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2015, vol. 17, iss. 3, pp. 27-55
Growth potential and analysis of the competitiveness of Serbian economy
University of Priština - Kosovska Mitrovica, Faculty of Economy
Abstract
Placement, role, as well as functioning and development of national economies in a globalized world's economy, greatly depends on the interactive connections and relations established with the rest of the world. Influenced by the progressive impact of globalization, all countries need to adjust their economies' systems towards the newly established circumstances in order to bear with the new challenges and enable best possible placement in the world's market arena. Serbia's economy structure based on the ''Yugoslav unique single market'', or '' Mini European Union'' is not adequate for the constricted economies' ambient which is present nowadays. Therefore, Serbia is implicitly addressed towards solving its structural imbalances by integrating into world's economic trends. In order to overcome structural imbalances, economic structure needs to alter in a certain way towards the demands of the world's market. Adapting to the international division of labor trends requires an offensive strategy of economic development, traced towards specific and prioritized goals with the aim of strengthening economies' competitiveness in the world market. With that regard, it is essential to provide stabile growth of funds derived from export, as well as accumulative growth based on this income, in order to ensure economic growth. This task requires increased competitiveness of Serbia's economy as a whole, which will enable potential solutions for the increased external debt, and provide accumulative potential for economic growth. Involvement of our economy in the global trends is limited nowadays by the lack of domestic accumulation. Furthermore, the extent of income based on foreign accumulation is consequently limited by the immense foreign debt. An improved competitive placement can be achieved only by investing in science and technology. The subjective factor personalized in the high educational potential enables us to execute biofusion and technology transfer.
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About

article language: Serbian
document type: Original Scientific Paper
DOI: 10.5937/EkoPog1503027S
published in SCIndeks: 31/12/2019

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