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2012, vol. 17, iss. 4, pp. 491-512
Causes of deep economic crisis in Serbia
Akademija ekonomskih nauka, Beograd
Abstract
Serbia is in a deep economic and social crisis. Deeper and deeper economic crisis is the result, primarily, of the faulty concept of economic reforms and economic policy measures, which are practiced from the beginning of 2001, and among them the following measures stand out: a defective concept of privatization, rapid and excessive import liberalization, especially the policy of overrating the value of the dinar. The strengthening of social crisis directly and indirectly intensifies the economic crisis. The strengthening of the global economic crisis, to a certain extent, contributed to the strengthening of the economic crisis in Serbia. In addition, very unfavorable climatic conditions in 2012 increased the intensity of escalating the economic crisis in Serbia. Serbia faces very serious limiting factors for future growth and development, among which: a) the decline of the quality of human capital, b) a very low level of competitiveness, c) a high level of external debt, d) lack of capital, especially for investment, e) severe technological backwardness and increasingly difficult situation in the research and development work, f) low level of state institutions and the rule of law, g) less authority in managing economic policy. If Serbia continues to debit abroad and sell its best companies, land and other resources to foreigners, it will eventually get the characteristics of a contemporary colony. In order to eliminate the real danger, and to stop the escalation, and in the perspective, overcome the economic and social crisis, Serbia should, as soon as possible, formulate, adopt and implement consistently the optimal vision of social and economic system.
References
Kovačević, M. (2010) Dimenzije i uzroci dramatičnog stanja realnog sektora privrede Srbije. Ekonomski vidici, vol. 15, br. 2, str. 113-132
Kovačević, M. (2012) Da li postoji izlaz iz teške društvene i privredne krize Srbije?. Ekonomski vidici, vol. 17, br. 2, str. 145-157
Labus, M. (2004) Konkurentnost i makroekonomska stabilnost. Ekonomski anali, =48, 25-31
Stamenković, S., i dr. (2011) Ekonomska politika Srbije u 2011 - početak ili kraj razvojnog modela?. in: Jurij Bajec, Miomir Jakšić [ed.] Nova strategija razvoja privrede Srbije, Naučno društvo ekonomista, 1-30
World Economic Forum (2012) Global competitiveness report 2010-2011
World Economic Forum (2012) Global Competitiveness Report 2012-2013. Geneva
 

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article language: Serbian
document type: unclassified
published in SCIndeks: 22/03/2013