Review Of Economic Development In The Republic Of Serbia In Transition Conditions

The transition, or the process of transition from centrally-planned to a market economy in Serbia, started in the nineties of the twentieth century. Based on the concept of neoliberal economy, the system reform for the Republic of Serbia was extremely long and difficult. The decline in economic activity, rising unemployment, an increase in foreign trade deficit and balance of payment turbulence, among others, were the consequences of the implementation of neoliberal economic policy. The task of this paper is to show that Serbia, as one of the most developed countries of the Western Balkans must create and implement national economic and development policies in order to foster socioeconomic development. In line with this objective of this paper is to analyze the macroeconomic performances in Serbia in transition period or the last ten years, between 2004-2014.godine. The paper analyzes the basic macroeconomic performance as economic growth, unemployment, industrial production, import, export, and Balance of Payments. The paper consists of five parts, where in addition to the introduction analyzes the trend of economic growth, unemployment and industrial production, then analyzes the implementation of import and export policies, as well as the trend in the balance of payments. At the end, there were concluding observations and literature.