel University, Isparta/Turkey
onurs@iibf.sdu.edu.tr
Hakan M. KĠRĠġ
Suleyman Demirel University, Isparta/Turkey
hakkan@iibf.sdu.edu.tr
Abstract: The economy of the 20th and 21st century has a different set of rules than Smith‘s
economy of the 19th century. The new ideology of neo-liberalism and globalization
emphasizes the role of SMEs as promoters of a healthy business climate, economic efficiency
and power for economic development, especially in developing countries. Today, instead of
large-scale industries, SMEs having gained importance in the developing economies, become
advantageous being economic enterprises having the capability of quick adaptation, working
with less capital but more intense labor and having low cost of management and thus having
cheap production. Although SMEs have some weaknesses, they are less affected from
economic crises due to its flexibility and abilities which keep up with changed conditions.
SMEs are vital actors for enhancing innovation, competitiveness, entrepreneurship and the
establishment of an effective innovation system for developing countries. Therefore, in this
study the importance of SMEs for developing countries is considered. First, the regulations
related to SME definition and EU‘s SME definitions are mentioned. In the second section, the
advantages and disadvantages of SMEs are considered. Then, the importance of SMEs in the
economies is discussed by groups of countries with the help of various indicators. Finally, the
importance of SMEs in developing countries is discussed.

Introduction
SMEs are seen as the main actors of both national and regional development in many countries. There
are a lot of researches about the importance of SMEs in the country's economy. Many countries are implemented
support for SMEs in the various programs and policies. In this context, the changes were made about definition
of SMEs in EU. Many programs have been implemented to improve the innovation and entrepreneurship of
SMEs.
Therefore, support for SMEs is one of the European Commission‘s priorities for economic growth, job
creation and economic and social cohesion. SMEs play an important role in the EU economy. In addition EU is
seen SMEs as an important tool in achieving the Lisbon Strategy.
The importance of the SME sector is well recognized worldwide due to its significant contribution to
gratifying various socio-economic objectives, such as higher growth of employment, output, promotion of
exports and fostering entrepreneurship. Recent empirical studies show that SME‘s contribute to over 55% of
GDP and over 65% of total employment in high-income countries. SME‘s and informal enterprises, account for
over 60% of GDP and over 70% of total employment in low-income countries, while they contribute over 95%
of total employment and about 70% of GDP in middle-income countries. In the European Union countries, for
example, there are some 25 million small businesses, constituting 99% of all businesses; they employ almost 95
million people, providing 55% of total jobs in the private sector. Important contribution is also on exports and on
productivity growth (OECD, 2004). However, the actual importance of SMEs is emerged to adapt the changing
conditions of competition and innovation with the globalization process. SMEs, in many studies, are seen as key
actors in innovation systems and are important in increasing the competitive and innovative capacity of the
countries / regions.

183

�2nd International Symposium on Sustainable Development, June 8-9 2010, Sarajevo

Porter (1996; 2000; 2001; 2003) mention that the new concepts such as region, clustering, innovation
substitute traditional competitiveness factors and become the main factors determining the competitive power of
firms and local economies Orientation for new sources is experienced in identifying competitiveness and new
pursuits are emerged in the areas of economy and business science interests. In fact, the change in these areas of
interest can be regarded as a natural extension of ―economic reconstruction‖ which is accompanied globalization
process. Post-Fordist production processes of economic activities have intensified the need for redefinition of the
relationship among firm-local and regional economy -national economies. As a result, firms-regional and
international economies which are regarded as relatively isolated units previously, began to be perceived as the
actors constantly interact within a dynamic network. Then global actors and powers also have been included as
active partners of this network. With this change, the main concepts such as networks (Hakanson, 1992;
Thompson and others, 1991), goods (supply) chains (Dickens, 1998), business systems (Whitley, 1992),
clusters(Porter, 1990; Schmitz, 1995) and production systems (Scott ve Storper, 1992), are gain importance.
And also SMEs are accepted as the main elements of this concept of "proximity and regional tissue‖.
In accordance with the above-mentioned developments, SMEs are vital actors for enhancing innovation,
competitiveness, entrepreneurship and the establishment of an effective innovation system for developing
countries. Therefore, in this study the importance of SMEs for developing countries is considered. First, the
regulations related to SME definition and EU‘s SME definition will be mentioned. In the second section, the
advantages and disadvantages of SMEs will be considered. Then, the importance of SMEs in the country's
economy will be discussed by groups of countries with the help of various indicators. Finally, the importance of
SMEs in developing countries will be discussed.

Definition of Small and Medium-Sized Enterprises (SMEs)
Institutions working on SMEs case can make several definitions. Limit of SMEs definition generally
changes according to economic size of countries. Thus SMEs phrase have economical meaning rather than legal
meaning. Most of countries accept that number of employee is a common measurement of SMEs definition.
Definition of SMEs and their size criteria is a controversial subject. There are various opinions about SMEs size
measurement criteria and their amount (Dinçer, 1994).
According to some institutions number of employee has more importance, for the others enterprises
turnover have more importance in SMEs definition.
World Bank‘s definition of SMEs is that micro scale; less than 50 employee, small scale; 50 employees,
medium scale; 50-200 employees.
Following the first SMEs definition of EU in 1996, the SME definition which is related with personel
numbers is required to revised because of increases in inflation and productivity.
As a result of this; On 6 May 2003 the Commission adopted Recommendation 2003/361/EC regarding
the SME definition which replaced Recommendation 96/280/EC as from 1 January 2005. The revision takes
account of the economic developments since 1996 and the lessons drawn from the application of the definition.
The new SME definition represents a major step towards an improved business environment for SMEs and aims
at promoting entrepreneurship, investments and growth. This definition has been elaborated after broad
consultations with the stakeholders involved which proves that listening to SMEs is a key towards the successful
implementation of the Lisbon goals (EC, 2009). The criteria, about EU definition of SME in 1996 and 2005, are
presented in Table 1 below:
SME
CATEGORY

EMPLOYMENT*

Medium
Small
Micro

250
50
10

TURNOVER
(Million €)
1996
2005
40
50
7
10
**
2

BALANCE SHEET
(Million €)
1996
2005
27
43
5
10
**
2

Table 1: Definition of SME in European Union
In European Union, the new definition of SME includes those with fewer than 250 employees (EC,
2003). This group is further disaggregated into micro enterprises (with fewer than 10 employees), small
enterprises (with 10-49 employees) and medium sized enterprises (with 50-249 employees). Micro enterprises
would include self-employed people working for themselves with no employees. 32

32

Sometimes the term small, medium and micro-sized enterprises (SMMEs) are used rather than SMEs.

