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Strengthening the Competitiveness of Serbian Economy and the Corporate Market Restructuring

Author

Listed:
  • Ivana Domazet

    () (Institute of Economic Sciences, Belgrade, Serbia)

  • Ivan Stosic

    () (Institute of Economic Sciences, Belgrade, Serbia)

Abstract

Chronically poor competitiveness of Serbian market during the global economic crisis has become a basic weakness of Serbian economy. Therefore, the negative effects of the crisis in Serbia felt widely, exposing the deep structural problems of Serbian economy, but also imposed new challenges to be out passed. Accordingly, the authors of this paper aims to diagnose and analyze the basic economic indicators, business conditions and the competitiveness of the Serbian economy, and, on the strength of the study results, provide recommendations on how to speed up the recovery of the economy. Namely, the base for competitiveness stature relies on sustainable growth and development, that should be based on the implementation of the reindustrialization strategy while intensifying the process of business and market restructuring, bringing the new agricultural policy, including the implementation of modern irrigation systems, implementation of the adopted system framework for solving the problem of illiquidity and adjusting the level of public spending with real economy potentials.

Suggested Citation

  • Ivana Domazet & Ivan Stosic, 2013. "Strengthening the Competitiveness of Serbian Economy and the Corporate Market Restructuring," Economic Analysis, Institute of Economic Sciences, vol. 46(3-4), pages 108-124.
  • Handle: RePEc:ibg:eajour:v:46:y:2013:i:3-4:p:108-124
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    File URL: http://www.ien.bg.ac.rs/index.php/en/2013/2013-3-4
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    More about this item

    Keywords

    Competitiveness; restructuring; growth and development sources;

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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