IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Reindustrialization Strategy Of Serbia: How To Get It And How To Use It

Listed author(s):
  • Dragan Đuričin

    (University of Belgrade, Faculty of Economics)

  • Iva Vuksanović

    (University of Belgrade, Faculty of Economics)

Registered author(s):

    Serbia’s economic crisis is not cyclical, but structural. Our starting point is that reindustrialization is the cornerstone of the anti-crisis program and the road map for coordinated response to the crisis. The article incorporates four sections, along with Introduction and Conclusion. The first part reviews the macroeconomic situation in the mid-2013. The analysis indicates that anti-crisis program is imperative due to large output gap resulting from deindustrialization. The second part of the article analyzes the concept and the main components of anti-crisis program. The third part provides economic policy proposals for reindustrialization. Finally, we identify priority sectors for reindustrialization. For the most part, economics is not an exact science. This particularity allows that everybody thinks they know it, especially politicians. That is why economics often has no further scope than a gizmo science in the hands of politicians. Given that, this article represents an attempt to provide contribution from microeconomic (or business) perspective, while not ignoring macroeconomic one, to exit from profound and overwhelming crisis into which Serbia persistently sinks. As business economics professionals, we share certain shame that a nation which can be proud of Nikola Tesla and Mihajlo Pupin, as well as of many great people from the field of theoretical and applied engineering, has not been able to create level playing field for development of industrial economy. Adequate institutional framework encourages technological development as well as commercial use of innovations in tradable sectors and, consequently, fosters an economic and social development which could make Serbia comparable with other European countries. The future of our future must be brighter than the time we are facing today. It will not be easy because we must simultaneously eliminate the burden from the past and adapt the economy to transformative global discontinuity challenges.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by SAE - Serbian Association of Economists in its journal SAE Journal.

    Volume (Year): (2013)
    Issue (Month): 5-6 (September)
    Pages: 289-308

    in new window

    Handle: RePEc:srb:journl:y:2013:i:5-6:p:289-308
    Contact details of provider: Postal:
    Bulevar Mihajla Pupina 147, Dobrinjska 11, Belgrade, Serbia

    Phone: +381 11 3613-409; +381 11 2644-980
    Fax: +381 11 3629-689
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:srb:journl:y:2013:i:5-6:p:289-308. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Milos Stamatovic)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.