184

�2nd International Symposium on Sustainable Development, June 8-9 2010, Sarajevo

Eurostat has made re-arrangement on statistics of EU by enterprises scale and Eurostat definition of
SMEs is that not employee and 1–9 employees are micro scale, 10–49 employees is small scale, 50–249
employee is medium scale, 250–499 employee is large scale (EC, 2003).

Advantages and Disadvantages of SMEs
Small and medium size enterprises have become popular in the world especially since 1960s.
Schumacher (1973) denotes the superiorities of SMEs as such:
SMEs have a competitive structure.
SMEs are more efficient.
SMEs keep up with the new demands and new technology easier.
SMEs‘ working styles are not monotonous or boring.
SMEs are more enduring to the economic crisis.
SMEs have a more successful role in increasing employment and arranging income.
SMEs have been leading enterprises in the industrialization of Western Countries since 1960 (Çarıkçı,
2001). SMEs, observing the market closely, understanding the requirements of customers better and having
intimate relations with its employee, have more elasticity than the large ones in terms of manufacturing,
marketing and service. As this elasticity enables harmony with the changes in outside in time and on-site, SMEs
pass over many troubles lightly with less damage. Right along with these, SMEs may obtain some advantages in
some surroundings. SMEs‘ advantages are (Yılmaz, 2004):
SMEs provide the strength of element of ―balance‖ income spectrum. This balance gains importance in
terms of both social and economic sides. These enterprises are the sources of new ideas and discoveries. They
contribute to the industries for providing required elasticity.
SMEs have the opportunity to make a decision more quickly. Because they work with less expense of
management and general operating, they have faster and cheaper production.
SMEs play an important role in creating private initiatives. Also they enjoy large shares in employment
and training. These enterprises are the first establishments in which many qualified workers receive technical
training.
SMEs constitute an effective way to expand the manufacturing and industrialization to the whole
country.
SMEs are of the situation to be the manufacturer of intermediate goods and inputs of large industrial
enterprises.
SMEs may be effective in increasing quality of life providing some opportunities for small investments
to use labor force, raw material and financial sources that cannot be used because of social and political reasons.
SMEs possess a significant role to fulfill the function to reflect small savings and family savings
directly to the investments.
In this regard the small firm is too important, too dominant and too much about creating the future
business generation for marketing practitioners (Day, 2000:1034). According to the report of European
Community, the contribution of SMEs to the economic system are summarized as the following; ―these
enterprises constitute a required part of commercial and industrial structure because of their numbers and studies
about different cases; effects over all sectors having a field of manufacturing, trade and service; contributions to
employment and level of welfare‖ (EC, 2003).
However, SMEs have also some disadvantages 33. These are lack of general administration, especially
the lack of total participation of low level workers to the decisions taken by the owners or partners, not
employing specialist and financial consultants in the enterprise, lack of an expert group in financing and lack of
department, lack of capital and financial planning, not taking enough support from the banks and other financial
corporations, lack of product development, lack of coordination between production and sale, not showing the
activities of modern marketing, littleness of business sites and residential areas, risk of bankruptcy and losing its
independency, not to be able to provide specialized staff, legislation and bureaucracy, SMEs may be called
disadvantageous.
It should be noted that among disadvantages of SMEs exhibit a lower level of profitability than do their
larger counterparts. However this lower level of profitability is consistent with at least two of the many roles
(Carree and Thurik, 2003) SMEs play in the economy: ―the seedbed and turbulence role‖ (Beesley and
Hamilton, 1984) which creates economic growth at the expense of survival rates and profitability of those firms
involved in this roles (Fritsch and Mueller, 2008) and interacting with their larger counterparts as a supplier
while large firms outsource their less profitable non-core activities (Baumol, 2002).

33

See also Table 1.

185

�2nd International Symposium on Sustainable Development, June 8-9 2010, Sarajevo

Small Firms
Ability to react quickly to keep abreast
of fast-changing market requirements.

Marketing

Management

Internal
Communications

Qualified
Technical
Manpower
External
Communications

Lack of bureaucracy. Dynamic,
entrepreneurial managers react quickly
to take advantage of new opportunities
and are more willing to accept risk.
Efficient and informal internal
communication networks. Affords a fast
response to internal problem-solving:
provides ability to recognise rapidly to
adapt to change in the external
environment.
Frequent lack of suitably qualified
technical specialists. Often unable to
support a formal R&amp;D effort on an
appreciable scale.
Frequent lack of time or resources to
identify and use important external
sources of scientific and technological
expertise.

Finance

Great difficulty in attracting capital,
especially risk capital. Innovation can
represent a disproportionately large
financial risk.

Economies of
Scale and the
Systems Approach

In some areas scale economies of form
substantial entry barriers to small firms.
Inability to offer integrated product
lines or systems.
Can experience difficulty in acquiring
external capital necessary for rapid
growth.
Can experience problems in coping
with the patent system. Cannot afford
time and costs involved in patent
litigation.
Often cannot cope with complex
regulations. Unit costs of compliance
for small firms often high.

Growth

Patents

Government
Regulations

Large Firms
Comprehensive distribution and
servicing facilities. High degree of
market power with existing products.
Professional managers able to control
complex organisations and to establish
corporate strategies.
Internal communications often
cumbersome: this can lead to slow
reaction to external threats and
opportunities.

