Strategic Management
how to cite this article
share this article


  • citations in SCIndeks: [1]
  • citations in CrossRef:[3]
  • citations in Google Scholar:[]
  • visits in previous 30 days:37
  • full-text downloads in 30 days:26


article: 1 from 1  
2018, vol. 23, iss. 1, pp. 20-28
Driving factors of Serbian competitiveness: Digital economy and ICT
aInstitute of Economic Sciences, Belgrade
bUnion University, Belgrade Banking Academy, Faculty for Banking, Insurance and Finance, Belgrade
European integrations and social and economic changes in Serbian economy on the way to the EU (MESTD - 47009)
Challenges and Prospects of Structural Changes in Serbia: Strategic Directions for Economic Development and Harmonization with EU Requirements (MESTD - 179015)

One of the major challenges for policymakers in Serbia is to improve the competitiveness of the Serbian economy. Universally applicable solution to this problem does not exist, but there are certain segments which can be a significant driver of improving the effectiveness and productivity of the economy by implementing diverse possibilities offered by the digital economy. A critical factor in the development of digital economy is the sector of information and communication technology (ICT), which has the potential to extremely improve the competitiveness of Serbia and start production towards modern business processes, but also contribute to a notable synergistic effect in terms of the competitiveness of micro-enterprises. Accordingly, the aim of this paper is to highlight the importance of information and communication technologies (ICT) as a factor for competitiveness and development of the digital economy, to analyze the application of ICT in the economy of Serbia, to highlight the benefits of development and acceptance of new solutions in the field of ICT, to create recommendations that would contribute to improving the business environment in the ICT field, and consequently of the digital economy as a whole.
Ambec, S., Cohen, M. A., Elgie, S., Lanoie, P. (2013) The Porter Hypothesis at 20: Can Environmental Regulation Enhance Innovation and Competitiveness?. Review of Environmental Economics and Policy, 7(1): 2-22
Anđelić, S., Brnjas, Z., Domazet, I. (2016) Education and entrepreneurship. in: Zanadu L., i dr. [ed.] Insights and potential sources of new entrepreneurial growth, Bologna: Filodiritto Publisher Inforomatica, pp. 383-393
Boons, F., Montalvo, C., Quist, J., Wagner, M. (2013) Sustainable innovation, business models and economic performance: an overview. Journal of Cleaner Production, 45: 1-8
Brousseau, E., Penard, T. (2007) The Economics of Digital Business Models: A Framework for Analyzing the Economics of Platforms. Review of Network Economics, 6(2):
Carayannis, E., Grigoroudis, E. (2014) Linking innovation, productivity, and competitiveness: implications for policy and practice. Journal of Technology Transfer, 39(2): 199-218
Carayannis, E.G., Grigoroudis, E., Sindakis, S., Walter, C. (2014) Business Model Innovation as Antecedent of Sustainable Enterprise Excellence and Resilience. Journal of the Knowledge Economy, 5(3): 440-463
Ćuzović, Đ., Sokolov-Mladenović, S. (2014) Globalizacija i digitalna ekonomija. in: Proceedings of the 1st International Scientific Conference - Sinteza 2014, Belgrade: Singidunum University, str. 143-147
Domazet, I., Zubović, J. (2011) Database marketing based business development: The case of Serbian financial sector. in: Šalej, i dr. [ed.] Contemporary issues in the integration processes of Western Balkan countries in the European Union, Ljubljana: International Center for Promotion of Enterprises, pp. 399-414
Domazet, I., Lazić, M., Simović, V. (2014) Mogućnosti i pretpostavke za razvoj IKT industrije u Srbiji. in: B. Drašković [ed.] Deindustrijalizacija u Srbiji: mogućnost revitalizacije industrijskog sektora, Beograd: Institut ekonomskih nauka, pp. 619-637
Domazet, I., Stošić, I., Hanić, A. (2016) New technologies aimed at improving the competitiveness of companies in the services sector. in: Richet X. [ed.] Europe and Asia: Economic Integration Prospects, Nice: CEMAFI, pp. 363-377
Domazet, I. (2016) Unapređenje konkurentnosti preduzeća implementacijom CRM modela. in: Minović J., i dr. [ed.] Pravci strukturnih promena u procesu pristupanja Evropskoj Uniji, pp. 225-241
Domazet, I.S., Neogradi, S. (2019) Digital Marketing and Service Industry. IGI Global, str. 20-40
Espinel, V.A. (2016) The digital economy: What is it and how will it transform our lives?. Retrieved December 17, 2017, from https: //www. weforum. org/agenda/2016/11/the-digital-economy-what-is-it-and-how-will-it-transform-our-lives/
González-Pernía, J.L., Peña-Legazkue, I., Vendrell-Herrero, F. (2012) Innovation, entrepreneurial activity and competitiveness at a sub-national level. Small Business Economics, 39(3): 561-574
Jovan, Z., Bradić-Martinović, A. (2014) Competitiveness of Nations in Selected SEE Countries. Procedia Economics and Finance, 8: 755-762
Kehal, H.S., Singh, V.P. (2004) Digital economy: Impacts, influences and challenges. Hershey: Idea Group Publishing
Paraušić, V., Domazet, I., Simeunović, I. (2017) Analysis of the Relationship Between the Stage of Economic Development and the State of Cluster Development. Argumenta Oeconomica, 39 (2); 279-305
Privredna komora Srbije (2015) Analiza IT sektora Srbije. Beograd
Proskuryakova, L., Meissner, D., Rudnik, P. (2017) The use of technology platforms as a policy tool to address research challenges and technology transfer. Journal of Technology Transfer, 42(1): 206-227
Republički zavod za statistiku (2016) Upotreba informaciono komunikacionih tehnologija u Srbiji. Beograd
Savić, M., Zubović, J. (2015) Comparative Analysis of Labour Markets in South East Europe. Procedia Economics and Finance, 22: 388-397
Stošić, I., Domazet, I. (2014) Analiza konkurentnosti poslovanja i potencijali rasta privrede Srbije u periodu svetske krize. Teme, vol. 38, br. 2, str. 491-506
Vidas-Bubanja, M., Bubanja, I. (2015) ICT as prerequisite for economic growth and competitiveness: Case study print media industry. Journal of Engineering Management and Competitiveness (JEMC), vol. 5, br. 1, str. 21-28
Vlada Rebublike Srbije (2016) Strategija razvoja industrije informacionih tehnologija za period od 2017. do 2020. godine. Beograd: Službeni glasnik, br. 95/2016
Vojvodina ICT cluster (2016) ICT at Serbia: At a glance 2015. Retrieved December 5, 2017 from
World Economic Forum (2015) Reports for period 2007-2015. Retrieved December 10, 2017 from https: //www. weforum. org/reports


article language: English
document type: unclassified
DOI: 10.5937/StraMan1801020D
published in SCIndeks: 05/10/2018