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2007, vol. 55, br. 5-6, str. 161-176
Transition and beyond: Serbia’s perspective
(naslov ne postoji na srpskom)
Univerzitet u Beogradu, Ekonomski fakultet
Sažetak
(ne postoji na srpskom)
The largest problem of Serbia’s economy is the unbalance between level of output and aggregate demand which represents structural cause of inflation. Insufficient level of output as a result of slow transition is reflected through inadequate growth of efficiency and slow rhythm of investments. In such conditions, macroeconomic stability can hardly be obtained, and, once obtained, it is sustained with high costs. The article advocates a combined approach: market forces to speed up transition and normative approach via new strategy of economic development to sustain reform achievements. A new strategy of economic development could be sustainable if respects triple-bottom line criteria (economic, social and environmental requirements). The essence of the new strategy of economic development is a shift from "resource-driven" to" investment driven" economy in M. Porter’s sense. The core idea of the new strategy is investment of privatization revenues in state-owned companies from strategic sectors (energy telecommunication, and agriculture). Also, touching the issue from a financial perspective, the article advocates initial public offering procedure for state-owned companies from strategic sectors as well as for state banks and insurance companies.
Reference
*** (2006) National strategy for economic development of Serbia 2006-2012. Belgrade: Government of Republic of Serbia
Balassa, B. (1964) The purchasing power parity doctrine: A reappraisal. Journal of Political Economy, 72, 584-596
Claros, A.L., Schwab, K., Blanke, J. (2006) The southeast Europe competitiveness report. Geneva: World Economic Forum
EBRD (2006) Transition report: Finance in transition
OSCE Mission to Serbia and Montenegro (2004) Liber perpetum: The book on renewable energy in Serbia and Montenegro. Novi Sad: Stojkov
Porter, M.E., Schwab, K., Martin, X.S., Lopez-Claros, A. (2006) The global competitiveness report 2006-2007. New York: Palgrave Macmillan
Porter, M.E. (1990) Competitive advantage of nations. New York, itd: Free Press
Porter, M.E., Schwab, K., Martin, H., Lopez-Claros, A. (2004) The global competitiveness report 2004-2005. New York: Palgrave Macmillan
Samuelson, P.A. (1964) Theoretical notes on trade problems. Review of Economics and Statistics, vol. 46, str. 145-164
 

O članku

jezik rada: engleski
vrsta rada: izvorni naučni članak
objavljen u SCIndeksu: 28.02.2008.

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