Ability to attract highly-skilled technical
specialists. Can support the
establishment of a large R&amp;D
laboratory.
Ability to ―plug in‖ to external sources
of scientific and technological expertise.
Can afford library and information
services. Can buy crucial technical
information and technology.
Ability to borrow on capital market.
Ability to spread risk over a portfolio of
projects. Better able to fund
diversification into new technologies and
new markets.
Ability to gain scale economies in R&amp;D,
production and marketing. Ability to
offer a range of complementary
products.
Ability to finance expansion of
production base. Ability to fund growth
via diversification and acquisition.
Ability to employ patent specialists. Can
afford to litigate to defend patents
against infringement.

Ability to fund legal services to cope
with complex regulatory requirements.
Can spread regulatory costs. Able to
fund R&amp;D necessary for compliance.
Table 2: A Comparison of Small and Large Firms (Advantages and Disadvantages)
Source: (Xhepa, 2006).

Importance of SMEs by Countries and Country Groups in the World Economy
Small and Medium Sized Enterprises (SMEs) have always taken significant roles in the world economy.
SMEs, which are the driving force of economic growth, have an important effect on the economic activity.
In European Community, every three people out of 25 (12%) in 1985 were free from business.
Therefore, a research has been made to achieve an important increase in employment in Europe. The results of
the research show that one solution to achieve this rise is Small and Medium Size Enterprise (SMEs). It is noted
that SMEs, the significance of which become clearer for resolving employment problem, have gained
importance also in Europe after 1970s (BulmuĢ, Oktay, Törüner; 1990).
It is seen that SMEs form a major part of total enterprises in the countries in Table 3 in the period
between 1945 and 1970, emphasizing large size enterprises, economic growth and rehabilitation activities are
implemented in the world. However, in this period, it is understood that SMEs have superior features compared
to large size enterprises. In several countries, SMEs‘ role in creating employment and enabling competitive

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�2nd International Symposium on Sustainable Development, June 8-9 2010, Sarajevo

atmosphere, have gradually increased. In 1970s, the conjuncture on economic crisis has become effective in such
a case. On the other hand, after the economies of scale have begun to decrease, SMEs have begun to construct
the basis of macro economies‘ policies in many countries because SMEs have contributed to the usage of sources
economically, the employment and income distribution after the depression in 1970. Contrary to the large
enterprises focusing on the manufacturing of products the demand of which have showed high or low income
elasticity, are the units affected least by the economic crisis (Yılmaz, 2004). Once the economies of developing
and developed countries are analyzed, indicators of SMEs disclose the significance of this sector clearly.
Although SMEs show agricultural and structural differences country to country, an invariable fact is that these
enterprises have great contribution to the economies of whole world countries.

SMEs in Total
Enterprises (%)
SMEs in Total
Employment (%)
SMEs in Total
Investment (%)
SMEs in Total Value
Added (%)
SMEs in Total Export
(%)
SMEs in Total Credits
(%)

USA

Germany

Japan

France

England

SouthKorea

India

Turkey

97,2

99,8

99,4

99,9

96

97,8

98,6

99,5

50,4

64

81,4

49,4

36

61,9

63,2

61,1

38

44

40

45

29,5

35,7

27,8

56,5

36,2

49

52

54

25,1

34,5

50

37,7

32

31,1

38

23

22,2

20,2

40

8

42,7

35

50

48

27,2

46,8

15,3

4

Table 3: Share of SMEs in Some Countries (%) (2004)
Source: (Yılmaz, 2004).
SMEs constitute the basic source of materials, ideas, process and service that large enterprises cannot do
or do not want to do. Because aiming to benefit from the cost advantage of economies of scale, large enterprises
implement a policy of manufacturing a product for a long period due to the big investments for the machines,
tools, devices and labor force. However, SMEs do not have such problems as maintaining a large scale
investment. Because their economies are small and they possess more elastic structure when compared to large
enterprises (Efe, 1998).
SMEs remain important not only in developing countries but also in developed and industrialized
countries. In these years of 21st century, in developed countries, the policies aiming to increase employment of
small enterprises, observed up to now, are postponed and it has been tried to constitute some policies enabling
formation and competition of small enterprises making changes in production, sale and management. In
developed countries, policies of small enterprises should be to improve alive, dynamic enterprising, not focusing
on increasing employment (Sarıaslan, 1994). Despite these difficulties, in all countries, there can be made such a
generalization that SMEs constitute about 99% of enterprises. Despite the change from one country to another,
SMEs constitute 40-80% of employment and 30-70% of gross national product. 5% of the SMEs are of the
statute of large enterprises. This data designates a superiority of small enterprises upon large ones. One of SMEs
small but important characteristics is that they are in a leading position to improve industries and technologies.
SMEs are densely existed within the enterprises implementing innovative studies. By decreasing cost of
communication, SMEs technical opportunities will increase and thus, SMEs‘ achievement in global market will
improve. Contribution of SMEs to the employment is also important (Küçükçolak, 1998).
European
Union
(EU)

OECD
Countries

Of the 19.3 million enterprises in the European Union (EU) today, 99% are
defined as SMEs and employ some 75 million people. There are only 35,000
enterprises, with more than 250 employees, but 18 million enterprises
employ fewer than 10 people - the micro- enterprises. The average European
business provides employment for 4 people, including the owner/manager,
the average turnover being 500,000 euro.
Of this group, SMEs represent over 95% of enterprises in most countries and
generate over half of private sector employment. Moreover, most OECD
governments promote entrepreneurship and develop SMEs with a myriad of
policies and programmes because of SME difficulties such as financing,
technology
and
innovation,
e-commerce,
management
and
internationalization. For example, in Korea measures include tax breaks and
reduced interest loans for starting new businesses in rural areas.

