FREE ZONES AS AN ACCELERATOR OF INTERNATIONAL AND NATIONAL ECONOMIC DEVELOPMENT
FREE ZONES AS AN ACCELERATOR OF INTERNATIONAL AND NATIONAL ECONOMIC DEVELOPMENT

Summary/Abstract: The authors emphasize the importance of free zones as a key factor of economic business progress. Through the presentation of the basic regulations, the authors point out that free zones have achieved their purpose and conditions for existence and work, compared to the most successful zones in the region and the world. The authors point out that the capacity of free zones as an accelerator of economic development is insufficiently used, and that the implementation of the experiences of developing countries would significantly increase it. In a period when our country has many development priorities, a more inventive strategy for free zones would be useful at numerous levels, starting with increasing production, technological modernization of numerous activities through increased foreign exchange inflow, exports and development of certain regions of the Republic of Serbia. The authors conclude that free zones contribute to the development of companies that operate both in the zone and around the zone, and that this ultimately contributes to increasing employment in a broader sense.

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