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2007, vol. 31, iss. 2, pp. 243-252
Development strategy and competitiveness improvement of Serbian industry
Univeristy of Niš, Faculty of Economy

emailgorica.boskovic@eknfak.ni.ac.yu
Keywords: import-substitution strategy; export-oriented strategy; development; competitiveness; industry
Abstract
Development and enhancement of industrial competitive advantage requires existence of a key prerequisite-suitable development strategy. Over the course of time, in the development process of industry, some countries have applied different development strategies of industry(the strategy of traditional industrial production, import-substitution strategy export-oriented strategy of industrial development). At that, the best results, according to empirical researches, have realized the countries which have applied the export-oriented strategy of industrial development. While part of the Former Yugoslavia, Serbia had applied the import-substitution strategy over the long period of time. Until 1965, the strategy gave positive economic effects. However, after that, Serbia hasn't had suitable development strategy of industry which has, besides a number of other factors, caused the fall of Serbian competitive ability. Having that in mind, and beginning with the existing internal and international conditions, Serbia must define its strategy of industrial development which will primarily be based on export expansion.
References
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World Economic Forum (2004) The global competitiveness report 2004-2005. New York
 

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article language: Serbian
document type: Review Paper
published in SCIndeks: 28/02/2008

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