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Latin
America

Asia

South
Africa

After focusing on large investments and wooing multinationals for years,
Latin American politicians are beginning to realize that SMEs are the true
job creators, as well as important players in technology supply chains. The
vast majority (approximately 80-90%) of companies are micro enterprises
and the governments have vastly reduced red tape to ensure SMEs needs are
attended to swiftly. Among the major regional economies, except of
Argentina, while these types of businesses flourished elsewhere in LatinAmerica, especially in Brazil and Mexico.
It has been recognised that some of the world‘s best performing economies,
notably Taiwan and Hong Kong, are very heavily based on small
enterprises'. 81% of all employment in Japan is in SMEs where the average
enterprise employs nine staff as opposed to four in the EU.
The share of employment located in the micro, small and medium sectors
taken together is high – estimated recently at 60% while the sector generated
about 40% of output.
Source: (Adapted from Lukacs, 2005).
Table 4: Share of SMEs in Global Economy

Regardless of the level of economic growth, in all countries SMEs are the basis of economic and social
order in terms of numerical and job creation capability. In almost all of the countries, SMEs constitute nearly all
of the enterprises. According to this, in all countries, SMEs have an active role (KOSGEB, 2000, 1993).
Consequently, today, with the globalization of world markets, developed and developing countries are
more aware of the capability and elasticity of SMEs to keep up with the social and economic changes. Thus, they
focus on incentive economic measures to increase their competition capability and technological level. In short,
in the world, the concept of ―Small is Beautiful‖ is common.

The Importance of SME in Developing Countries
The notion of SME and entrepreneurship development was introduced into the growth and development
landscape as early as the late 1940‘s with the introduction of targeted policies (grants, subsidized credits, special
tax treatment, etc.) and the establishment of small business or SME support agencies by governments (e.g.
publicly funded SME agencies were set up in 1948 in Japan, 1953 in USA, 1954 in India, 1966 in Tanzania,
1976 in Turkey) (OECD, 2004).
As with any other component of an economy, the size and importance of the SME sector varies from
country to country; the last few decades have seen an increasing recognition of the role it plays in industrial
countries, something already more obvious for developing nations from the 1970s or so. SMEs are important to
almost all economies in the world, but especially to those in developing countries (Berry, 2007). There is
considerable interest in SMEs in developing countries. There are probably two main reasons for this. One is the
belief that SME development may prove to be an effective antipoverty programme. The second is the belief that
SME development is one of the building blocks of innovation and sustainable growth. These two reasons are of
course linked because most of the international evidence says that growth and real poverty reduction go hand in
hand. If SME development helps growth, more than likely it helps reduce poverty as well (Warner, 2001: 61)
SMEs contribute substantially to a stable economic environment and to the development of the
economy. To achieve stable economic development the business of SMEs must be supported. They need
especially financial and consulting services which help them to overcome difficulties during the start-up phase or
to carry out their normal business activities. (Güttler, 2001:89)
Developing countries without substantial SME sectors (hence often described as having a ―missing
middle‖ in their firm size structure) tend not only to have capital and the income from it concentrated in the
larger firms but also to have a ―labour elite‖ in that sector, able to bargain for wages much higher than elsewhere
in the economy. With the economy‘s capital stock almost completely used up by the large firms (usually a result
of capital market imperfections), there is little remaining capital to be distributed among the many workers not
hired by large firms; this produces a large micro enterprise sector with the SME sector squeezed out for lack of
capital. The equilibrium wage in the micro enterprise sector is very low and capital incomes are low there as
well. In short, income is very unequally distributed. When the SME sector is large, these extremes in the
distribution of both capital income and labour income are avoided. (Berry, 2007)
Furthermore, SMEs contribute to employment and income generation and export revenues in
developing countries. However, in order to tap into the potential of SMEs for development and poverty
reduction, transition and developing country governments, development partners and SMEs themselves need to
address a number of challenges (OECD, 2004):
• The domestic SME/private sector has to expand, through:

188

�2nd International Symposium on Sustainable Development, June 8-9 2010, Sarajevo
− The creation of new and innovative firms and
− The graduation of as many informal enterprises as possible into the formal sector.
• SMEs have to become more competitive and productive at their home base.
• At least a proportion of these nationally competitive SMEs have to achieve a level of competitiveness
that will enable them to integrate into the global value chains through trade (exports and internationalization) and
investment, including linkages with FDI.

Conclusion
The economy of the 20th and 21st century has a different set of rules than Smith‘s economy of the 19th
century. The new ideology of neo-liberalism and globalization emphasizes the role of SMEs as promoters of a
healthy business climate, economic efficiency and power for economic development, especially in developing
countries.
SMEs have an important role in terms of their economic share in developed and developing economies
though there are different definitions of SME among various organizations and countries. Today, instead of
large-scale firms, SMEs having gained importance in the developing economies, become advantageous being
economic enterprises having the capability of quick adjudication, working with less capital but more intense
labor and having low cost of management and thus having cheap production. In short, the concept of small is
beautiful becomes important in the current economic conjuncture with large firms.
Although SMEs have some weaknesses, they are less affected from economic crises due to its flexibility
and abilities which keep up with changed conditions. SMEs are vital actors for enhancing innovation,
competitiveness, entrepreneurship and the establishment of an effective innovation system for developing
countries. Improving the investment climate for SMEs, and strengthening their capacities to respond to trade and
investment opportunities, does strengthen the economic performance of SMEs and this in turn has a positive
impact on growth and poverty reduction in developing countries.
SMEs, observing the market closely, understanding the requirements of customers better and having
intimate relations with its employee, have more elasticity than the large ones in terms of manufacturing,
marketing and service. As this elasticity enables harmony with the changes in outside in time and on-site, SMEs
pass over many troubles lightly with less damage. Although SMEs have some weaknesses, they are less affected
from economic crises due to its flexibility and abilities which keep up with changed conditions. Besides they
absorb economic crises effects and play a role as ―compress‖. In this regard, SMEs have crucial importance,
especially for the developing countries.
Even in ‗normal‘ economic conditions governments have recognised that, to survive and grow, SMEs
need specific policies and programmes. However, at the present time, SMEs have been especially hard hit by the
global crisis. It is important to stress that SMEs are generally vulnerable in times of crisis for many reasons
among which are (OECD, 2009):
 It is more difficult for them to downsize as they are already small;
 They are individually less diversified in their economic activities;
 They have a weaker financial structure (i.e. lower capitalisation);
 They have a lower or no credit rating;
 They are heavily dependent on credit and they have fewer financing options.
However current economic conjuncture has generated not only disadvantages but also advantages for
developing countries‘ SMEs. We can expect that potential of SMEs‘ impulsive force in these countries which
have less large firms (big business). Nonetheless lack of policy determinations and implications accrue
coordination and promotion problems in SMEs‘ activities. Chronic economic problems of developing countries
have affected energy of these enterprises, negatively. Briefly, providing necessary opportunities and directions of
SMEs has emerged advantageous conditions for developing counties.

