This book explores the increased necessity of organizations to encourage human talent in the
globalized economy with particular emphasis on the impact in Eastern Europe. Featuring
contributions presented at the 7th Annual Griffiths School of Management International
Conference on Business and Ethics (GSMAC) organized by Emanuel University of Oradea this book
presents in-depth analysis of the economic social and religious implications of the transition
from low cost of labor to increased human talent in Eastern Europe and offers multiple
theoretical and practical solutions.In 2004 Klaus Schwab president and founder of the World
Economic Forum stated that the old era of capitalism and socialism is being replaced by a new
era of talentalism. The true competitive advantage of organizations and nations is increasingly
becoming human talent defined as the ability to have new ideas that have value. Nations and
organizations are exploring ways to reform their education systems and organizational
structures in order to train foster and encourage human talent. In Eastern Europe since the
fall of communism in 1989 the competitive advantage of the region has been low cost of labor.
However since the integration within the European Union millions of Eastern Europeans have
left their home countries rendering the low-wage competitive advantage almost obsolete. In
addition the migration of able-working individuals has left behind mainly children and
pensioners placing a disproportionately heavy burden upon public and government services. It
is within this context that the contents of this book explore the impact of the increased need
of high human talent on Eastern European countries.Featuring contributions around topics such
as poverty healthcare management cross-border cooperation education systems and religious
influence on economic development this book will be of interest of scholars researchers
students and policy-makers interested in the business development and economic growth of
Eastern Europe.
