Characteristics And Problems Of The Development Of Serbian Industry Under Transition Cover Image

Karakteristike I problemi razvoja industrije srbije u procesu tranzicije
Characteristics And Problems Of The Development Of Serbian Industry Under Transition

Author(s): Ljubodrag Savić, Gorica Bošković, Ivana Kostadinović
Subject(s): Economy
Published by: Универзитет у Нишу
Keywords: Problems of industry development; transition; reform processes; industrial policy; crisis

Summary/Abstract: During the late eighties of the last century, Serbia became a medium-developed industrial country with the value of DP per capita of almost 3000 dollars. However, the disintegration of the former SFRJ (beginning in the seventies of the last century), being closed for too long within the national economy, the favoring of consumption above real capabilities, a huge foreign debt, a monopoly of policy over the economy and a wrong strategy of development, are only some of the most important factors because of which economic and, before all, industrial development in Serbia, at the beginning of the eight decade, started to go awry. Events in the last decade of the XX century led to a general breakdown of the economic and industrial development of Serbia. With the reform processes in the period of 2001-2008, some important positive shifts in industrial development were made, but even then numerous weaknesses, problems and development limits were present. These problems got worse with the world financial and economic crisis and its repercussions on the industrial policy of the European countries.

  • Issue Year: 2010
  • Issue No: 2
  • Page Range: 151 - 161
  • Page Count: 11
  • Language: English