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�</text>
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ŞENTÜRK, Canan
SUNGUR, Onur
KİRİŞ, Hakan M.</text>
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                <text>The economy of the 20th and 21st century has a different set of rules than Smith‘s  economy of the 19th century. The new ideology of neo-liberalism and globalization  emphasizes the role of SMEs as promoters of a healthy business climate, economic efficiency  and power for economic development, especially in developing countries. Today, instead of  large-scale industries, SMEs having gained importance in the developing economies, become  advantageous being economic enterprises having the capability of quick adaptation, working  with less capital but more intense labor and having low cost of management and thus having  cheap production. Although SMEs have some weaknesses, they are less affected from  economic crises due to its flexibility and abilities which keep up with changed conditions.  SMEs are vital actors for enhancing innovation, competitiveness, entrepreneurship and the  establishment of an effective innovation system for developing countries. Therefore, in this  study the importance of SMEs for developing countries is considered. First, the regulations  related to SME definition and EU‘s SME definitions are mentioned. In the second section, the  advantages and disadvantages of SMEs are considered. Then, the importance of SMEs in the  economies is discussed by groups of countries with the help of various indicators. Finally, the  importance of SMEs in developing countries is discussed.</text>
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                    <text>3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

The Importance Of Strategic Management And Intellectual Capital In Sustainable
Development:
The Case Of Suleyman Demirel University

Boşgelmez Günseli1, Öksüz Mehmet Kürşat2, Alduğan Kevser2
1Suleyman Demirel University,
Isparta Vocational School, Isparta-Turkey
2Suleyman Demirel University, Engineering and Architecture Faculty
Department of Industrial Engineering, Isparta–Turkey
E-mails: gunselibosgelmez@sdu.edu.tr,m.kursat.oksuz@hotmail.com,
kevseraldugan@hotmail.com

Abstract
Universities are one of the main elements of current notion of development since they are the
institutions that produce the knowledge. They also hold a significant position in social and
economic development in addition to their conventional roles of education and research. In
this sense, they are expected to support sustainable development on local, regional and
national basis through conducting research in cooperation with industrial establishments.
Because producing professionals of the future is an important activity related to
sustainability. In terms of sustainable development, intellectual capital and strategic
management are two essentials to create a vision for the future.
In the study, Süleyman Demirel University, which started in a small town in 1976 with only
40 students and has expanded to 50,000 students today, was discussed in terms of its
developmental influence on Isparta and its surroundings. The implementations of intellectual
capital and strategic management that originated this development were described as a model.

Keywords: Sustainable Development,
Entrepreneurial University.

Strategic

Management,

Intellectual

Capital,

1. INTRODUCTION
Sustainable development has been defined in many ways, but the most frequently quoted
definition is from “Our Common Future”, also known as the Brundtland Report(WCED,
1987):
"Sustainable development is development that meets the needs of the present without
compromising the ability of future generations to meet their own needs.” It contains within it
two key concepts:
134

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

1. The concept of needs , in particular the essential needs of the world's poor, to which
overriding priority should be given; and
2. The idea of limitations imposed by the state of technology and social organization on
the environment's ability to meet present and future needs."

1.1.Sustainable Development Strategies

Strategies for Sustainable Development can be summarized under six topics:
Environment: The natural world has a value on its own. No one mustn’t mishandles
physical carrying capacity of nature in order to meet the needs of their own use.
The Future: While meeting our own needs, we shouldn’t forget that we have to leave the
world for future generations to meet their own needs.
Quality of Life: Human welfare depends on, not only materially, but also social, cultural,
moral and spiritual dimensions.
Justice: Welfare, opportunities, rights and responsibilities between countries and
between different social groups in the same country must be apportioned fairly. The needs
and rights of the poor and those who are face to face with some limitations should be
considered. The same fair share must be done on natural resources, between future
generations and today's people.
Precautionary Principle: If we don’t sure effects of any movement or development, we should
take more precaution. Because environmental issues are global, taking measures should be
ascertained with special emphasis on social benefits.
Holistic thinking: If we are faced with a complex problem of sustainability all the factors
should include the solution of this problem. For each problem with based on scientific data
and special emphasis on social benefits, solution must be produced. Therefore, any decisions
taken, the individuality of each application should be removed then moved to an international
platform.
1.2.Dimensions of Sustainable Development
There are 3 dimensions of sustainable development:
1. Social Dimension: With permanent education, the benefits of "Enhancement of Quality
of Life," should be explained to public for themselves and future generations.
2.Economic Dimension: Every source on earth is limited. Therefore, we have whatever the
source, this resource must be distributed the fairest way to improve the quality of human life.
3.Environmental Dimension: Recycled or not, the use of every natural resource is aimed to
provide continuity.
135

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

1.3.STRATEGIC MANAGEMENT
1.3.1.Definition of Strategic Management
Strategic management is a management technique that analyzes the process "What an
organization do, reason of existence, demonstrate the goals which want to reach in the
future and show how to reach these objectives "(Bryson, 1988).

1.3.2.Characteristics of Strategic Management
The main features of Strategic Management (Aktan, 2008):

Strategic
management enables
to
the
organization's
organization, coordination, implementation and control.

future activities, planning,

Strategic Management helps to think strategically. In this
to determine the correct strategy and tactics then these are applied.

respect,

they try

Strategic management emphasizes the importance of organization's goals based on
the teamwork . Strategies that are executed with a wide range of participation by senior
management and the most optimal one is chosen for the company from decisionmaking techniques.
Strategic management helps to determine the most effective way to solve problems.
In this respect, total quality management techniques are used extensively.

1.4.INTELLECTUAL CAPITAL
Stewart, in his book published in 1997, defined the intellectual capital the most general
way as “obtained useful information” and noted that it includes the information about
organization's processes, technologies, patents, skills of employees and customers, suppliers
and other related parties. (Demirkol, 2007).

1.4.1.Sustainable Development and Human Capital

The most important element of intellectual capital is human capital. Human capital is the
most difficult elements of intellectual capital within the definition of capital, employees of
business have collective knowledge, which is the value of their abilities and
experiences, constitute the main source of renewal and innovation process. In
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�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

addition, employees receive training,
examined in this type of capital. (Ecer, 2004)

behavior patterns

and attitudes are

The most important element of sustainable development is human capital. The only way of
transforming sustainable development as a life style is raising it passes individuals
who believed sustainable development as a philosophy of life.

The principal elements of human capital are as follows (Demirkol, 2007):








Know-how,
Training,
Business-oriented features,
Work-related information,
Work evaluation,
Work-related competition,
The power of entrepreneurship, innovation, insight before and after the process,
variability.

2. SUSTAINABLE DEVELOPMENT AND UNIVERSITIES
2.1. University in Regional Development
•
•
•

Intra-regional division of development task between different institutions in a region
Does the university has the internal capacity in responding to growing expectations
directed at it with regard to social, cultural and economic development in terms of
economic and social capital?
Rising question: What is the role of universities in regional development

2.2. The Contribution of Universities in Regional Development

•
•
•
•
•
•

137

Generating revenue, spending this revenue in the region and attracting students who
will spend money on their education
Conducting scientific researches regarding regional questions or commercial studies
for the firms in the region
Improving the social and cultural life of a region
Researches which takes place at universities stimulates regional development through
an increase in GDP and employment and has a strong, deep effect on the productivity
of the economy in a region
Universities affect regional development through training students to create new ideas
and innovations
University students assist firms in increasing their productivity, effectiveness, and in
the introduction of new products which generates growth in the region

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

•
•
•

Creating new industries by science &amp; engineering researches, technology licensing
policies, promoting/assisting local entrepreneurial businesses (incubation services,
etc.)
Upgrading existing industries by problem-solving for industry through contract
research, faculty consulting, etc. and education/manpower development
Importation/transplantation of industries: advancement of education, manpower
development, research and training of human resources.

2.3.Changing Role of Universities in Turkey by time through Changing Economic and
Social Structure

•
•
•
•

1923-1950: Nation building
1950-1980: Modernization
1980-1990: Reorganization
1990-2011:Internationalization, Marketisation and Harmonization along with
European Higher Education System.

2.4.Changing Nature
(Antonelli,2003)

of

Knowledge

and

its

Implications

on

Universities

Knowledge as a Public Good :





Public funding of universities and other public research centers.
Top-down view about the generation of technological knowledge.
Linear approach: technological knowledge is the eventual result of the application of
new scientific discoveries.
Universities and public research centers were better equipped to perform scientific
research. Application of scientific discoveries for the actual generation of
technological knowledge and the introduction of technological innovations is assigned
to corporations.

Knowledge as a Proprietary/Private Good:






138

The new enclosures substitute the knowledge commons.
Universities enters the markets for the technological (knowledge) outsourcing of
large corporations.
The mobility of human capital is more and more regarded as a sensitive issue.
New effective tools of stimulating the distribution of knowledge and increasing the
incentives to its production: Academic patenting and scientific entrepreneurship.

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

2.5. Changing Roles of Universities
TRADITIONAL ROLES

NEW ROLES

Nation Building: National demands
for Higher Education

Region Building: Local demands for HE (Role in socialeconomic-cultural development of regions and growing
needs for local technology &amp; skills)

Raising general education level: Basic
HE

Facilitating learning at various levels: Lifelong Learning

Increasing the stock of formal
knowledge

University as a knowledge producing actor: Creating
internal/external spillovers of knowledge

Transferring global to local space

In addition to traditional role: transferring local to global
space

Research based activities

Being an institution which is capable of producing
commercialisable research based activities &amp;
technologies

Helping entrepreneurs: Increasing the
stock of researches

University as an entrepreneur: Using output of its own
researches

Part of central governance approach

Part of local governance approach

Disciplinary (integrated) approach for
teaching &amp; research

Non rigid (flexible) approach: Growing separation
between teaching &amp; research

3.MODEL
Strategic thinking
is the
basic way to
success.
Süleyman Demirel
University’s
intellectual capital and strategic management decisions guided development of Isparta city.
The university's strategic plan changed the fate of the Isparta city and it became a small
example of sustainable development. Professional strategic planning process began in 2005 at
Süleyman Demirel University. University is one of the cornerstones of sustainable
development. Süleyman Demirel University has become an institution with the awereness
that change and development has become conditions of looking the future. The
university has made its first strategic plan for 2006-2010 which its physical and institutional
structure largely completed. Then, for the years 2011-2015, S.D.U revised its strategic plan
and determined the mission, vision, core values and principles.
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�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

Mission: Süleyman Demirel University provide international, national and local levels
education
and
training, execution
scientific research,
publications and consulting
activities, his research and projects on a national and international level in science, art and
technology is committed to producing nation and the sake of all humanity.

Vision: The university aims to be a pioneer, be preferable and have the high mobility
in higher education network.

This mission, vision, core values and principles through with SWOT analysis and stakeholder
analysis, strategic goals and objectives identified.Affecting factors of Süleyman
Demirel University evaluated under
two
main
headings;
internal analysis and
external environmental analysis. With the internal analysis, internal environments affect of
the future conditions and trends are examined. In the study of external environmental
analysis, non control external conditions and trends to university are evaluated. With the
external environment analysis, opportunities and threats were determined by taking opinions
of internal and external stakeholders.(Suleyman Demirel University's Strategic Plan, 20112015)

4.RESULTS AND DISCUSSION
Today, Universities has become one of the basic elements of sustainable development
because of producing knowledge, qualified labor force and technology for humanity and
universe. Universities also hold a significant position in social and economic development in
addition to their conventional roles of education and research. In addition, illumination
of society routing, transformation and lead the change are functions too. As shown in this
study, Süleyman Demirel University has important role on creating vision for the future with
using intellectual capital and strategic management in sustainable development.

REFERENCES
AKTAN, Coşkun Can (2008) “Stratejik Yönetim ve Stratejik Planlama”.
ANTONELLI, Cristiano (June, 2003) “The Governance Of Technological Knowledge:
Strategies, Processes And Public Policies”.
BRYSON, John M. “Strategic Planning for Public and Nonprofit Organizations”, San
Francisco: Jossey-Bass, 1988.
DEMİRKOL, İsmet (2007) “Entelektüel Sermayenin Firma Değerine Etkisi ve İMKB’de
Sektörel Uygulamalar”.

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�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

ECER, H. Ferhat (2004) Yüksek Lisans Tezi “Entelektüel Sermayenin Firma Değeri
Üzerindeki Etkisi ve Ekonometrik Bir Analiz”.
HATİBOĞLU, Z. (1986) “İşletmelerde Stratejik Yönetim” İstanbul: İrfan Yayıncılık.
KÖSE &amp; AKGÜN (2004) “Süleyman Demirel University’s 10. Year Gift”. Isparta.

Süleyman Demirel University's Strategic Plan (2011). Isparta.

TUIK (2011) Adrese Dayalı Nüfus Kayıt Sistemi Veri Tabanı.
World Commission on Environment and Development (WCED, 1987) “Our common future”
Oxford: Oxford University Press, p.

Institutionalization In Hotel Management And An Applied Study On Cappadocia’s 4
And 5 Star Hotels

Mustafa Caliskan, Hayrullah Cetin
Nevsehir University, Nevsehir, Turkey

1.INTRODUCTION
In the simplest terms, institutionalization means that the specific rules are to be valid in all
the relevant issues. In other words, certain rules are dominated in all of the social processes
such as from the one’s individual life to the family life and to the institutions and
organizations, societies, and inter-communal relations.
Institutionalization is not just a question of top management. A general management
philosophy covering the entire of the enterprise is a corporate culture.The decision or
personal behavior of salesman working at the endpoint of organization is an indication of the
level of institutionalization of the company. Recently, it is seen that many enterprises enter
into the process of institutionalization so that they have more stable and more planned growth
path.
The most important element of the tourism sector is the hotel enterprise. Revealing that hotel
enterprises give importance to which points to institutionalization and determining the
viewpoint of them on the institutionalization constitute the basic question of the study.
In the study, primarily by considering the institutional framework; institutionalization term,
principles, the importance of institutionalization in terms of hotel enterprises and the concept

141

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                    <text>International Conference on Economic and Social Studies, 10-11 May, 2013, Sarajevo

The Importance of Sustainable Living for the Well-Being
of the Older Adults: U.S. Case
Fevzi Kaya
Dumlupınar University, Kütahya, Turkey
kaya_fevzi@hotmail.com
Metin Özkan
Dumlupınar University, Kütahya, Turkey
camulog43@gmail.com
Sustainable living is the idea of preserving national resources and helping
to preserve ecological balance in the world. The main purpose of this
struggle is to create a more sustainable world. İn order to make a
significant contribution for the well-being of people around us, sustainable
living is a crucial point to consider. As you know, the U.S. population is
getting older, and it is estimated by 2030, approximately 70 million
individuals would be 65 or older in the U.S., so as the population of older
people increase, the need for the adults intensifies. İn order to increase
the quality life of older adults: what type of sustainable housing would be
conducive, what type of housing material should be used for the inside and
outside of the home, what type of sustainable clothing should be used, and
what type of an environment should be constructed are going to be the
main questions addressed in this research.
Keywords: Sustainable Living, Sustainable Housing, Housing Material,
Sustainable Clothing, Co-Housing and Shared Living.

121

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                <text>Sustainable living is the idea of preserving national resources and helping  to preserve ecological balance in the world. The main purpose of this  struggle is to create a more sustainable world. İn order to make a  significant contribution for the well-being of people around us, sustainable  living is a crucial point to consider. As you know, the U.S. population is  getting older, and it is estimated by 2030, approximately 70 million  individuals would be 65 or older in the U.S., so as the population of older  people increase, the need for the adults intensifies. İn order to increase  the quality life of older adults: what type of sustainable housing would be  conducive, what type of housing material should be used for the inside and  outside of the home, what type of sustainable clothing should be used, and  what type of an environment should be constructed are going to be the  main questions addressed in this research.  Keywords: Sustainable Living, Sustainable Housing, Housing Material,  Sustainable Clothing, Co-Housing and Shared Living.</text>
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                    <text>THE IMPORTANCE OF SUSTAINABLE LIVING FOR THE WELLBEING OF THE OLDER ADULTS: U.S. CASE
Fevzi Kaya
Dumlupınar University, Kütahya, Turkey
kaya_fevzi@hotmail.com
Metin Özkan
Dumlupınar University, Kütahya, Turkey
camulog43@gmail.com

Keywords: Sustainable living, sustainable housing, housing material, sustainable clothing, cohousing and shared living.
ABSTRACT
Sustainable living is the idea of preserving national resources and helping to preserve ecological
balance in the world. The main purpose of this struggle is to create a more sustainable world. İn
order to make a significant contribution for the well-being of people around us, sustainable living
is a crucial point to consider. As you know, the U.S. population is getting older, and it is
estimated by 2030, approximately 70 million individuals would be 65 or older in the U.S., so as
the population of older people increase, the need for the adults intensifies. İn order to increase
the quality life of older adults: what type of sustainable housing would be conducive, what type
of housing material should be used for the inside and outside of the home, what type of
sustainable clothing should be used, and what type of an environment should be constructed are
going to be the main questions addressed in this research.

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                <text>KAYA, Fevzi
OZKAN, Metin</text>
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                <text>Keywords: Sustainable living, sustainable housing, housing material, sustainable clothing, co-housing and shared living.  ABSTRACT  Sustainable living is the idea of preserving national resources and helping to preserve ecological balance in the world. The main purpose of this struggle is to create a more sustainable world. İn order to make a significant contribution for the well-being of people around us, sustainable living is a crucial point to consider. As you know, the U.S. population is getting older, and it is estimated by 2030, approximately 70 million individuals would be 65 or older in the U.S., so as the population of older people increase, the need for the adults intensifies. İn order to increase the quality life of older adults: what type of sustainable housing would be conducive, what type of housing material should be used for the inside and outside of the home, what type of sustainable clothing should be used, and what type of an environment should be constructed are going to be the main questions addressed in this research.</text>
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                <text>The Importance of Teaching Culture in the Foreign Language Classroom</text>
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Ulku, Ayhan
Azamat, Akbarov</text>
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                <text>This paper is concerned with the importance of teaching culture in a foreign language class. Linguists have long recognized that the forms and uses of a given language reflect the cultural values of the society in which the language is spoken. This means language learners need to be aware, for example, of the culturally appropriate ways to address people, express gratitude, make requests etc. Effective commutation is not just a matter of language proficiency, it is also about being able to understand other people and language alone is not enough for this. Language is a tool which reflects the life of the people from the culture that it was born from and thus learning the target language alone is not enough to communicate effectively. Communication is not the ability to speak the language but to understand the other person and since language is a tool that  reflects the culture ( life style, ideas etc.) of the speaker  in the communication proses, learning the culture is as important as learning the language itself when it comes to understanding each other. Since each language was born to meet the needs of the society that it was born from knowing that societies culture is necessary to fully master that language.</text>
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                    <text>The Importance of Time in Virginia Woolf's Mrs Dalloway
Ajla Pašić &amp; Melih Karakuzu
International Burch University / Sarajevo, Bosnia and Herzegovina
Key words: Virginia Woolf, Mrs Dalloway, characters, writing style, themes
ABSTRACT
Adeline Virginia Woolf was an English writer and one of the foremost modernist of the twentieth century. One of
her famous novels is Mrs. Dalloway. Virginia Woolf’s Mrs. Dalloway, published in 1925, was a bestseller both in
Britain and the United States. The action of Mrs. Dalloway takes place during a single day in June 1923 in London,
England. This unusual organizational strategy creates a special problem for the novelist: how to craft characters deep
enough to be realistic while treating only one day in their lives. Virginia Woolf’s novel Mrs. Dalloway has a specific
style of writing, the novelist is not using the first person. Mrs. Dalloway is written in the third person omniscient by
an anonymous narrator who knows everything about everyone, down to their innermost thoughts. Woolf perfected in
this novel is a style of narration that literary critics have called “represented thoughts and speech”, capturing the
motions of a mind thinking in the past tense, third person. A narrator presents characters thoughts and speech and
there is no way to separate the narrator from the character in this novel. Another techinque that Virginia Woolf
employs to develop the story of the novel is her treatment of time. Apparently, the time of action is only a single day
in the lives of Clarissa Dalloway and other characters. In the course of a single day they lived their whole lives, and
the readers get to know everything about them. In this novel, the past lives of the characters are not narrated in
chronological order, rather they emerge gradually, in fragments, as memories. In this novel, the line between past
and present is blurred. The transition from present to past and back into present requires but just a single moment.
The book is composed of movements from one character to another, or of movements from the internal thoughts of
one character to the internal thoughts of another.

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KARAKUZU, Melih</text>
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                <text>Key words: Virginia Woolf, Mrs Dalloway, characters, writing style, themes  ABSTRACT  Adeline Virginia Woolf was an English writer and one of the foremost modernist of the twentieth century. One of her famous novels is Mrs. Dalloway. Virginia Woolf’s Mrs. Dalloway, published in 1925, was a bestseller both in Britain and the United States. The action of Mrs. Dalloway takes place during a single day in June 1923 in London, England. This unusual organizational strategy creates a special problem for the novelist: how to craft characters deep enough to be realistic while treating only one day in their lives. Virginia Woolf’s novel Mrs. Dalloway has a specific style of writing, the novelist is not using the first person. Mrs. Dalloway is written in the third person omniscient by an anonymous narrator who knows everything about everyone, down to their innermost thoughts. Woolf perfected in this novel is a style of narration that literary critics have called “represented thoughts and speech”, capturing the motions of a mind thinking in the past tense, third person. A narrator presents characters thoughts and speech and there is no way to separate the narrator from the character in this novel. Another techinque that Virginia Woolf employs to develop the story of the novel is her treatment of time. Apparently, the time of action is only a single day in the lives of Clarissa Dalloway and other characters. In the course of a single day they lived their whole lives, and the readers get to know everything about them. In this novel, the past lives of the characters are not narrated in chronological order, rather they emerge gradually, in fragments, as memories. In this novel, the line between past and present is blurred. The transition from present to past and back into present requires but just a single moment. The book is composed of movements from one character to another, or of movements from the internal thoughts of one character to the internal thoughts of another.</text>
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                <text>THE IMPORTANCE OF VALUE ATTITUDES  IN SOLVING INTERCULTURAL CONFLICTS</text>
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                <text>Kriaučiūnienė, Roma</text>
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                <text>Contemporary world is complicated and we face many difficult problems that sometimes can turn into conflicts that have to be solved. As S. L. Dolan (2011) claims, these problems are: environmental pollution, human alienation, unemployment, crimes, drug addiction, disintegration of the family, mistreatment of the elderly, unequal distribution of wealth, food, educational opportunities, and many more. These challenges cause chaos and disturb the established senses of values across cultures. Some Lithuanian researchers (Aramavičiūtė, 2005) also maintain a view that such chaos has a vast influence on psychological condition of people as they loose the sense and meaning of life, which has a negative impact on their intra and inter-relations.The documents of the EU also highlight the need for educational institutions to promote social cohesion, intercultural dialogue, diversity and equality. The development of personal and social skills and respect for human dignity and shared values are considered to be essential in resolution of intercultural problems.     The article is based on the research into the cognitive-notional component of value attitudes of the students of management and foreign languages. The criteria were the acknowledgement of the importance of values and the depth of understanding of the meaning of values. The conclusion is made that students have to be prepared to understand the world, its cultural variety and values,  think critically, make a stand against the injustice and only then there can be a hope for life without prejudice, violence and contempt. Therefore, educational institutions have a huge and essential responsibility in this respect (Popovici, 2006).      Keywords: value attitudes, acknowledgment of the importance, depth of understanding, moral values, intercultural competence.</text>
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